The fears of a trickle down recessionary effect with it beginning at the top of the spending tree were stoked after reports emerged that the spending is being cut by the rich on everything from homes to jewelry. According to… Read More ›
Economy & Finance
Japan to increase scrutiny on foreign ownership of Japanese firms
Japan is taking steps to improve the monitoring of the ownership of its companies in industries which it considers as critical to its national security. According to two officials with knowledge of the matter at hand, Japanese officials are considering… Read More ›
Inverted yield curve pushes need for ultra-long bonds
There is renewed interest among U.S. Treasury officials in ultra-long bonds. As per a report from Bloomberg, U.S. Treasury Secretary Steven Mnuchin is seriously weighing the possibility of issuing ultra-long U.S. bonds. According to the report, the matter is “under… Read More ›
Boeing wins $500 million U.S. defense contract
Boeing has won a defense contract pertaining to Qatar’s air force. According to a statement from the Pentagon, Boeing Co has won a $500 million contract for providing an aircrew for F-15QA fighter jet as well as for a maintenance… Read More ›
Fastest Growing Takeaway Food In The UK Is Vegan, Shows Study
Orders of vegan meals have grown by five times in the last two years and it is the fastest growing choice of takeaway food in the United Kingdom even though it is not close to providing any competition to chicken… Read More ›
Charges Of Theft Of Trade Secrets From Google Slapped Against Ex Uber Self-Driving Car Executive
Federal prosecutors of the United States charged 33 counts of theft and attempted theft of trade secrets from the company that he worked for – Google, against Anthony Levandowski, the former Uber executive who was in-charge of the self-driving unit… Read More ›
BP Sells All Its Assets In Alaska For $5bn, To Pull Out Completely From The Region
Following its decision to sell off its entire remaining business in Alaska to a private oil and gas firm, British Petroleum no longer will have any oil and gas operations in this North American region. All of the assets and… Read More ›
Eu-Mercosur trade deal could be signed by next year: Senior EU Official
The EU has made it amply clear that the ball lies in Brazil’s court. Its behavior will have to change its attitude for the deal to come through by late 2020. On Wednesday, a senior official from the European Union… Read More ›
Restrictions On Sending Money Abroad Imposed In Greece During The Debt Crisis To Be Removed
The strict restrictions on depositors of Greece that were imposed when the debt crisis in the country was at its height four years ago are set to be lifted off. This change in monetary policy being planned to be implemented… Read More ›
UN Report Says Climate Change Can Be Fought By Consuming Plant-Based Diet
Global warming is being fueled by the high consumption of meat and dairy products of people in the Western countries, says a major report on land use and climate change. However the scientists and officials who discussed the report did… Read More ›
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