Two of the top cocoa producers of the world who account for 60 per cent of global supply – Ivory Coast and Ghana, have joined hands to set a minimum floor price for cocoa for chocolate companies in order to… Read More ›
Economy & Finance
UK Could Be Short Of Natural Gas Supply After Brexit
After Brexit, there could be shortage in supply of gas to the UK along with a potential rise in prices, warned an industry leader of the nation. In the eventuality of EU nations prioritizing their own countries during winter cold… Read More ›
IBM’s Acquisition Of Red Hat Approved Unconditionally By European Regulator
The landmark acquisition of open source vendor Red Hat worth $34 billion has been approved unconditionally by the European Commission (EC). The evaluation and approval process of the deal by the executive arm of Europe took just nine weeks to… Read More ›
Hong Kong steadily losing wealth to Singapore
The steady stream of wealth that is being moved out of Hong Kong to Singapore is due to China’s aggressive posturing on the former British isle. According to sources familiar with the matter at hands, many foreign wealth managers are… Read More ›
China’s Dajia Insurance Group to take over the assets of Anbang Insurance Group
Dajia Insurance Group has a registered capital of $2.97 billion. According to a Chinese government document, Beijing has formed a new company called Dajia Insurance Group in order to take over the assets of Anbang Insurance Group. According to a… Read More ›
Japan Wants Next British PM Should Not Go For No-Deal Brexit
The United Kingdom should not go out of the European Union without a trade deal, Japan has urged to the two Prime Minister hopefuls Boris Johnson and Jeremy Hunt, when either of them becomes the UK prime minister. That request… Read More ›
US Urged By China To Remove Ban On Huawei
China has demanded that the sanctions imposed on the Chinese tech company Huawei by the United States should removed with immediate effect. This demand was made by a spokesman for the country’s commerce ministry on June 27 even as US… Read More ›
Real-Time Payments For EU Banks To Speed Up Due To Competition From Facebook And The Likes
According to officials of the finance industry, by 2020, there can be in place a an instant payments system shared by all banks in the euro zone. This would be driven by greater competition being faced by banks from services… Read More ›
Unilever to close ice cream facility production factory in Henderson, Nevada
Employees at the plant can apply for open positions at other sites. In a statement Unilever said, it would be closing its ice cream manufacturing facility in Henderson, Nevada. As a result of this closure, 300 people are likely to… Read More ›
Hard Brexit border to cost 50K pounds a minute in border delays: British car industry body
Boris Johnson and rival Jeremy Hunt, have both said they are prepared to take Britain out of the EU without a deal on Oct. 31, 2019, although this is not their preferred option. In a statement, Britain’s car industry warned… Read More ›
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