If there is no free trade deal between the United Kingdom and the European Union by the end of the year, the car industry of the UK could lose 55.4 billion pounds ($74 billion) in tariffs by 2025, the Britain’s… Read More ›
Day: November 24, 2020
Covid-19 Impact: Zambia Becomes First African Nation To Default On Bonds Debt Servicing
The first African country to default on its debt in the Covid-19 era was Zambia which opted to leave a $42.5 million eurobond repayment last week. A key rating for Zambia was downgraded from CC to Restricted Default by Fitch… Read More ›
New Telecom Law Could Pose Fines Of 10% Of Revenues Of British Telcos For Using Huawei Equipment
A new law that was announced in the British parliament on Tuesday shows that large fines could be faced by British telecom companies if they are unable to tighten security in their networks. Enhancing the security in the 5G and… Read More ›
German exchange operator Deutsche Boerse toughen membership criteria, expand index to 40 companies
On Tuesday, in a statement German exchange operator Deutsche Boerse said, its blue-chip DAX index will expand from the current 30 companies to 40 and will include tougher membership criteria. The development comes in the wake of the Wirecard accounting… Read More ›
NATO, EU invites U.S. President-elect Joe Biden to rebuild transatlantic ties
In a significant development, top officials from the European Union as well as the head of NATO invited U.S. President-elect Joe Biden to rebuild transatlantic ties. Washington is set to meet its European allies in 2021. NATO Secretary General Jens… Read More ›
BlackRock Inc to acquire Aperio Group LLC for $1.05 billion
In a statement, BlackRock Inc, the world’s biggest asset manager said, it will acquire investment management services provider Aperio Group LLC from private equity firm Golden Gate Capital and Aperio employees for $1.05 billion. It expects the cash deal to… Read More ›
Willie Walsh to head global airline body IATA
With IAG CEO Alexandre de Juniac set to step down in March 2020, , IATA has picked Willie Walsh to become its Director General, said the global airline body in a statement. De Juniac, a former Air France-KLM CEO who… Read More ›
