In a statement the Bill & Melinda Gates Foundation stated, its Chief Executive Sue Desmond-Hellmann will be stepping down after more than five years, and Mark Suzman will be replacing her. Desmond-Hellmann stated, she was stepping down from the Gates… Read More ›
Economy & Finance
New Legal Challenge Against US Ban Filed By Huawei
The decision by the regulators of the United States to classify the Chinese telecoms giant Huawei as a national security threat has been challenged in a court in the country. This development came after the decision of the US Federal… Read More ›
FCA facing $1.5 billion tax demand from Italian tax authorities
Fiat Chrysler Automobiles (FCA) has decided it will appeal Italy’s tax authority statement which says that the carmaker had underestimated the value of its U.S. business after it bought Chrysler. As per a source close to the matter at hand,… Read More ›
UAE private sector growth touch 10-year nadir
As per the results of a survey unveiled on Thursday, growth in the United Arab Emirates’ non-oil private sector slumped to its 10-year low in November. The seasonally adjusted IHS Markit UAE Purchasing Managers’ Index (PMI), which includes manufacturing and… Read More ›
Norwegian economy to grow at 2.4% in 2020: Statistics Norway
On Thursday, Oslo’s statistical agency Statistics Norway (SSB) stated, Norway’s mainland economy, which excludes the volatile oil and shipping sectors, is likely to grow by 2.4% in 2020, up from a 2.2% prediction in September. In a statement, it said… Read More ›
Better Than Expected Performance Of Brazilian Economy In Third Quarter
Latin America’s largest country Brazil’s economy rebounded with an expansion in eth third quarter to an extent that beat analysts’ expectations in the third quarter with a 0.6 per cent growth in its GDP. This also raised hopes of a… Read More ›
U.S. adds fortitude to U.S.-China relations with passage of Uighur Act of 2019
In a development that signals further delays towards resolving the U.S.-China trade war, the U.S. House of Representatives has overwhelmingly voted a bill that requires U.S. President Donald Trump to toughen its response to China’s genocide of its Muslim minorities…. Read More ›
Trade deal with China will have to wait till Nov. 2020
The U.S.-China trade war is likely to drag till at least the U.S. presidential election in November 2020. “I have no deadline, no,” said Trump to reporters in London, where he was due to attend a meeting of NATO leaders…. Read More ›
Study Claims Wealth Of Six Richest Britons Same A Poorest 13m
According to a new research into the increasing wealth inequality in the British society, the total wealth that is owned by the poorest 13 million is the same as that held by the six richest people in the United Kingdom…. Read More ›
Japan readying a $120 billion stimulus package
On Tuesday, according to two government officials with direct knowledge of the matter at hand, Japan is preparing an economic stimulus package worth $120 billion to support its weak economic growth. “The spending will be earmarked in a supplementary budget… Read More ›