It all comes down to whether Irish Prime Minister Leo Varadkar is open for further negotiations. According to a report from the Spectator citing a contact in Downing Street, the British government is preparing to end Brexit negotiations by this… Read More ›
Economy & Finance
U.S. Commerce Department places Hikvision and other Chinese companies and public security bureaus on trade blacklist
The move will significantly impact the operations and earnings of dozens of Chinese companies including Megvii Technology Ltd, SenseTime Group Ltd and Chinese public security bureaus and sets the tone for U.S.-China trade negotiations.
Japan Implements Sales Tax Hike Despite Fears Of Hit On Consumer Spending
Despite concerns that increasing sales tax would have an adverse impact on the domestic economy, Japan has stuck to its earlier announcement of increasing consumption tax on goods for the first time in the last five years. The decision had… Read More ›
Jobs And Global Living Standards Threatened By Tariffs, WTO Says
While slashing its forecast for growth in global trade for the entire of 2019, the World Trade Organization also issued a warning against a threat to loss of jobs and a drop in living standards because of the outbreak of… Read More ›
Vietnam imposes anti-dumping tariffs on Chinese aluminum products
Vietnam is also cracking down on Chinese export products that are mislabelled as “Made in Vietnam” in order to avoid U.S. tariffs on products made in China. Following an investigation which was launched in January 2019, which found that Chinese… Read More ›
Chevron Corp’s shale oil game plan
Whereas other shale oil companies have failed to deliver returns demanded by investors, Chevron Corp’s strategy has paid off well. U.S. oil giant Chevron Corp is turning to drilling alliances and joint ventures in its bid to dominate the Permian… Read More ›
U.S. escalates trade row with the EU: imposes 25% tariffs on alcohol products, Italian cheese, etc
These new tariffs are likely to significantly impact numerous U.S. small and medium sized family businesses which import these European goods into the United States. In a significant development that sees a further escalation of the U.S.-EU trade war, the… Read More ›
Global fiscal crisis poses biggest threat to global economy: World Economic Forum survey
Here is the result of the WEF’s Executive Opinion Survey. According to the results of a survey by the World Economic Forum which was published on Tuesday, the possibility of a fiscal crisis at the world stage is the biggest… Read More ›
Franklin Templeton’s K2 Advisors expands its footprint in Europe
Franklin Templeton has launched a new fund range in Luxembourg which provides local investors access to U.S. based fund managers. In a significant development, asset manager Franklin Templeton disclosed, following the launch of a new fund range in Luxembourg, it… Read More ›
‘Risk Of Further Attacks’ Forces Fitch To Downgrade Credit Rating Of Saudi Arabia
The latest geopolitical risks in the Gulf and Middle East and increasing concerns about the safety and security of the economic infrastructure of Saudi Arabia has forced major ratings agency to bring down a notch the generally strong credit rating… Read More ›