Even as the global price for fuel continues to be very low, the process of consolidation in the energy sector continued with ConocoPhillips agreeing on Monday to acquire the United States based shale oil producer Concho Resources in a deal… Read More ›
Day: October 19, 2020
UK Firms Told To Prepare For No-Deal Brexit As ‘Time Is Running Out’
Business in the United Kingdom are being asked to put in pace preparations for a no deal Brexit after the transition period ends at the end of the current year as a campaign to this effect says that “time is… Read More ›
Chinese Economy Grew At 4.9i% In The Third Quarter
According to data from the National Bureau of Statistics of HCina, the country has managed to stage a recovery from the economic impact of the novel coronavirus pandemic during the third quarter. A year on year GDP growth of 4.9… Read More ›
Major Economic Upset Can Result From ‘Thin’ EU Deal Being Sought By UK: Experts
According to the former boss of the Brexit department, Britain’s ability to trade will be faced with a “dead weight” because of the narrow EU deal sought by Boris Johnson. There are concerns that Britain is not at all prepared… Read More ›
Swiss EV startup Piëch Automotive AG hires former CEO of VW & Porsche
On Monday, in a statement, Swiss electric car startup Piëch Automotive AG stated, it has appointed the former CEO of Porsche and Volkswagen, Matthias Mueller, as its new chairman. Incidentally, Piëch Automotive is founded by Anton Piëch, who is the… Read More ›
New Export-Control Law Passed By China After Restrictive Steps By US
The Chinese government would now be able to act against those countries that abuse export controls to cause harm to the economic interests of China by passing a new law that will allow the government to restrict exports of controlled… Read More ›
ECB’s Panetta Says Euro Zone Recovery Delay Risk Due To Second Pandemic Wave
The recovery of the euro zone from the deep recession could be derailed in the event of a large second wave of the novel coronavirus pandemic which makes it more important to announce ultra-easy monetary policy, said Fabio Panetta, a… Read More ›