According to analysis by the global rating agency Standard & Poor’s, there could be a prolonged recession in the British economy because of a possible rise in unemployment and a fall in the household income if the Theresa May government… Read More ›
Month: October 2018
13% Drop In Sale In Q3 For Jaguar Land Rover
Jaguar Land Rover reported third quarter losses because of a fall in the sale of its cars. Uncertainty in Europe over new diesel emission standards and Brexit, along with slowdown in sales in China was identified as the reasons for… Read More ›
China Manufacturing Growth Weakest In More Than Two Years
Amidst the escalation of the trade war with the United States, China’s manufacturing growth slowed for the month of October according to government statistics which is the second consecutive month of decline. While analysts and experts expected the manufacturing Purchasing… Read More ›
M&A In Global Insurance For H1 Highest Since The 2008-09 Financial Crisis
According to a report by Willis Towers Watson and Mergermarket, in the first six months of the current year, insurance mergers and acquisitions increased to 37 billion euros globally. There have been a number of mega deals which culminated in… Read More ›
Justice Department indictment shows Chinese intelligence officers wanting to steal U.S jet engine design
This indictment unsealed by the U.S. Justice Department de-hazes to some extent the stance the Trump Administration has taken vis-a-vis China and its accusations of violating U.S. intellectual property. A U.S. indictment unsealed on Tuesday reveals that intelligence officers from… Read More ›
Italy’s Q3 Economic Growth Zero, Eurozone Also Slows Down
There was no growth at all in the economy of Italy for the third quarter of the current year as all economic activity came to a virtual standstill during the quarter. This development in the country assumes importance because the… Read More ›
Higher Consumer Spending Helps Mastercard Beat Expected Q3 Earnings
An increase in the U.S. consumer spending has helped payment system companies such as Visa and PayPal Holdings to benefit in the third quarter just as Mastercard Inc. which reported better than expected earnings. $1.78 per share was the reported… Read More ›
U.S. to become “undisputed leader” for oil and gas in the next 5-10 years
Armed with improved recovery rates, innovative technology and financing, the U.S. has overtaken Saudi Arabia in crude oil production in September 2018 and is within reach of the world’s no. 1 crude oil producer – Russia. In a strategic development,… Read More ›
Australia to exclude telecom equipment suppliers with ties to foreign governments from its 5G market
Given that 5G will become a critical infrastructure since it will connect everything ranging from smart gadgets to automobiles, telecom equipment suppliers will be scrutinized for their ties to foreign governments. In what could possibly explain Australia’s move to ban… Read More ›
France and Italy signs military shipbuilding deal
French defense company Leonardo favors a joint venture with Italian defense shipbuilder Fincantieri for a military shipbuilding deal: Italian news agency Corriere della Sera. As per a report from Italian news agency Corriere della Sera, the joint venture that has… Read More ›
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