The talks will end on Friday. On Thursday, China’s state news agency Xinhua reported, the United States and China have begun high level trade negotiations in Beijing. The Chinese team is being led by Chinese Vice Premier Liu He while… Read More ›
Month: February 2019
NY fund manager pleads guilty to Belize airport scam
Brent Borland, 48, a principal at Borland Capital Group, has pleaded guilty to ripping off dozens of investors to the tune of $21.9 million. As per a statement from the U.S. Department of Justice, Brent Borland, 48, a NY-based investment… Read More ›
Economic Uncertainty Results In Drop In Optimism Among US Small Business Owners
According to a report by the National Federation of Independent Business (NFIB) of the United States, the uncertainty of the future of economic growth has resulted in the fall in optimism among small businesses in the US in the month… Read More ›
The EU Should Make More Brexit Concessions To The UK, Says German Think Tank
According to one of the better known German economic think tank, more concessions should be offered to the UK over Brexit. Steps should be taken to keep the “EU and the UK in a joint customs territory after 2020”, said… Read More ›
Ford relocating its production facilities to sites outside Britain
Manufacturing companies appear to be done with contingency plans. They are now doubling down on their alternative plan and moving their production out of Britain due to lack of clarity from Brexit. As per a report from The Times, Ford… Read More ›
Blackstone to sink in $150 million in Aaron Wertentheil’s hedge fund
The move underscores the strong confidence Blackstone has on Aaron Wertentheil. Competition for Blackstone’s seed funding is always fierce although critics say, the performance record of the seeder can be uneven no matter how thorough the due diligence. According to… Read More ›
Mitsubishi Hitachi Power Systems gains top spot for large high-efficiency gas turbines
Mitsubishi’s latest generation of gas turbines churn out the maximum amount of electricity per unit of fuel burned. As per sources familiar with the matter at hand, in 2018 General Electric Co managed to book the most orders for electricity-generating… Read More ›
Mike Pompeo warns U.S. allies on using Huawei’s telecom equipment
Mike Pompeo’s message was lucid: if Huawei is allowed to build its network in an allied country it would make it difficult for Washington to “partner alongside them”. In a significant development, U.S. Secretary of State Mike Pompeo issued a… Read More ›
Swiss telecom watchdog faults Swisscom for overcharging
The telecom regulator has reduced prices with retroactive effect for the 2013–2016 period. Swisscom is weighing its decision on filing an appeal with the federal administrative court. In a development that will bring cheers to consumers in Switzerland, the country’s… Read More ›
Renault’s chairman to meet Nissan’s CEO in Japan later this week
The planned meeting is aimed at renewing and strengthening the bonds of the alliance. On Tuesday, Japanese automaker Nissan stated, Renault’s chairman is slated to meet its CEO later this week in Japan. The development comes as both automakers are… Read More ›
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