India announces retaliatory trade tariffs against the US

Tariffs will be imposed on 28 US products from 28th June 2019 including Almonds and Apples, says India. 

Due to Washington's refusal to exempt Delhi from taxes on aluminum and steel imports, Delhi has risen the duties on 28 US products up to 70%. President Donald Trump announced earlier this month that the US will withdraw India's preferential trade treatment.

In June last year, trade talks delayed the implementation of the tariffs which were supposed to go up to 120%, said India. The decision was made in the public interest says India's Finance Minister on Friday. Artemia, a type of shrimp, was added to the list, making it 29th in the list, but was later removed from the list.
In 2018, US-India bilateral trade ( exchange of goods between two nations for promoting investment and trade) was worth $142bn, seven times more than it was in 2001, according to research in the US.

The move is the latest push by President Donald Trump's administration to redress what it considers to be unfair trading relationships with other nations. Tension has since risen between the two nations.
Last year when the US increased tariffs on aluminum and steel, India retaliated by increasing its own import duties on the US products.
President Trump has also warned India to impose sanctions if India purchases oil from Iran and if they continue to go ahead with their plans to buy S-400 anti-aircraft Russian missiles.

Sources :-
https://www.bbc.com/news/world-asia-india-48650505


https://edition.cnn.com/2019/06/15/economy/india-tariffs-us-trump/index.html

Panasonic examines relationship with Huawei.

Panasonic, a Japanese company said that it is examining whether any of its products are breaking the US restrictions on trading with Huawei. The market will slide if Panasonic joins the list of firms walking away from Huawei. Panasonic is planning to join Google, Intel, and Qualcomm after the US banning Huawei, which might be the beginning of tech cold war. 

last week, Huawei's name was added on the list of companies with which the US cannot do trade until they have a trade license. The restriction has escalated the ban of Huawei in the US, which they say will lead to security risk. Panasonic's statement was confusing when it said that they have suspended business with Huawei. They also said that they will join the growing list of companies to cut ties with Huawei by announcing that they will stop supplying some components to the Chinese technology conglomerate after the US banned Huawei for security risks and threat. But Panasonic said that they will continue their business operations with Huawei in which they are not breaching any US regulations.

The decision by the Japanese firm has crashed shares of Asia Pacific, and four major Japanese and British mobile carrier company said that they would delay releasing new Huawei phones. Trump administration, last week added Huawei the worlds second largest smartphone maker to its entity list, which bans Huawei from getting technology from US firms without Government approval.

Google, on the other hand, has stopped Huawei from getting any updates to their Android operating system. Which mean that Huawei's new phones will not be getting the latest updated Google apps.
For months, the US and China have been struggling for power, where Huawei has been the epicenter of it. Because of the law from the US, Huawei is facing a huge backlash from the Western countries for a possible risk caused by using its product in the next generation 5G mobile networks.

The US argues that the Chinese Government might use Huawei's product for surveillance, whereas Huawei denies such allegation stating that Huawei is independent of the Chinese Government.





 Source:- https://www.bbc.com/news/business-48375411 ,
                https://www.theguardian.com/technology/2019/may/23/huawei-markets-slide-as-panasonic-joins-list-of-firms-cut-ties

Amazon plans to cut delivery times.

Amazon will cut the delivery time for its customers of Amazon Prime Worldwide.

What is Amazon Prime?
Amazon Prime is a service where the customer has to subscribe to the Prime service to access Amazon Prime TV shows and to services like free delivery.

Currently, the customers in the US are getting their products in two days, but Amazon plans to cut it to one day. Customers who have subscribed for Amazon Prime gets free one-day delivery in some parts of the UK. But now Amazon plans to spend an additional $800m to cut the delivery time everywhere. They have not mentioned any specific date as to when this will start, but they promised to begin this service as soon as possible as this will help in steady progress in the business.

Two days shipping is offered on many products by Walmart and Target, in many parts of the US, and they have been constantly focusing on improving the services of delivering.
Amazons move is to be ahead of its rivals.
Many items bought from Amazon is delivered on the same day in the cities of the US, but analysts are saying it will be difficult to give that service to the remote parts of the country.

In a report, Amazon achieved a $3.6bn profit in the first quarter which the double of the profit earned last year in the same period. It is noticed that it was their fourth successive quarter of profit. In the first quarter, Amazon's sales rose  17%  to $59.7bn. Amazon is now expecting sales to grow to 20% in the second quarter.

Source :- https://www.bbc.com/news/business-48058276

How digital marketing works

How digital marketing works: Here's everything you need to know.

Over the past decade, buying behavior has changed drastically, and most of the consumers are starting and ending their buying journey online. Because the consumers are making their purchasing of goods are services online, digital marketing is a must for all the company no matter what size of the company is.
It is very important for business marketing people to understand how digital marketing works so that they can make business strategies and plans and use the right digital tools and tactics to reach their target audience.

Let's start with WHAT IS DIGITAL MARKETING.

Digital marketing is a way in which brands and products are promoted through online ads and other channels. Where most of the businesses have a specific target audience which they intend to target through online marketing, Digital marketing helps them to reach such target audiences through the internet and other digital networking approaches.
to get their marketing message to their target audience, the marketers can use different digital technologies for digital marketing. Apart from making a website, a company can also reach their target audience through email marketing, social media, smartphones, and ads on the websites.
Digital marketing plays an important role in modern business as it helps the marketer to allow its consumer to decide their online purchasing decisions.

The days when people used to visit stores physically to browse products and ask the sales assistant to get more information about the product is over. Now the consumer uses the internet to get full information before buying any product even if they are buying it from a physical store.





Source:- https://www.lyfemarketing.com/blog/how-digital-marketing-works/

Jacinda Ardern, a leader with full love and support on display.

Just like every Friday, people had gathered in a mosque in Christchurch, New Zealand, to offer the Friday prayer (also known as Salat-Al-Juma) when minutes later an Australian young man walked up to the door and started shooting with his assault rifle. 

The Gunman was welcomed by an old man, even when the Gunman had the gun in his hand when he walked up to the mosque's door.
The pain of the drastic massacre has echoed not only in New Zealand but also all over the world. And because of social media being so common in this world, everybody was able to see the live footage which the self-titled white supremacist who killed 50 people in the mosque has recorded by going live on a social media app.

Brendan Tarrant a terrorist from Australia killed people who were from Jordan, Egypt, Somalia, Pakistan, and India. So when Prime Minister Jacinda Ardern gave a statement hours later after the attack, it was not only New Zealand who was listening to her but also other countries around the World. She said, " It is clear that this can now only be described as a terrorist attack". Being very swift and convincing, Ms. Ardern described Tarrant as a "terrorist". She proved wrong to the people who think that government officials would never call a white person terrorist even if the attack was politically motivated. She later comforted the victims of Christchurch, as simple as wearing a black scarf, as to show respect, she said that "they are us", and later after a few days, in the parliament, she made a bold and small statement starting with the Islamic greeting "as salaam alaikum".

A few hours after the attack, Ms. Ardern said that the Government will strictly change the country's lax gun law "within 10 days".
Ever since her first statement after the attack, the entire world is praising her for her leadership.

Source: https://www.bbc.com/news/world-asia-47630129

Ethiopian Airlines crash.

Boeing: UK joins the wave of countries grounding the 737 Max.

As a precautionary measure, the UK's Civil Aviation Authority CAA has banned the boing 737 Max from operating in or over UK airspace.

The decision was made after an Ethiopian Airlines aircraft was crashed on Sunday, killing 157 people. In 5 months this was the second fatal accident of Boeing 737 Max. After Singapore, China, Malaysia, and Australia, UK has joined in grounding the jets. Whereas US  officials still say that the aircraft is safe to fly.
The British pilots appreciated the decision where CAA said that directive fill be same until further notice is given.
Norwegian and Tui Airways, both operate Boeing 737 Max as their fleet in the UK. There is one Turkish Airline (Boeing 737 Max)  was turned back to Istanbul which was flying to Birmingham.
Any passenger traveling through Boeing 737 Max will be transferred to different  Aircraft. 

Singapore's Changi airport is the 6th busiest airport in the world. luckily only a few Boeing 737 Max is operated on that airport.

Boeing 737 Max is the latest model in the Boeing 737 series. Out of around 5000 orders of Boeing 737 Max 8 models, Boeing has already delivered 350 models to its customers.
As the part of Ethiopian Airlines expansion, Boeing 737 Max 8 was a part of 30 aircraft, ordered by the Airline.


Source: https://www.bbc.com/news/world-asia-47536502

New York wants Amazon to reconsider its campus plan.

Amazon has been asked to reconsider the decision to scrap its campus plan by New York business, political and community leaders.

The campaign came just after a week when Amazon decided to scrap its campus plan in Long Island City in New York stating some opposition from the locals. A $2.5Bn project was pledged by Amazon for its hub, which would create about 25000 jobs for the people. For this, Amazon was offered almost $3Bn tax breaks (Government offering reduction in tax) and other benefits by the city and state Government.

This gave a chance for some people to oppose even though it was backed by the Governor and the Mayor. A poll was taken for this decision which said that the majority of people were in favor of the project.

The New York Times published a letter on Friday from a group saying that a majority of people in New York were in support of this project and has been disappointed by the decision to scrap the campus plan.

The list of people who signed the letter included heads of Morgan Stanley, Goldman Sachs, Mastercard and JetBlue Airways. Also local leaders and heads of Tennant Association and the president of NAACP New York State Conference.

From an anonymous source, the New York Times reported that New York Governor Andrew Cuomo has called Amazon boss Jeff Bezos to try to change his mind about scrapping the campus plan.

Later the Newspaper reported that Amazon has not shown any sign to re-open any conversation regarding the decision to cancel the campus plan.

This has started a debate about corporate subsidies and concerns about how Amazon's decision would the rent of the area.

In addition to Amazon's decision to cancel its campus plan in Long Island City in New York, Amazon has also scaled back its expansion plan in its hometown Seattle.

Source: https://www.bbc.com/news/business-47420475