Shares of precious metal mining companies have however extended their previous week’s upward trend. In the wake of Britain’s historic referendum which has created seismic shocks for economies around the world, share prices in Britain have tumbled even lower thus… Read More ›
Day: June 27, 2016
Access to EU’s single market, ala Swiss Swiss Style isn’t automatic – French Foreign Minister
Before the negotiations begin, the British need to be clear what they want and who will represent the country in its talk with the EU. Jean-Marc Ayrault, France’s Foreign Minister has stated that Britain needs to decide who will represent… Read More ›
New Bank’s Greater Understanding of Developing World Backed by China
Since the Asian Infrastructure Investment Bank (AIIB) has a greater understanding of the developing world’s needs, this China-led bank will be different from institutions like the World Bank. This confidence filled message was conveyed by the officials of the bank… Read More ›
Goldman Sachs downgrades global growth forecasts, says UK Recession Likely in 2017
Goldman Sachs economists wrote in a report released Sunday that following its vote leave the European Union (EU), the U.K. is likely to enter a “mild recession” by early 2017. The global growth forecast was also downgraded by 0.1 percentage point… Read More ›
Boris Johnson sees UK accessing EU single market while maintaining its own immigration and trade policy
Although Boris Johnson has waged a strong battle for an independent Britain, before Brexit happened, no plans have been outlaid as to how to mitigate the aftershocks and move ahead as an independent nation. With Scotland preferring to remain with… Read More ›
SEC files lawsuit against Chris Faulkner and his companies
According to the charges filed by the SEC, Faulkner’s inflated projections drew in large investors. He used the money for personal gratification, including visit to strip clubs and private escort services. His companies have inflated their revenues and have little… Read More ›
Economists at Goldman Sach’s see Brexit impacting Britain’s GDP and economic growth
Brexit has not only made Britain’s GDP weaker, the referendum’s aftershocks have brought about a sense of uncertainty over the global financial system. Furthermore, if Scotland decides to stick with EU, Britain may not be the same ever again. Goldman… Read More ›