The global economy could be hit by $455 billion next year if the trade war between the United States and China continues in the way it is now, warned the International Monetary Fund. The global trade flows were being negatively… Read More ›
Economy & Finance
Bipartisan bill introduced in U.S. Congress targeting Huawei Technologies Co Ltd
The bipartisan legislation essentially boils down to Senator Tom Cotton’s notion that “American companies shouldn’t be in the business of selling our enemies the tools they’ll use to spy on Americans”. In a significant development, members of the U.S. Senate… Read More ›
Boris Johnson’s cunning plan for a no-deal Brexit
While there are a couple of scenarios by which Boris Johnson, Britain’s potential next Prime Minister, could deliver on his no-deal Brexit, the most cunning one involves removing them, temporarily of course, from having to deliberate on the issue. A… Read More ›
United Airlines to resume daily non-stop flights from India to the U.S. from September 6
Pakistan had imposed a flight ban on its airspace following Indian strikes on terror camps in its territory. Pakistan has now issued a NOTAM lifting that restriction. On Wednesday, United Airlines Holdings Inc stated, it would restart its daily nonstop… Read More ›
IMF Chief Christine Lagarde To Step Down In September
The managing director of the International Monetary Fund (IMF) and the will known face of this international financial body Christine Lagarde will be stepping down from her post, the IMF chief has announced. This announcement comes before a decision is… Read More ›
US Big Three Banks Report Good Earnings But Issue Warning Signs
While issuing warnings for the future of their business as well as for the financial industry as a whole, strong performance was reported by three big United States banks The reports of the banks clearly indicated that lower interest rate… Read More ›
U.S. manufacturing improves marginally during second quarter
Manufacturing activity along with capacity utilization in the manufacturing sector are indicative of how much more the economy may be able to grow before inflation becomes a concern. There has been an acceleration in U.S. manufacturing output for the second… Read More ›
The Hong Kong Wealthy Are Moving Their Wealth To Singapore: Bloomberg
Worry about the long term effects of the political crisis in the Chinese city of Hong Kong has got private bankers in the city busy with many inquiries from investors there according to a report published by Bloomberg. According to… Read More ›
Issue Of Taxing Large Tech Firms Could Take US And UK On A Collision Course
The issue of taxing internet giants could take the United States and Britain on a collision course. Starting from 2020, all large search companies, social media platforms and online marketplaces operating in the United Kingdom would be levied a tax… Read More ›
Indian government reins in auditing firms KPMG & Deloitte to global accounting standards
The Indian government has banned Deloitte Haskins & Sells LLP from doing business in the country following allegations of shoddy work and non-compliance to global accounting standards. In a significant development, Indian authorities have told a tribunal, Deloitte Touche Tohmatsu’s… Read More ›
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