The shortfall in the global oil pool as a result of this potential fall in supply from Iran, is likely to be met by increased production from Saudi Arabia. On Monday, oil prices surged to $74 a barrel, their highest… Read More ›
Economy & Finance
Japan’s biggest bank Mitsubishi UFJ Financial Group Inc to absorb $890 million charge
Despite the hit, Mitsubishi UFJ Financial Group Inc (MUFG) has continued to forecast a net profit. On Monday, As per a report from the Nikkei, Japan’s MUFG is set to book a charge of around $893.34 million (100 billion yen)… Read More ›
Irish border will significantly impact future trade deals: Democratic Congressman Richard Neal
How will Theresa May keep EU-member Ireland’s border with Northern Ireland open after Brexit without any physical infrastructure on the border between Northern Ireland and Ireland? This question is proving to be the most excruciating issue in Britain’s sour grapes… Read More ›
EU Could Tariff US Ketchup, Handbags And Consoles Among Other Things
The transatlantic trade dispute between the United States and the European Union – started primarily because of the allegations of European subsidies to Airbus, took a new and surprising turn after the Brussels decided has reportedly decided to impose import… Read More ›
Netflix Reports Good Q1 Numbers, Notifies It’s Still The Streaming Leader
After reporting impressive gains in earnings, revenue and subscribers for the first quarter, the message from the pioneer of video streaming giant Netflix could not be clearer – it is still the leader in the leader in the streaming business…. Read More ›
Exxon Mobil Corp wins 3 exploration blocks offshore Argentina
The three blocks are located in the Malvinas basin, about 200 miles (320 kms) offshore Tierra del Fuego. U.S. oil giant Exxon Mobil Corp stated, its unit and an affiliate of Qatar Petroleum had won three exploration blocks offshore Argentina…. Read More ›
NZ’s PM Jacinda Ardern does a volte face against capital gains tax
It is not clear what events and knowledge has prompted her change of stance vis-a-vis CGT. On Wednesday, New Zealand’s Prime Minister Jacinda Ardern stated, her coalition government will not go ahead with a proposal for a capital gains tax… Read More ›
US Must Remove Steel Tariffs And No Action On Cars For EU-US Trade Talks: Brussels
While announcing its agreement to hold trade negotiations with the United States, the European Union has also warned that it would stop the talks if any new tariffs were imposed by US President Donald Trump or if the Trump administration… Read More ›
L’Oreal and Bettencourt Meyers family pledges $226M towards rebuilding Notre-Dame
L’Oreal and Bettencourt Meyers family pledges $226M towards rebuilding Notre-Dame. French luxury and cosmetics group L’Oreal, along with the Bettencourt Meyers family and the Bettencourt Schueller foundation, said they would donate 200 million euros ($226 million) in total for repairs… Read More ›
Total’s CEO Patrick Pouyanne pledges $112.98 million towards reconstruction of Notre Dame cathedral
French industry tycoons have come forward to generously pledge funds for rebuilding the Notre Dame Cathedral, one of the most famous landmarks in Paris which regularly draw nearly 13 million visitors a year. On Tuesday, Patrick Pouyanne, the Chief Executive… Read More ›
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