Business

As Washington and Beijing are embroiled in a full-blown tariff war, some companies apparently have to adapt their business practices in order to avoid falling victim of an economic standoff between the two world powers.

BEIJING (Sputnik) – China will adopt countermeasures to protect its interests and rights after the US decision to introduce tariffs on steel and aluminum imports, the Chinese Ministry of Commerce said on Wednesday in a statement.

Under the renegotiated contract, India will receive gas worth $25 billion in the next 20 years and nearly $1.5 billion worth of LNG will be bought from Russia every year.

Earlier, US media reported that Washington was mulling an inquiry into the national security implications of uranium imports as a way to shield US producers from global competition.

Russia’s Kalashnikov Concern has been hitting the headlines in Russia since its proposal to amend the national gun law to allow Russians to own up to 10 weapons per person. With some claiming it is only aimed at enlarging the legendary company's monopoly on the market, Sputnik decided to look into the somewhat unexpected side of its production.

This is yet another warning of sharp price inflation on everyday goods in the UK as a direct result of Brexit.

In the aftermath of the Chequers crunch meeting, two senior cabinet ministers resigned over disagreements with UK Prime Minister Theresa May’s Brexit strategy, raising the prospect of a parliamentary vote of confidence against the PM.

In late June, the French-based aircraft manufacturing giant Airbus warned that a possible no-deal Brexit scenario would prompt the company to reconsider its long-term position in Britain, which may put its UK jobs at risk.

The European Commission has decided to fine Google for 4.34 billion euro ($5.04 billion) over "illegal restrictions on the use of Android," European Commissioner for Competition Margrethe Vestager said Wednesday.

BEIJING (Sputnik) - Trade war based on the policy of unilateralism and internal political interests of one country has become the biggest "confidence killer" for the global economy, Chinese Foreign Ministry spokeswoman Hua Chunying said on Wednesday.

Last week, the British government scrapped its previous plans to maintain close cooperation with the EU in the financial sector after the UK's withdrawal from the bloc by March 2019.

The shareholders of Tesla have spoken up against the company’s CEO despite attempts to downplay the scandal.

After announcing import duties on aluminum and steel, US President Donald Trump had stated that the EU, Canada, and Mexico, as well as a few other countries, would be exempt from the limitations, but eventually revoked the possibility after they refused to discuss their stance with Washington.

Washington's "comprehensive" package of sanctions against Tehran are expected to kick in this November, but officials say the main target, Iranian crude oil exports, will likely simply be diverted from one group of buyers to another.

"We don't see any material negative impact with Brexit," chief executive of the US manufacturer said, pointing to opportunities of growth available in the UK.

A Russian company, which specializes in transporting enormous items such as military and oilfield equipment, has signed a deal to buy $12 billion worth of cargo planes from Boeing. The planes will replace Volga-Dnepr Group's aging fleet of Antonov aircraft.

After Washington's withdrawal from the Iran nuclear deal, also known as the Joint Comprehensive Plan of Action (JCPOA) in May, other signatories, including France, Germany and the EU, have reaffirmed their commitment to the JCPOA, and are trying to shield European companies operating in Iran from US secondary sanctions.

The United States has imposed several rounds of sanctions against Tehran following President Trump's decision on the withdrawal from the historic 2015 nuclear deal.

France's triumph will cost up to 29 million yuan in refunds to Vatti, a Chinese company which makes electric ovens and gas stoves which has launched a venturous marketing campaign ahead of the tournament

One of the world's biggest pharmaceutical companies, Johnson & Johnson, has been ordered to pay billions of dollars to 22 women who claim the firm's talcum powder contributed to them getting ovarian cancer. Sputnik spoke to Mark Lanier, lead counsel for the plaintiffs, who said Johnson & Johnson were still in denial over the risk posed.