US, China face deep trade, IP differences in high-level talks

WASHINGTON: The United States and China launch a critical round of trade talks on Wednesday amid deep differences over Washington’s demands for structural economic reforms from Beijing that will make it difficult to reach a deal before a March 2 US tariff hike. The two sides will meet next door to the White House in […]

Former Nissan boss Ghosn has a conspiracy theory

Tokyo. Fallen auto titan Carlos Ghosn said his arrest for alleged financial crimes was the result of a “plot” against him by Nissan Motor Co. executives trying to prevent the Japanese carmaker’s deeper integration with Renault SA. There was a plan to combine Nissan with Renault and third partner Mitsubishi Motors Corp, Ghosn told Japan’s […]

Is UAE’s Souq set to finally be replaced by Amazon?

Dubai: Will Souq.com soon disappear, leaving in its place Amazon.ae? Nearly two years after the US online retail giant purchased Souq for $580 million, a source-led report from CNBC on Tuesday suggested that may be exactly what is about to happen. According to the article, Amazon has recently been contacting large North American wholesalers to […]