Author Archives
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Tesla’s Musk’s 100 Day Promise Upheld, Construction Of The World’s Largest Lithium Ion Battery Completed
The South Australian government has announced that the world’s largest lithium ion battery has already been constructed by Tesla and that battery is all set to be put to use and switch the battery packs on. This also marks the… Read More ›
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November Sees Surprise Increase In Eurozone Manufacturing And Services PMIs
The low growth of manufacturing sector in the U.K. was set off by a strengthening of the ‘Euroboom’ as the eurozone manufacturing and services sentiment touched a new six-year year which also helped in pushing up the single currency higher…. Read More ›
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Living Standards In U.K. To Face The Longest Fall Ever Since Records Were Kept
Britain’s outlook for economic growth was axed by the U.K.’s fiscal watchdog, following which a warning about the longest fall in living standards since records began 60 years ago for Britons is on course, was issued. Compared to what the… Read More ›
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Weak And Uncertain UK Economy Overshadows Thomas Cook Results
The annual results of travel global travel company Thomas Cook have been negatively impacted by the uncertainty and problems in the United Kingdom which is also the biggest market of the operator, even though the company was well on track… Read More ›
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Closing In On Facebook And Amazon, Chinese Tech Giant Tencent Crosses The $500 Billion Valuation Mark
Tencent became the first Asian company t hit a valuation of more than $500 billion as it hit a record high earlier in the week. Closing in on the tech firms like Facebook and Amazon in terms of market valuation,… Read More ›
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Hacking Of $31 Million Cryptocurrency Peer Tether Results In Fall In Bitcoin
Just a day after hitting an all-time record and passing the $8000 mark, a $31 million theft of a cryptocurrency peer saw the cryptocurrency slip down from the record value as fears about the security of the virtual currency resurfaced… Read More ›
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h In The UK Touches It Highest Level Since 1988
Even though uncertainty over Brexit and the negotiations over the U.K.’s exit from the EU has hold back investments from the industry, the weak pound has assisted in driving up export demands which has led to the growth of in… Read More ›
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Low Pay And Tough Conditions At Work Faced By Foreign Workers Lured To Australia
A recent survey in Australia found out that chronic underpayment by their employers was being faced by thousands of temporary foreign workers in Australia. The study results underscore the popular belief and the growing evidence that Australia is a place… Read More ›
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UK Christmas Sale Predicted To Be Down As Households Reported To Feel The Pinch
The spending by Britons on the occasion of Christmas would fall for the first time in real terms in about five years since 2012, estimated credit card firm Visa and a survey by data firm IHS Markit showed on Monday… Read More ›
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Despite Robust Economic Recovery, There Is Lack Of Durability In Inflation In Euro Area: ECB President
While primarily weak wage growth, which clearly indicated that there was a lack of durability of inflation, caused the underlying inflation trend to remain subdued in the euro area, there was clear improvement in the growth outlook for the euro… Read More ›
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