Just a few before the presidential and parliamentary elections in Turkey, the country’s central bank announced a sharp rise in the primary interest rate aimed at reigning in the rising rates of inflation and to stabilize the currency lira. The… Read More ›
Day: June 7, 2018
EU To Impose Tariffs On US Imports From July
The retaliatory import tariffs that has been announced to be imposed by the European Union on goods from the United States would be implemented from next month. The list of goods include a range of products from Harley-Davidson motorbikes to… Read More ›
Italian court suspends Telecom Italia’s $88 million fine
Having suspended the sentence, the Italian court has set July 24 as the next date of the hearing wherein it will pronounce the reasons for its judgment. In a significant development, an Italian court has suspended the $88 million (74.3… Read More ›
House of Fraser to shutdown; 6000 jobs at risk
British departmental stores, House of Fraser, having 56 stores and 2 outlets across the U.K., has proposed the closure of 31 of its stores as part of a restructuring plan. On Thursday, Britain’s House of Fraser said it has proposed… Read More ›
Love of French oak by Chinese millennials driving up exports
The love of French oak by Chinese millennials have place France at world no. 2 in oak log exports to China. Due to heightened demand of oak from China, especially from millennials who have developed a taste for high-quality wooden… Read More ›