Since the private survey adds fuel to fears that the U.S.-China trade war, which is deeply hurting Beijing which for years have exploited western technologies and economic policies to its benefits, is hurting the U.S. economy, one will have to… Read More ›
Month: August 2019
BNP Paribas to cut 500 jobs in France over the next 3 years
The job cuts will be routed through voluntary redundancies with employees having the option to relocate to other posts in Portugal. In a statement, BNP Paribas disclosed, it would cut nearly 500 jobs in France from its securities services business…. Read More ›
No time to renegotiate complete Brexit – Macron to Johnson
While Brexiters have acknowledged that a no-deal Brexit will significantly impact the country’s economy they however argue that this disruption will not last long and that UK will be free to chart its own course and make trade deals with… Read More ›
Wells Fargo settles Navajo Nation lawsuit with $6.5 million
Wells Fargo “predatory and unlawful practices” continues to haunt the bank. The scandal saw two CEOs leave the bank. Wells Fargo is still looking for a CEO. According to a statement from the Navajo Nation, a Native American tribe, Wells… Read More ›
Deutsche Bank pays $16 million settlement for non-compliance to U.S. corruption laws
Deutsche Bank has now taken several remedial measures to mitigate the issues revolving around its hiring practices and internal accounting controls. In a statement the Securities and Exchange Commission (SEC) stated, Deutsche Bank has agreed to pay more than $16… Read More ›
Sluggish European Market Forces Investment Rethink By Norway For Its $1 Trillion Fund
The largest sovereign wealth fund of the world, the $1-trillion-plus fund of Norway, is reportedly contemplating to create a balance in of its investments with a spread between Europe, Asia and the Americas, according to reports quoting senior officials. The… Read More ›
Commercial Flying Rules For Drones To Be Formulated By Japan
A streamlined registry policy for drones is set to be put in place by the Japanese government around 2022 which would be the path for the use of drones for more commercial purposes such as using them in residential deliveries…. Read More ›
UK Tech Start-Ups Receive Record FDI In First 7 Months Of The Year
According to research data, in the first seven months of this year, a record £5.5bn in foreign investment was attracted by the tech industry of the United Kingdom. The Department of Digital, Culture, Media and Sport said that the investment… Read More ›
Tariffs Not Effective To Set Trade Imbalances Right, Says IMF
While it could be tempting to implement a strategy to make Chinese imports cheaper by making the US dollar stronger so that the higher costs because of the United States sanctions are offset, the global presence of the US dollar… Read More ›
Alibaba Group Holding postpones Hong Kong listing midst growing unrest
Following a growing wave of anti-China protests in Hong Kong, Alibaba is weighing a delay in the listing in the Hong Kong Stock Exchange which has not only shut down its airport but has also captivated the world. According to… Read More ›