Hottest News – 21 June 2018

Luxury

Wealthy Asians get richer fastest in the world

Most Expensive Car: 1962 Ferrari 250 GTO Auction Could Top $70 Million

Only top restaurant from Dubai - Zuma is out and many from Asia and even 1 from India (New Delhi) make it to the Top 100 restaurants in the world.

Osteria Francescana Is the Best Restaurant in the World, Again

Harrod’s : Take that! 20 storey luxury mall with over 1,000 top brands in the beautiful city of Xian, China.

Sybarite designs a 2.7 million-sq-ft luxury retail destination in China’s oldest city (20 storey luxury mall)

Trade War

The fact is that the US' poverty issue is rooted in an unequal distribution of wealth. However, the Trump administration isn't able to launch a domestic reform, and as a result intends to dredge for money from the outside world to meet domestic demands.

Trump's trade war will disrupt world economic order 

USD 84b deal cancelled by China. Bye bye America, no more Chinese billions for you! 

China Energy executives cancel West Virginia trip amid trade dispute

Mercedes is just the first to get hurt, hundreds of giant corporations especially from USA and Europe will get hurt in the months ahead.

Daimler Becomes First to Predict Profit Hit on Trade War

China investments are ALREADY down 92% after a small drop in 2017. It has the potential to go negative, with sell outs, delistings and sale of US Treasuries, not to mention bans inside China on the likes of McDonald's, Starbucks and more. GM and Apple factories in China are having heart attacks. 

Some US citizens of Chinese origin are already stuck inside China and cannot leave, expect more such cases in the months ahead.

Korea paid the price for challenging China last year, now it is the turn of the American declining "empire".

China cuts US investments by 92% amid escalating trade war

India

China is eating India’s lunch around the world!

Historical friends of India have been lost in the last few years, with everyone signing agreement after agreement with China who were basically India’s vassal states for decades.

UK has put India in high risk for students while HK has canceled visa free entry.

Never mind what Russia and China have done with Pakistan plus Nepal and signed multiple strategic agreements for the first time in history.

Xi sells Seychelles on the seashore as Modi’s foreign policy lies in tatters

India Joins China, Europe in Hitting Back at Trump on Trade

Middle East

Middle Eastern local employees either will get fired in thousands or Govts will go bankrupt. Wonder which one happens first?

Or they can start accepting Chinese yuan (which will make USD collapse) so that their oil sales revenues and reserves can rise a bit.

A Ghost Army of Workers Is Paid to Do Nothing in the Gulf

Business

UK store closures are alarming for landlords, employees, private equity firms who own most of it and businessmen.

1,300 retail store closures and counting: tracking the high street's miserable start to 2018

Starbucks just tripled its store closures from 50 to 150 per annum!

Starbucks says it will close 150 stores next year

Australia is on a weekly firing spree of thousands across banking, telecom, tourism etc.

Telstra slashing 8,000 jobs to cut costs, but shares still slammed

Switzerland is on its downslide from banking to Nestle to watchmakers and now GE also firing employees in thousands!

General Electric to cut 1,200 jobs in Switzerland

UK cannot take breather from it's economic collapse. Retail stores to Jaguar to banks to shipping companies and now even Rolls Royce is firing thousands.

Rolls-Royce announces 4,600 job cuts

Only question is : When will Tesla shut down? 

Only if a dozen other companies were not launching their electric cars later in 2018, only if Tesla had made a single dollar of profit in 15 years, only if Tesla cars were not catching fire on a weekly basis (or having accidents on a monthly basis), only if Tesla had done a JV with some well known old car maker.....only if....

Tesla Flags Over 500 Job Cuts at California Headquarters, Plant

Who said Germans are not corrupt?

Audi Names Interim C.E.O. After Rupert Stadler Is Arrested

Bankers on their way to jail

Indian bankers are all headed to jail right from Chairman level downwards. The list is getting longer every passing month.

Bankers charged by investigative agencies

Bank Of Maharashtra Chairman Arrested in Rs.3,000 Crore Fake Loans Case

Irish are the same like other country's bankers and are also headed to jail from CEO level downwards.

The story of David Drumm: The bank that 'liked to party', the €24k drinks bill and the €7.2bn 'con'

Canada

Then we have utter failure as a PM of Canada who failed in his clownish trip to India. How could a failure fail?

'A complete and utter failure': Bill for Trudeau's blunder-filled India trip tops $1.5M