The International Monetary Fund has warned that policy blunders of the central banks of the world have pushed the global economy to its weakest point since the global financial crisis of 2008 and the central banks are now wasting scarce… Read More ›
Day: October 17, 2019
China’s Huawei Not Completely Banned From Bidding In Germany’s 5G Network Building
Germany has effectively not banned Huawei, the Chinese tech giant and the largest manufacturer of telecommunications equipment in the world, from participating in the construction of 5G mobile networks in the country according to a draft proposal prepared by the… Read More ›
No-Deal Brexit Could Force Nissan To Write Off $740m
In the eventuality of the United Kingdom leaving the European Union without any deal which would be a worst case scenario, Japanese auto major Nissan Motor will stand to lose more than 80 billion yen or $737 million in asset… Read More ›
‘Tremendous Damage’ To Global Economy Can Be Done By ‘Addiction’ To Cheap Money
“Tremendous damage” will be done to the global economy in the long run because of the affinity of many central banks towards zero or negative interest rates, warned analysts and added that central banks all around the world are going… Read More ›
Britain clinches Brexit agreement
The keys to the deal lies with the DUP, which provides critical support to Johnson’s government. On Thursday, in a historic development, at the very last minute, Britain has managed to clinch a Brexit deal with the EU. However, British… Read More ›
Brexit deal close but not guaranteed: Jean-Baptiste Lemoyne
Yesterday, Northern Ireland’s Democratic Unionist Party stated it is not in a position to support the Brexit deal being proposed by British Prime Minister Boris Johnson and the European Union. On Thursday, French junior foreign affairs minister Jean-Baptiste Lemoyne disclosed,… Read More ›
Domino’s Pizza to exit from 4 international markets citing mounting losses
Sales in international markets have been down despite a turnaround plan. The decision to quit from these markets comes in the wake of the company announcing the retirement of its CEO Wild. On Thursday, Britain’s biggest pizza delivery company Domino’s… Read More ›
Weak consumption in China and India take a toll on Unilever’s sales during third quarter
60% of Unilever’s turnover come from emerging markets. Citing soft demand in two of its growth markets, China and India, consumer goods giant Unilever said its third quarter sales were weaker than expected, Emerging markets account for 60% of its… Read More ›
Qatar Airways ready to convert 10 orders from Boeing 777-8 to 777-9 based on its performance
Qatar Airways and Emirates are the only customers with firm orders for Boeing’s 777-8 model; its date of entry into service will partly depend on customer demand. On Thursday, according to a statement from the chief executive of Qatar Airways,… Read More ›
Bulgaria readu to double subsidies for Volkswagen’s new auto plant : Bulgarian Automotive Cluster
Romania has also initiated talks to lobby for the investment. Turkey’s military offensive in Syria is taking a toll on its economy: Bulgaria said, it is ready to offer more incentives to Volkswagen for it to build a new plant… Read More ›
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