The newly empowered currency vigilantes are slated to get their latest chance to pounce by Italy’s constitutional referendum. The best way to express concern that Prime Minister Matteo Renzi’s reforms will become the latest victim of a rising populist mood… Read More ›
Month: November 2016
For post-Brexit Britain, this Week Seems to be Crucial
When the U.K.’s Chancellor Philip Hammond presents the government’s first “Autumn Statement” on the state of the economy after the Brexit vote, he will be in the spotlight on Wednesday. For clarity on what the government’s economic plans are after the decision to… Read More ›
Anticipating a Boom in Immigrant Detention Center, Private Prisons get a Boost from Trump
To house inmates serving federal sentences, it would stop contracting with private prisons, the U.S. Department of Justice issued a statement making the announcement in August. The stocks of Corrections Corporation of America, the world’s largest private prison company were… Read More ›
Greater Global Internet Curbs Impelled by Terrorism and Fake News, says China
A second wind in old fears – terrorism and fake news, has provided some flight to China’s ambitions to tighten up regulation of the Internet. Pointing to the ability of militants to organize online and the spread of false news… Read More ›
30,000 jobs at VW brand o be Cut by Volkswagen by 2020
In a compromise which leaves Volkswagen’s profitability still lagging rivals, the carmaker and its labor unions agreed to cut 30,000 jobs at the core VW brand. The company in turn committed to avoid forced redundancies in Germany until 2025. The… Read More ›
Demand for Bitcoin Boosted by India’s Rupee Restrictions
A renewed interest in bitcoin among India’s consumers has been sparked by Indian Prime Minister Narendra Modi’s decision to withdraw 500 and 1000 rupee notes from circulation. According to The Hindustan Times, sales volumes for bitcoin increased on several exchanges… Read More ›
Volkswagen restructures labour force for manufacturing electric cars
This strategic move, agreed by its powerful labour unions, will significantly boost its profitability, help it put dieselgate-related costs behind and more importantly, place it as a strong competitor in tomorrow’s burgeoning market of electric vehicles. As per a source… Read More ›
Toyota Motor testing Mirai fuel-cell vehicle in China
This is in response to Beijing pushing auto manufacturers to sell low-emission cars vide friendly regulations and incentives. Toyota Motor Corp has disclosed that it is in the process of testing its Mirai fuel-cell vehicle in China. As per Hiroji… Read More ›
Britain’s Three has been hacked, putting customer information at risk
Hackers were able to access Three’s upgrade database. The country’s data protection regulator had earlier fined the TalkTalk Telecom Group Plc with $496,200 for failing to secure handsets. One of Britain’s biggest mobile phone companies has been hacked. The Telegraph… Read More ›
A revision of NAFTA could put pressures on U.S. auto industry
Since 22 years, under NAFTA, the auto industry and their suppliers have worked as if there were no borders between Canada, U.S. and Mexico. If Donald Trump revisits the agreement and if Canadian manufacturers and exporters prioritize the U.S. over… Read More ›