Business

New Delhi (Sputnik): An interministerial panel has recommended banning all private cryptocurrencies in India and imposing fines and penalties for carrying out any activities connected with virtual currencies.

The nosedive comes against the background of the ongoing trade row between Beijing and Washington, which, however, showed signs of nearing a resolution late last month when President Trump announced that he will not impose new tariffs on China.

BEIJING (Sputnik) - China will impose anti-dumping tariffs for five years on stainless steel imports from the European Union, Indonesia, Japan and South Korea, after an investigation revealed that the imports have had a negative impact on China's domestic steel industry, the Chinese Ministry of Commerce said Monday.

Earlier, US media reported that the State Department was seriously considering ‘allowing’ China to continue importing Iranian oil, with the alternative being to let Beijing ‘openly defy US sanctions’ as the country continues to take in more and more shipments of Iranian oil.

The United States and China plunged into an escalating tit-for-tat tariff spat in mid-2018 when the Trump administration imposed 25 per cent tariffs on $50 billion worth of Chinese goods in a bid to address the trade deficit.

The brother of the late kingpin wants to make a weed-selling company with Elon Musk, the very man he threatened to sue for $100 million over allegations of stealing intellectual property for The Boring Company’s “not-a-flamethrower.”

MOSCOW, (Sputnik) - The European Union is ready to scrap duties on key US industrial exports to prevent more taxes on its car sales to the United States, German Economy Minister Peter Altmaier said in an interview out Sunday.

South Africa's central bank is implementing limited monetary stimulus to prevent a possible recession amid a broad-based drop in consumer demand, as well as the manufacturing, mining and utilities sectors of the Rainbow nation's economy.

Japan's top central banker has rejected calls for higher government spending, suggesting that the Bank of Japan (BOJ) is still capable of tackling all the emerging risks which may affect the nation's GDP growth and employment.

Gold prices have retreated from their multi-year highs despite the signs of an upcoming wave of global monetary easing amid strong GDP growth in some of the world's largest markets.

The US government accuses the video hosting platform of illegally tracking and targeting users under the age of 13, while privacy advocates ring alarms over channels that claim to be are adult-targeted but feature material for minors instead.

The company will establish a fund and a hotline for registering victim claims, which are expected to amount to an estimated $700 million. The company will spend an additional $1.25 billion to upgrade security systems to prevent similar incidents in the future.

New Delhi (Sputnik): Serving a life-term for kidnapping and murdering the husband of a woman whom he wished to have as his third wife, an Indian man who founded a South Indian restaurant chain died of cardiac arrest on Thursday.

New Delhi (Sputnik): A day after the European Union (EU) launched an investigation into American tech giant Amazon, India’s top trade organisation, representing 60 million traders, has urged the government to investigate the activities of e-commerce giants for predatory business practises.

Iranian Foreign Minister Mohammad Javad Zarif previously noted that the EU mechanism for bilateral transactions with Tehran bypassing US sanctions could include other interested countries, such as Russia and Turkey.

The world's largest producer of wooden furniture has pinned the move to high raw material prices, dispelling speculations that it is somehow linked to Donald Trump's “tariff war”.

New Delhi (Sputnik): A video blogger in Indonesia is likely to face a court trial for allegedly violating the country's strict electronic transactions law while sharing a handwritten menu of national flag carrier, Garuda Indonesia.

Economic analysts have indicated that the largely young population in Middle Eastern countries presents a lucrative opportunity for tech companies, but at the moment they lack Arabic-language content to effectively capitalise on this.

With this year’s football season being nearly over, the former Real Madrid star appears to be eagerly demonstrating his commercial acumen.

The developments come amid the ongoing trade spat between China and the US, which has been simmering since President Donald Trump’s decision last year to impose 25 percent tariffs on $50 billion worth of Chinese goods in a bid to fix the trade deficit. Since then, the two sides have exchanged several rounds of tariffs.