Amidst growing concerns about the possibility that an agreement on Brexit would not be reached between the UK and the EU, suggestions that the Brexit negotiations could be extended beyond 2019 was made by Ireland’s Foreign Minister Simon Coveney. The… Read More ›
Month: July 2018
European Airlines File Complaint With Brussels Against France
A complaint with the European Union against France have been submitted jointly by British Airways’ parent company IAG and budget carriers Ryanair, easyJet and Wizz Air in relation to the continuing strike by the air traffic controllers in the country. The principle… Read More ›
$12bn Trade War Bailout For US Farmers Announced By Trump Administration
A $12bn plan aimed at helping the US farmers who are hurt by the escalating trade was unveiled by the Trump administration. In the wake to various countries raising import taxes for US products such as soybeans in retaliation to… Read More ›
€6,000 For Every Migrant Taken In by EU Member Offered By European Commission
The expenses of taking in of migrants into countries from boats that arrive on the Mediterranean would be shouldered by the European Commission. The commission hopes that this would entice countries to accept migrants coming into Europe after the new… Read More ›
EU readies tariffs worth $20 billion on U.S. goods
In the event of negotiations going south, the EU has a backup plan. On Wednesday, EU trade commissioner Cecilia Malmstrom, told Swedish newspaper Dagens Nyheter that in the event the United States imposes trade tariffs on cars imported from the… Read More ›
UK’s finance sector to dodge Brexit bullet: John McFarlane
John McFarlane, chairman of the lobby group The CityUK, remains optimistic despite the prevailing gloom and the lack of clarity surrounding UK’s Brexit strategy. Britain is home to the world’s biggest banks is also the largest insurance market in the… Read More ›
The EU and the US looking to avert a trade war
While Trump has set a sour mood for the meeting set for later today, by going into a trade war with the European Union, Washington would be opening a second front – a strategic mistake. In his signature move, U.S…. Read More ›
Us$73.6 Billion Cash Injection By Beijing To Boost Economy
While the trade tensions with the United States appear to be escalating and scandal rocks the pharma sector, the Chinese government is attempting to lift its economy by the announcement of a series of new measures. Following this, the markets… Read More ›
EU’s Record Fine Of €4.3bn Shrugged Off By Alphabet in Second Quarter Results
The shares of Google’s parent company Alphabet were set on course to achieve an all time high after the company reported very encouraging second-quarter results and surpassed Wall Street expectations. Nearly two thirds of the profit of the company was… Read More ›
Bike Sharing Sector Being Held Back By ‘Poor Strategies’: Expert
According to a business school professor, bike sharing business could become less profitable for companies because of a shortage of brand loyalty, poor consumer behaviors and faults in prediction of future regulations. The comments were made in connection to the… Read More ›