Thomas Cook euro bonds plunge to record low as woes mount

London: Thomas Cook’s bonds fell to record lows on Monday following a report from Sky News that a payment intermediary is now working with the travel agent, seeking to extend the period for which it retains holidaymakers’ payments for trips. The company’s actively traded notes maturing in 2022 tumbled 14 cents to 33.36 cents, based […]

US, China bicker over ‘extravagant expectations’ on trade deal

Beijing, Washington: China accused the United States on Monday of harbouring “extravagant expectations” for a trade deal, underlining the gulf between the two sides as US action against China’s technology giant Huawei began hitting the global tech sector. Adding to bilateral tension, the US military said one of its warships sailed near the disputed Scarborough […]

Trump vows China’s economy won’t surpass US on his watch

Washington, D.C.: President Donald Trump said he was “very happy” with the trade war and that China wouldn’t become the world’s top superpower under his watch. “We’re taking in billions of dollars,” Trump told Fox News Channel’s Steve Hilton when asked about the end game on the trade war. “China is obviously not doing well […]