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Trump vs Biden: The First US Presidential debate 2020

30Sep By AnkitaNo Comments

USA

Trump vs Biden: The First US Presidential debate 2020

Washington, 30th Sept 2020: During the first of the three presidential debates in Cleveland, Ohio, Trump and Biden clashed over each other's personality, past record, family, and their visions. Democratic challenger Joe Biden on Wednesday termed President Donald Trump a "liar" and a "clown" as the pair clashed in a fiery start to their first presidential debate. "The fact is that everything he's (Trump) saying so far is simply a lie. I'm not here to call out his lies. Everybody knows he's a liar," Biden said. Responding to the jibe, Trump said Biden is a liar and graduated last in his class. Attacking Trump over the handling of the coronavirus, Biden said the president has lied to Americans on the COVID-19 issue. While on the market point of view, the US presidential d...

Bloomberg Smashes Campaign Spending Record

22Feb By AnkitaNo Comments

USA

Bloomberg Smashes Campaign Spending Record

AFP, Washington: Presidential hopeful Michael Bloomberg, the multi-billionaire former mayor of New York has shattered the record for campaign advertising, spending a staggering $364.3 million and counting, an ad tracker said Friday. The unprecedented amount recently surpassed the previous record spending by Barack Obama's campaign during his entire 2012 re-election effort, Advertising Analytics reported. "Bloomberg surpassed Obama's 2012 spending record of $338.3M, making him the highest spending candidate of all time," the non-partisan group said in a newsletter. The figures include only those for traditional broadcast advertising on television and radio. Bloomberg, seeking the Democratic Party nomination, is also far ahead in digital advertising, and spent $14.5 million on F...

Bloomberg would sell Media business if elected US President

19Feb By PriyankaNo Comments

USA

Bloomberg would sell Media business if elected US President

Mike Bloomberg would sell the media and other businesses he created in the 1980s which bears his name and made him a multibillionaire if he is elected US president, a top adviser has said. Bloomberg would put Bloomberg LP into a blind trust, and the trustee would then sell the company, adviser Tim O'Brien said Tuesday. Proceeds from the sale would go to Bloomberg Philanthropies, the charitable giving arm that funds causes from climate change to public health and grants for American cities. The only restriction Bloomberg would put on the sale is that it not be sold to a foreign buyer or a private equity company, O'Brien said. Bloomberg, a Democrat, is currently chief executive of the company. "We want to be 180 degrees apart from Donald Trump around financial conflicts of interest...

Trump threatens China of additional $200 bn Tariffs on Goods

19Jun By Lavina TolaniNo Comments

USA

Trump threatens China of additional $200 bn Tariffs on Goods

While the US-China Trade battle is heating over every day, President Donald Trump on Monday has threatened to impose tariffs on an additional $200 bn of Chinese goods amidst growing conflicts. The White House has said that if China is found going against its promise to retaliate against US tariffs announced last week, US will impose additional tariffs of worth 200 bn dollars on Chinese goods. In a statement that released Monday morning, Trump said, Further action must be taken to encourage China to change its unfair practices, open its market to United States goods, and accept a more balanced trade relationship with the United States. He also said that China has no intention of altering its unfair trade practices and is now threatening US companies workers and farmers who have done...

U.S President Lashes Out at Amazon for paying “No-Taxes”

30Mar By Lavina TolaniNo Comments

USA

U.S President Lashes Out at Amazon for paying “No-Taxes”

US President Donald Trump slammed American e-commerce and cloud based company "Amazon" for paying "no-taxes" to local and state government and is reportedly seeking for more stringent regulations on the Seattle-based company, which is currently a global name all over the world, including India. In his tweet posted on Thursday morning, Trump directed his aim over Amazon stating how the company plays immense role on people's everyday's life, where they shop and how the company garners taxes from sales and delivers packages to its customers. I have stated my concerns long before the elections. Unlike other company, Amazon pays very little or absolutely no taxes to local and state government.Moreover, it uses country's postal system as their delivery boy(causing tremendous loss to the US) ...

Trade War between America and China Officially Begins

23Mar By Sheldan RungasamyNo Comments

USA

Trade War between America and China Officially Begins

US President Donald Trump went ahead with his trade war despite China’s advice to abandon the move. However, Donald Trump turned a deaf ear to the Chinese government and imposed tariffs of $60 billion on Chinese imports to serve as punishment for what US President considers to be “unfair” appropriation of American intellectual property. A move that will surely add more tension on an already 'not-very-friendly' trade relations between the two biggest economies of the world. The Cause of Conflict Trump advised the US trade representative to set up the tariffs to almost $60 billion worth of Chinese imports after a probe of seven months into the intellectual property theft, which has been a sensitive issue in the US-China trade relations. "We have a tremendous intellectual prope...

Donald Trump’s Forbes Ranking Drops by 200 places

7Mar By Sheldan RungasamyNo Comments

USA

Donald Trump’s Forbes Ranking Drops by 200 places

President of United States Donald Trump has seen a significant drop on Forbes list of the wealthiest people in the world. The business mogul plummeted down more than 200 places in the famous magazine’s list after losing around $400 million in his net worth since last year. He is currently ranked 766th while he stood at the 544th place in last year’s standings. Forbes attributed his drop to “a tough New York real estate market, particularly for retail locations; a costly lawsuit and an expensive presidential campaign.” Moreover, President Donald Trump lost a billion US dollars in net worth in 2017. Trump Tower, the President’s New York home, lost around $41 million in value in 2017. He is also losing a longtime renter on his 65,000 square-foot property on 6 East 57th Street. as tenant...

Nadella Congratulates Trump; Looks Forward to Work With Him

11Nov By NitishNo Comments

Entrepreneurs Talk

Nadella Congratulates Trump; Looks Forward to Work With Him

Tech giant Microsoft's India-born CEO Satya Nadella has congratulated US President- elect Donald Trump and said he looks forward to working with all those elected in the general election. "Yesterday, we witnessed the democratic process in action here in the US. The results are of importance around the world, and I know that interest is shared among Microsoft employees," Nadella, 49, wrote on Microsoft-owned professional networking site LinkedIn yesterday. "We congratulate the president-elect, and look forward to working with all those elected yesterday. Our commitment to our mission and values are steadfast, and in particular fostering a diverse and inclusive culture," he said. In a stunning result, Trump yesterday beat seasoned politician and Hillary Clinton in the knife-edge ...