Category: bite
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Global supply chains brace for shock as Trump’s tariffs bite from cars to crypto
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It seems that the latest tour of the Donald Trump in the customs tariff for Mexican, Canadian and Chinese imports is to deepen global trade tensions, which affects everything from cars production and retail prices to commodity markets and digital currencies. The new drawings now extend to small packages previously…
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Thyssenkrupp swings to quarterly net loss as one-offs bite By Reuters
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By Christoph Steitz FRANKFURT (Reuters) – Thyssenkrupp swung to a net loss in the third quarter on higher-than-expected costs for legacy projects in its plant engineering business, the company said on Wednesday, adding that it had also halted the sale of one of its units. The company said it posted…
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The rotation trade continues to bite with chipmakers on the defensive
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This is one of the most unusual periods the markets have ever seen. It’s hard to pinpoint what’s happening, but consider the following: The Russell 2000 rose 12% in five days. According to John Authers, this move in the past 30 years has been surpassed only by the sudden spikes…
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Pavraj takes a bite of meat business with meatless startup
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At the Kenya Meat Expo and Conference held last week, the sweet smell of grilled meat whetted the appetites of many. But in the meat-filled environment lurks a stranger, Paaraj Sehra. While many exhibitors displayed meat products and meat cutting equipment, Pavraj had meat alternative products, made from soybeans and…
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HMRC Seeks Another Bite in ‘Mega Marshmallow’ Tax Case
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After losing twice in the protracted ‘huge marshmallow’ tax case, HMRC has announced its intention to lodge another appeal. Last month, the High Tax Court upheld a lower court ruling that “jumbo marshmallows” sold by London-based wholesaler Innovative Bites are not considered sweets and are therefore exempt from VAT. The…