The development revealed that Pro-Brexit members within party are a major stumbling block to passing any agreement. British Prime Minister Theresa May’s Brexit plan suffered yet another humiliating defeat on Thursday. As a result the development has undermined her pledge… Read More ›
Economy & Finance
Visa Inc and Mastercard Inc set to hike interchange fees
Two of the biggest card networks in the U.S. are scheduled to hike card processing fees. The move comes at a time when there is growing push towards a cashless economy. The Wall Street Journal has reported citing sources familiar… Read More ›
Recruiting EU Staff For London Proving Difficult For Millennium & Copthorne
The London based hotels of international hotel group Millennium & Copthorne is not being able to satisfactorily recruit employees from EU countries because of the uncertainty surrounding the imposition of Brexit in less than 50 days time, the hotel chain… Read More ›
Surprising Drop In US Retail Growth In December Weakens Growth Outlook
A United States government report on Thursday has shown a surprising drop in retail sales in the country for the month of December which cast shadows over the economic growth outlook for the country and which would probably induce the… Read More ›
Vietnamese airlines can now fly directly to the United States
The U.S. Federal Aviation Administration has awarded Vietnam with a Category 1 rating. Vietnam’s aviation industry got a huge boost, with the U.S. Federal Aviation Administration declaring the nation’s aviation being in compliance with international safety standards. As a result,… Read More ›
Here is why Britain is a proud nation of shopkeepers
British shops proved their mettle and displayed their resilience in the face of Brexit, with retail sales jumping by a whopping 4.2% in January 2019. Retail sales in Britain rebounded strongly in January with stores, including clothing stores, dishing out… Read More ›
Heavy Taxes Deserved By World’s Wealthiest, Richard Branson
There is a growing number of business elites who raise questions about disparity in wealth distribution in the world and Richard Branson, founder of the Virgin Group stands out among them. Branson, the billionaire entrepreneur known for his philanthropy as… Read More ›
New System Of Screening Foreign Investment Passed In EU Aimed At China
A system that would result in greater scrutiny of foreign investment – notably from China, was passed by lawmakers of the European Union which, according to statements, would help the EU to better protect strategic technologies and infrastructure in the… Read More ›
French President Emmanuel Macron launches stategic electric battery production plan
Countries are waking up to the serious threats posed on over-reliance on Chineese goods and its ramifications on their supply chains. In a significant development French President Emmanuel Macron disclosed, France will invest $790 million (700 million euros) over the… Read More ›
European Commission adds Saudi Arabia to dirty-money blacklist
Britain has opposed Saudi Arabia’s inclusion in the list because of it probably bad for business, especially for the City of London. In a significant development, the European Commission has added a host of countries including Saudi Arabia, Nigeria, Panama,… Read More ›