The British government has forecast there will be 6 billion fewer bags in circulation and a boost to the environment, thanks to a 5 pence (6 cent) charge on single-use plastic grocery bags in the U.K. “Taking six billion plastic… Read More ›
Day: August 3, 2016
South Korea suspends sale of most VW models
The move could hit VW hard since South Korea was one of its major market for its luxury brands, including Bentley and Audi. In a fresh blow to embattled car manufacturer VW, South Korea has suspended the sales of 32… Read More ›
Britain staring at recession and a cut in interest rates
Although surveys have painted a gloomy picture of the British economy, British finance minister has downplayed their results saying these are gauging only sentiments and not manufacturing activity. According to surveys, Britain appears to be headed for a recession. British… Read More ›
Bank of America warns Brexit could have adverse impact on its operations
The terms of Britain’s exit from the bloc are going to be crucial for most notable players in the region. Bank of America Corp has disclosed that its results and businesses are likely to be adversely affected since it may… Read More ›