Tech giant Samsung Electronics may need to overhaul its global production strategy as new US reciprocal tariffs could significantly affect its smartphone business, industry sources said on Sunday.
GM's headquarters has indicated it is closely monitoring the tariff developments and could consider options, such as shifting production locations, if the U.S. trade barriers persist, reports Yonhap news agency.
The United States Africa Command (AFRICOM), in coordination with the Federal Government of Somalia, conducted an airstrike on several ISIS-Somalia targets in the east African country.
European Commission President Ursula von der Leyen expressed deep regrets about the United States' decision to impose tariffs on imported European cars.
The recent talks between the United States and Russia in Saudi Arabia signal a shift in diplomatic efforts to find a resolution to the war in Ukraine.
Laid low by the consequences of a deadly virus that was first reported at about this time last year in China, and convulsed by a bitter election fought in the United States whose effects will really begin to be felt with the change of guard early in 2021, the world’s economies have gasped for breath, with no ventilators around to rescue nations hit by increasing joblessness, fall in demand and disrupted supply chains.
'The idea that we have a 94.5 percent effective vaccine is stunningly impressive. It is really a spectacular result that I don't think anybody had anticipated would be this good.'
Global infections have soared past 54 million with more than 1.3 million deaths, and the worrying spikes have forced governments to reimpose deeply unpopular and economically devastating restrictions on movement and gatherings.
Prime Minister Narendra Modi was quick to congratulate the 77-year-old Biden soon after he was declared the winner in the keenly-contested election against Donald Trump.
Despite an often startlingly laid-back campaign, Biden, 77, leads in almost every opinion poll, buoyed by his consistent message that America needs to restore its "soul" and get new leadership.
