Author Archives
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Special U.K. Access to EU Single Market Doubted by Merkel
Claiming that allowing exemptions to EU rules on migration would lead to a free-for-all across the bloc, German Chancellor Angela Merkel signaled a growing reluctance to grant any special trade relations to the U.K. once it leaves the European Union…. Read More ›
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IMF Warns of Ballooning Global Debt Reaching a All-time High of $152 Trillion
Sitting at more than double the balance at the start of this century, the world is awash with $152 trillion dollars of debt which is at an all-time high, according to the IMF. This debt mountain signifies the extent to which increases in borrowing have… Read More ›
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Saying ‘This Can’t Go On Anymore’, May Takes Swipe at Business
“Elites” and business leaders in the UK should end abusive work practices and pay their taxes because “change has got to come” to Britain. This was the message from the British Prime Minister Theresa May as she took a swipe… Read More ›
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Compared to Metals, Coal, Oil and Gas would Rebound Faster, says BHP
As BHP Billiton Ltd. considers potential acquisitions and weighs as much as $5 billion in project spending, the company sees oil and gas markets rebounding faster than its mined commodities. Recovering oil prices and efforts to lower costs are making… Read More ›
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Second Fund of 500 Startups Aims Investments in South East Asia
A second fund will be used for funding startup ventures in Southeast Asia by 500 Startups, the venture firm that successfully backed ride-hailing startup Grab. Managing Partner Khailee Ng plans to invest in 200 seed-stage companies through the $50 million Durian… Read More ›
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After Brexit Break, U.K. Reboots $20 Billion Sale of Mortgages
The process of the sale of as much as 15.7 billion pounds ($20 billion) of Bradford & Bingley mortgages which paused in the wake of the Brexit vote is being restarted by the British government. According to three people with… Read More ›
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Opposition Leader Claims Two Years of Economic Gains Lost Due to Far-Left Government
While the leader of the country’s main opposition party called for snap elections, he also said that the leftist Syriza government has set Greece’s economy back two years. “We are ready to win the election and we are ready to… Read More ›
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Brexit Must be Fair for all, says Jaguar Land Rover, After Nissan Ultimatum
If Nissan gets a Brexit compensation deal then other automakers would need a level playing field, Britain’s biggest carmaker Jaguar Land Rover said that it will “realign its thinking” on investment after Britain’s vote to leave the EU. Signs that… Read More ›
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Ferrari’s Sold-Out $2.1 Million Aperta Underpins Growth Push
Underscoring the marque’s allure even as the former unit of Fiat Chrysler Automobiles NV widens its line-up with more affordable models, Ferrari NV sold out a $2.1 million open-top version of its LaFerrari supercar before its public debut. Te Paris show… Read More ›
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South Korean Economy Weigh Down by Hyundai’s Largest ever Labor Strike
While it is no stranger to worker strikes, but alarm bells are rising at Hyundai Motor, the world’s fifth-largest automaker, by the current episode—its biggest ever. Over demands for wage increases, a first nationwide, full-day walkout in 12 years on… Read More ›