The decision of Iran to seize a British-flagged tanker in the Gulf is pushing the country towards a “dangerous path” of “illegal and destabilising” behavior, said the British foreign secretary commenting on the incident. The seized tanker is called Stena… Read More ›
Economy & Finance
After Retail Business, Hong Kong Protests Is Hitting Luxury Business
In recent months, a string of protests by common citizens of Hong Kong has not only created political tensions in the city, it has also hit business – especially those in the luxury segment. The latest luxury brand in a… Read More ›
Slowing Economy Forces IEA To Cut Down 2019 Oil Demand Forecast: Reuters
The slowing down of the global economy, partially because of the trade war between the United States and China has forced the International Energy Agency (IEA) to bring down its oil demand forecast for 2019 The executive director of the… Read More ›
China’s mammoth’s to 303% of its GDP
China is not only loading up economies partnering in its Belt and Road project with an unsustainable pile of debt, back at home it is also struggling to stay afloat from a surging tsunami of debt which has now breached… Read More ›
Airbus close to signing multi billion dollar deal with Air France
The potential deal will see Air France replacing its ageing medium haul aircraft. According to industry sources, Airbus is close to signing a deal worth billions of dollars for the sale of dozens of A320neo-family and smaller A220 aircraft to… Read More ›
Britain’s OBR Predicts A Recession For The Country For A No-Deal Brexit
The British government’s independent forecasting body – the Office for Budget Responsibility (OBR) has warned that there would be a recession in the country, with 2 per cent shrinkage in the economy, if there is a no-deal Brexit. It has… Read More ›
Electric Car Models To Increase By Three Time In Europe By 2021
According to the predictions of a European environmental lobby group, by 2021, the number of models of electric cars that would be available to consumers across Europe would growth by three times. The group said that the acceptance of electric… Read More ›
Cloud Deal Worth $2 Billion Signed Between Microsoft And AT&T
A deal has been reached between Microsoft Corp and AT&T Inc worth a total of $2 billion, according to sources quoted in reports, which would give access to the United States telecommunications company to the Azure cloud service of Microsoft… Read More ›
Trade Tensions The Major Threat To Global Economy, Says The IMF
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 ›
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 ›