EU prepares to retaliate to potential US auto tariffs
Monday, 28 January 2019
The EU is ready to retaliate if the US impose 25% tariffs on auto imports from Europe. The countermeasures could affect $294 billion US exports to Europe. The US administration has been investigating imports from various countries. It imposed 30%-50% tariffs on solar panels and white goods in January 2018. Later in March, the administration
- Published in Steel
China to get tougher on new steel capacity additions in 2019
Monday, 14 January 2019
The Chinese minister of industry and information technology revealed to a local news agency that the government is going to ban new steel expansion projects in 2019. China also continued its ban on the cement and glass industry capacity expansions due to the overcapacity issues. The environmental issue is also a fundamental cause behind the
- Published in Steel
Lingo finalised the acquisition of Impact Telecom
Wednesday, 09 January 2019
Lingo Communications closed its acquisition of Impact Telecom in an all-cash transaction. The expected revenue of the combined company is to be approximately $168 million, and the adjusted EBITA will be approximately $26 million. The acquisition created an opportunity to combine both companies network infrastructure into one giant IP-based UC network and an FG-D network
- Published in Telecom
Ride-hailing sector underpins autonomous vehicle technology progression
Tuesday, 08 January 2019
Ride-hailing is playing a key role in supporting the progress of autonomous technology. Ride-hailing companies such as Uber and Lyft have already started testing its autonomous technology by providing ride-hailing services. Automakers such as General Motors are also in the race to provide autonomous ride-hailing services. Commodity Inside understands that autonomous technology will not only
- Published in Automotive
Cascades to double its production after acquiring two moulded pulp packaging manufacturers in the US
Monday, 07 January 2019
Cascades production of moulded pulp packaging is set to double in the US after its acquisitions of Urban Forest Products in Indiana and Clarion Packaging in Iowa The total cost of the transaction was $37.4 million. Both targeted plants produce moulded pulp protective packaging which niche markets are eggs and food services. These plants are
- Published in Packaging
China’s Huawei faces new bans and challenges in the European telecom market
Thursday, 03 January 2019
China’s Huawei continued to be in hot water as some of the European countries are also avoiding the use of Huawei’s equipment due to security concerns and over spying doubts. Like the US, Australia and New Zealand, European countries are also taking the issue seriously given that in the future 5G technology will play a
- Published in Telecom
Chinese steel consumption is expected to rise in 2019
Thursday, 03 January 2019
Steel demand in China is set to increase on the back of newly approved policies in support of its construction sector. The new policies would cut taxes, improve the funding for local governments and boost up the infrastructure building and housing projects in 2019. The proposal of new economic actions has already been approved by
- Published in Steel
Iran’s steel exports are on a downward trajectory after re-imposition of sanctions
Thursday, 20 December 2018
Iranian steel exports have started plummeting since the US reinstated sanctions. The EU has already imposed anti-dumping duties on some of the Iranian steel. According to Iran Steel Producers Association, Iran produced 14.24 million tonnes of steel with an increase of 10% in the first eight months of current Iranian year started from 21st of
- Published in Steel
New Zealand bans Huawei from 5G roll-out
Thursday, 13 December 2018
New Zealand’s national security agency Government Communications Security Bureau (GCSB) bans Spark NZ (New Zealand Telecommunication Company) from using China’s Huawei equipment and services in its new 5G roll-out. The agency considered Huawei equipment and services as a security risk to its country. Huawei and Spark have been in partnership for approximately four years under
- Published in Telecom
Global Ride Hailing Market 2018-2025
Thursday, 22 November 2018
The ride-hailing industry has decades’ long history though substantially supported by recent technology advancements, increasing use of smartphones and urbanisation. Since the start of e-hailing, pioneered by Uber, various ride-hailing companies such as Lyft, Didi Chuxing and Ola entered the market and started disrupting the transportation industry. The market is now getting more tractions as
- Published in Automotive