Bitcoin, the world’s largest crypto currency, marked an 11 per cent drop within 24 hours against the US dollar on Fr4iday during Asian trading hours which marked a new decline for the currency. December has not been a good month… Read More ›
Economy & Finance
Companies Could Have Their Backs To Their Wall By UK Immigration Crackdown
According to a warning issued by the head of Britain’s biggest business lobby group, UK companies could go bust and there could be significant job losses throughout the country because of the planned crackdown on immigration after Brexit as being planned… Read More ›
Federal Court of Australia imposes $145,000 fine on Murray Goulburn Co-operative
The court concluded that the Co-operative had misrepresented milk prices to milk suppliers causing them a loss. On Thursday, Australia’s competition regulator stated, the Federal Court of Australia has imposed penalties of $145,000 (A$200,000) against Gary Helou, a former managing… Read More ›
Huawei’s Meng Wanzhou, founder’s daughter and CFO, arrested in Canada
The arrest and the subsequent extradition to the United States is one of several headwinds facing Huawei. Countries across the world are taking steps to bar the usage of Huawei’s equipment from their core existing and future mobile operations. In… Read More ›
No-Deal Brexit Fears Raises Demand For Food Warehouse Space Resulting In Shortage
The rush to stockpile products because of growing concerns over a possible no-deal Brexit among retailers and manufacturers in the UK is causing a shortage of food warehousing space. According to media reports quoting industry representatives, there is virtually no… Read More ›
China Confident About A Trade Agreement With The U.S.
China is confident that it would be able to come to an agreement with the United States on trade, said the second largest economy in the world on Wednesday. This was a sentiment similar to what US president Donald Trump… Read More ›
Japan’s Takada to acquire London-listed Shire for $59 billion
Following the takeover Takada will join the ranks of the world’s top 10 drugmakers and will gain expertise in rare diseases, at the cost of a mountain-load of debt. On Wednesday, shareholders of Takeda Pharmaceutical approved the $59 billion takeover… Read More ›
NZ’s Prime Minister Jacinda Ardern announces creation of NZ$100 million green investment fund
The fund targets manufacturing, electric vehicles, farming practices, and energy-efficient commercial buildings. On Wednesday, New Zealand’s Prime Minister Jacinda Ardern announced the creation of a $69.28 million (NZ$100 million) green investment fund that is aimed at boosting private-sector participation so… Read More ›
China Development Bank Financial Leasing Co to finance purchase of 8 Airbus aircraft
China Development Bank Financial Leasing Co is the leasing arm of China Development Bank (CDB), HNA’s largest creditor. In a corporate filing, China Development Bank Financial Leasing Co, the aviation leasing arm of China Development Bank stated, it will finance… Read More ›
Tesla plans on ramping up production of Model Y
Tesla will use its Gigafactories in Nevada, U.S. and that in China to produce Model Ys. Producing locally to serve domestic consumers will significantly mitigate risks of import tariffs imposed by the United States and China in their trade wars…. Read More ›
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