The British manufacturing industry along with its financial and banking sector is likely to bear the brunt of a hard Brexit strategy. Today, British manufacturers have told Prime Minister Theresa May, it would be prudent to drop the threat of… Read More ›
Month: March 2017
After Brexit, Chocolate Could Get Smaller, Cadbury Says
Even while committing to stay in Britain after Brexitt, the size of its products could be shrunk or the prices could be raised after Brexit, Cadbury has said. the country would still be the “home of chocolate manufacturing” and the… Read More ›
Pwc Study Says At Risk Of Being Replaced By Robots Are Millions Of UK Workers
As the automation of routine tasks gathers pace in a new machine age, more than 10 million UK workers are at high risk of being replaced by robots within 15 years, suggests a new report. Due to breakthroughs in artificial… Read More ›
The EU Vote That Could Open Te Door To Russia Is Under-The-Radar
One vote that promises to strengthen Russia’s foothold in the European Union, has escaped the glare as eyes are fixed on populist threats in other European Union elections. To benefit voters who feel let down by the bloc a decade after membership, they’ll… Read More ›
ECB Warns Brexit Is A ‘Major Risk’ For Euro Zone Banks Still Not Profitable Enough
Amidst the risks that are faced by many European banks and indeed the entire sector faces, banks need to boost their profitability and business models, waned the European Central Bank on Thursday. In its annual report on supervisory activities, the… Read More ›
Fund managers migrating funds to emerging markets midst U.S. interest rate hikes
Emerging economies are seen as having a better economy and ability to pay, thus the migration in funds. Thanks to the rise of short term interest rates in the U.S, bond fund managers are increasingly migrating towards debt markets in… Read More ›
Amazon wins $1.5 billion tax case with IRS, negatively skews its domestic and European tax profile
With the judgement of the case being delivered less than a week before the end of the coming financial year, its tax profiles could be significantly affected. In a significant win for Amazon.com Inc, the world’s biggest online retailer has… Read More ›
Twitter exploring subscription revenue model
Twitter could push a subscription model for its Tweetdeck interface for professionals. Twitter Inc is deliberating whether it to build a version of its Tweetdeck interfaced aimed at professionals, thus raising the possibility of collecting subscription fees for its services…. Read More ›
U.S. infrastructure stocks slide after weaknesses appear in Trump trade
After the November 8 U.S. elections, the U.S. stock market witnessed a bull run pumped up by Trump’s pro infrastructure promises. But with the Republicans not managing to repeal the Affordable Healthcare Act despite their majority, the shares of infrastructure… Read More ›
ZTE pleads guilty to violating U.S. sanctions
The Chinese company had made elaborate plans to hide its illegal activities. Only after the U.S. Department of Commerce threatened to cut off its global supply chain having presented ZTE evidence of its illegal activities did the company agree to… Read More ›