The International Labour Organization (ILO) claims that just 10 per cent of workers in the world scoop up almost half of all global pay while just 6.4 per cent of the global pay is accounted for the lowest paid 50… Read More ›
Economy & Finance
South Korea Threatens Retaliation To Japan’s Export Curb Of 3 Materials
The global supply chain and supplies of chips and smartphones could get disrupted because of a potential row between South Korea and Japan as Seoul threatened Tokyo with retaliation against the latter’s recent decision to put export limits on high-tech… Read More ›
Saudi Arabia’s SAMI inks defense deal with South Africa’s Paramount Group
Saudi Arabia, the world’s third largest defense spender, aims to cut its defense import bill by 50% by 2030. In an effort aimed at developing Saudi Arabia’s domestic defense industry, Saudi Arabian Military Industries (SAMI) and South Africa’s Paramount Group… Read More ›
Australia set to pass $110 billion tax cut law
The measure has the backing of the Reserve Bank of Australia which has made it clear that the government should initiate action to boost consumer spending. On Thursday, in a significant development, Australia’s conservative government is on the verge of… Read More ›
AB InBev to list its Asia-Pacific business in Hong Kong in $9.8 billion IPO
The IPO values Budweiser Asia, AB InBev’s Asia-Pacific business, at 16-18 times its enterprise value (EV) to EBITDA. This will be the biggest IPO to hit the market in 2019. In a significant development, Anheuser-Busch InBev NV stated, it is… Read More ›
Britain’s whiskey exports to the U.S. threatened by Trump’s additional trade tariffs
U.S. President Donald Trump has threatened to impose additional tariffs on $4 billion EU goods, including on Britain’s Scotch whisky, Italy’s cheese and olives. The Scotch Whisky Association (SWA) has urged U.S. President Donald Trump to end his trade dispute… Read More ›
Relocation of FCA from Italy to Netherlands will significantly impact state revenues
Italy’s antitrust watchdog has complained that with more companies following FCA’s trail, the Italian state will see severe loss of state revenues. Italy’s national competition watchdog has stated, the decision by Fiat Chrysler Automobiles (FCA) to move its financial and… Read More ›
Insurer Chubb Ltd cuts exposure to coal-related companies
Chubb joins a growing stream of financial institutions who are scaling back their exposure to coal. In a significant development, insurer Chubb Ltd disclosed, it has decided to cut its exposure to coal-powered plants operators and that it would not… Read More ›
Walmart to sink in $1.2 billion in China over the next 10 years
In China, Walmart will be in a tough environment and will be competing with the likes of Alibaba Group Holding Ltd and Tencent Holdings Ltd who have cut deals to combine online and high street shopping. In a significant development,… Read More ›
The European Union and Vietnam sign landmark free trade agreement
The EU-Vietnam Free Trade Agreement (EVFTA) is “the most ambitious free trade deal ever concluded with a developing country” to date. In a landmark development, the European Union has signed a free trade deal with Vietnam, its first with a… Read More ›
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