After Brexit with a disconnected Britain peering for a major trading partner, Donald Trump aims to fill that void with U.S. manufactured goods. U.S. President-elect Donald Trump has shot off yet salvo, saying ultimately Brexit will turn out to be… Read More ›
Month: January 2017
Essilor’s 46 billion euro merger with Luxottica creates ripples in the global eyewear market
The combined company will be headquartered in Paris and will be listed in the Paris Stock Exchange. As per two sources familiar with the knowledge at hand, France’s Essilor and Italy’s Luxottica have agreed to combine forces in order to… Read More ›
Allianz scouring Europe and U.S. insurance market for potential takeovers
Potential European targets include Swiss insurance giant Zurich. German news daily, Sueddeutsche Zeitung has reported that insurance giant, Allianz is scouring the U.S. market for potential takeovers of big companies. “Only a big takeover would help us. Buying smaller companies… Read More ›
Times Reports by Leaving EU Market, May to Seek Hard Brexit
The Sunday Times reported that by saying she’s willing to quit the European Union’s single market for goods and services to regain control of Britain’s borders and laws, U.K. Prime Minister Theresa May will this week signal plans for a… Read More ›
Davos Elite Bets on Climate Change Ignoring Trump’s Skepticism,
The captains of business and finance gathered in Davos this week will spend a lot of time talking about climate change — and how to make money from it, despite the change of political weather in Washington. Donald Trump has… Read More ›
Robusta Beans Lead to Supply Shortage in World Coffee Market
Even as the output of robusta, the lower quality bean, sliding to a level not seen since 2012, analysts and experts predict that the supply shortage in the world’s coffee market is forecast to continue for a third consecutive year…. Read More ›
Proposal for ‘Container Pods’ for Staff Accommodation by WEF Forced by Swelling Davos Crowds
As a solution to the growing accommodation crunch, the organizers of the World Economic Forum are being forced to consider housing some staff in temporary ‘container pods’ due to the rising crowds descending on the event’s annual summit in Davos… Read More ›
HSBC Says, as Demonetization Effect Ebbs, India Set To Be Asia’s Standout Economy
According to a new report from HSBC, as the growth outlook for the broader Asian region looks challenging due to subdued trade, tighter financial conditions and weak capital expenditure, India is expected to be one of region’s standout performers this… Read More ›
Under OPEC Quota, Saudi Oil Output Drops Close to Two-Year Low
Saudi Arabia will consider renewing its pledge to cut crude output in six months, and its Energy Minister Khalid Al-Falih said that the kingdom has reduced oil production to less than 10 million barrels a day, below its targeted level. Currently,… Read More ›
France’s Macron says Euro May Not Exist in 10 Years
French presidential candidate Emmanuel Macron has said that if Paris and Berlin fail to bolster the single currency union, the euro may not exist in 10 years’ time. However at the expense of weaker member states, the current system benefited Germany,… Read More ›