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• Bank of England will pump in money in case of no-deal Brexit: Richard Harrington

  By admin1 on February 20, 2019 • ( 0 )

  

  Richard Harrington, Britain’s junior business minister expects parliament to take charge in the event of a cliff hanger Brexit. Britain’s junior business minister Richard Harrington stated, the Bank of England may have to step in to pump in money into… Read More ›

• Germany will tighten security standards before 5G auction in March

  By admin1 on February 20, 2019 • ( 0 )

  

  Germany will not take a hasty decision vis-a-vis Huawei, said a source. As per a source from the German government, it is unlikely that the German goverment will take a quick decision on whether to allow emabattled Chinese telecom equipment… Read More ›

• India exempts small startups from angel tax to promote growth and jobs

  By admin1 on February 20, 2019 • ( 0 )

  

  The government has raised the investment threshold to 250 million rupees, up from 100 million rupees, on which tax exemptions can be availed. In a strategic move, India eased tax pressures for a new genre of businesses and exempt them… Read More ›

• Chanel’s deputy artistic director to succeed Karl Lagerfeld

  By admin1 on February 20, 2019 • ( 0 )

  

  Karl Lagerfeld, 85, died earlier on Tuesday. Virginie Viard, deputy artistic director of Chanel, will succeed Karl Lagerfeld at Chanel following his demise on Tuesday, said a source at Chanel. Lagerfeld, 85, died on Tuesday following a short illness. Lagerfeld… Read More ›

• Brexit will most probably get delayed: Jose Barroso non-executive chairman at Goldman Sachs

  By admin1 on February 20, 2019 • ( 0 )

  

  Given the lack of clarity and the chaos surrounding Brexit, the likelihood that Britain will ask for an extension and EU’s acceptance of it, is high opined Jose Barroso non-executive chairman at Goldman Sachs who was also a former president… Read More ›

• Italy commences discussions over GACS scheme renewal

  By admin1 on February 19, 2019 • ( 0 )

  

  Although risk premiums for the GACS scheme are pricey for the Italian government, but given its size of 100 billion euros, the Italian government is likely to be hard pressed on ways to significantly trim it no matter how complicated… Read More ›

• Volkswagen wins appeal against plaintiff over diesel car affected by emission cheating scandal

  By admin1 on February 19, 2019 • ( 0 )

  

  It is very likely that the plaintiff, supported by Germany vocal consumer body MyRight, will appeal the verdict in Germany’s highest court – the BGH. A ruling by the BGH will be binding on the rest of the cases under… Read More ›

• London-based Euro Zone banks should be fully prepared for Brexit by March: ECB supervisory chief

  By admin1 on February 19, 2019 • ( 0 )

  

  Any pending supervisory concerns for the London-based banks relocation relocating to the Euro Zone will be addressed in the coming weeks. In a statement that essentially amounts to a call for action, European Central Bank supervisory chief Anrea Enria stated,… Read More ›

• Tariffs on EU auto exports to the U.S. could result in EU reneging on its purchase commitments from the U.S.

  By admin1 on February 19, 2019 • ( 0 )

  

  The head of the European Commission, Jean-Claude Juncker, stated, he had a deal with U.S. President Donald Trump which ensures that Washington will not impose tariffs on EU car exports to the U.S. for the time being. In a clear… Read More ›

• Brazil seeks $203.6 million in compensation for from EU for imposing tariffs on Brazilian steel

  By admin1 on February 19, 2019 • ( 0 )

  

  In the event the EU does not pay up, Brazil is likely to impose additional tariffs on hike up existing ones, including the one on powdered milk. Following the imposition of import tariffs by the European Union on Brazil, the… Read More ›