Author Archives
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As Italian Vote Looms, Currency Vigilantes get Ready to Strike Again
The newly empowered currency vigilantes are slated to get their latest chance to pounce by Italy’s constitutional referendum. The best way to express concern that Prime Minister Matteo Renzi’s reforms will become the latest victim of a rising populist mood… Read More ›
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For post-Brexit Britain, this Week Seems to be Crucial
When the U.K.’s Chancellor Philip Hammond presents the government’s first “Autumn Statement” on the state of the economy after the Brexit vote, he will be in the spotlight on Wednesday. For clarity on what the government’s economic plans are after the decision to… Read More ›
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Anticipating a Boom in Immigrant Detention Center, Private Prisons get a Boost from Trump
To house inmates serving federal sentences, it would stop contracting with private prisons, the U.S. Department of Justice issued a statement making the announcement in August. The stocks of Corrections Corporation of America, the world’s largest private prison company were… Read More ›
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Greater Global Internet Curbs Impelled by Terrorism and Fake News, says China
A second wind in old fears – terrorism and fake news, has provided some flight to China’s ambitions to tighten up regulation of the Internet. Pointing to the ability of militants to organize online and the spread of false news… Read More ›
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30,000 jobs at VW brand o be Cut by Volkswagen by 2020
In a compromise which leaves Volkswagen’s profitability still lagging rivals, the carmaker and its labor unions agreed to cut 30,000 jobs at the core VW brand. The company in turn committed to avoid forced redundancies in Germany until 2025. The… Read More ›
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Demand for Bitcoin Boosted by India’s Rupee Restrictions
A renewed interest in bitcoin among India’s consumers has been sparked by Indian Prime Minister Narendra Modi’s decision to withdraw 500 and 1000 rupee notes from circulation. According to The Hindustan Times, sales volumes for bitcoin increased on several exchanges… Read More ›
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Last Year Cybercrime had Hit 54 Million Europeans
A report from Norton by Symantec has warned that many of the people in Europe ere complacent about cybercrime even as the report stated that more than 54 million Europeans were affected by cybercrime in the past year. The cybersecurity… Read More ›
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As Demand Picks up, a very Slow and Steady RecoverySeen in Global Shipping Industry
A market recovery in the shipping sector was signaled as the Baltic Dry Index (BDI) reached its highest level since August 2015. The Baltic Dry Index (BDI) is an indicator of the shipping costs for bulk commodities. With overcapacity bringing… Read More ›
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Hopes of OPEC Output Cut Helps Oil Prices Rise 2 Percent
Buoyed by rising optimism that OPEC will agree later this month to cut production to reduce a supply glut, oil prices rose around 2 percent on Tuesday and they bounced back from multi-month lows. After hitting a three-month low of… Read More ›
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Inflation to be Fueled by President-elect Trump’s Spending Plans and Gold Consequently to Get Boost
Gold could be helped in gaining price as there us expectations that inflation in the U.S. would rise due to President-elect Donald Trump’s plan to spend on big projects, said a fund manager on Tuesday. The prices of metals have already… Read More ›
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