While waiting for three major macro events and a barrage of tech companies reporting earnings, markets adopted a cautious approach which pushed the value of gold to a seven month high. The markets are awaiting three crucial events – a… Read More ›
Economy & Finance
EU-Canada free trade deal aligned with EU law: Advocate General Yves Bot
The European Court of Justice is to decide whether the provisions of the EU-Canada FTA on investment protection are tenable in within the ambit of EU law. On Tuesday, Advocate General Yves Bot recommended to the European Court of Justice… Read More ›
Insurance losses due to wildfires unprecedented: California Insurance Commissioner
The total insurance loss for 2018 has touched $12.4 billion.
Sanctions On Russian Aluminum Firms Close To Putin’s Ally Lifted By US
Sanctions on three Russian companies that are allegedly linked to Russian oligarch Oleg Deripaska, an ally of President Vladimir Putinm have been lifted by the Trump administration. After Mr Deripaska ceded control, sanctions on aluminium giant US Rusal, En+ Group… Read More ›
KPMG Says Prayers For Extension Of Article 50 Being Made By US Firms For Brexit
Even as various data suggested a steep drop in foreign investments in the United Kingdom and a six year low for the outlook for growth, British companies are “praying for an extension to article 50” and not a no deal… Read More ›
Germany to phase out of coal-fired power plants by 2038
Germany aiming for renewable and sustainable energy power for its long term energy security policy. On Monday, Peter Altmaier, Germany’s Economy Minister made it clear that Germany does not want to compensate the loss of electrical power for its planned… Read More ›
Japan’s carmaker Subaru Corp resumes production in Japan
Subaru had suspended operations at the plant following a suspected defect in a power steering component. On Monday, Subaru Corp disclosed, it has restarted its only car factory in Japan. The resumption of work at the plant comes in the… Read More ›
Cost benefit analysis to strengthen Italy’s hand for a high-speed link between France-Italy
Given the political dynamics in Italy, the commission’s CBA could prove useful in deciding whether to complete the high-speed rail link between the two EU nations. On Monday, in an interview with Itlian news daily Il Corriere della Sera, Massimo… Read More ›
Saudi Arabian industrial development conference seals deals worth $63 billion
Although details of the signed conference have not been provided, so far, they are expected to be released in the coming days. On Monday, as per a report from Al Arabiya TV, deals worth $63 billion, (235 billion riyals) have… Read More ›
Temporary Halt To Use Of Huawei Equipment Announced By Vodafone
Vodafone is likely to keep away from using Huawei equipment for its mobile networks. The security concerns and the political uncertainty that is now surrounding the telecommunication equipment supplied by the Chinese firm is the primary reason that Vodafone, the… Read More ›
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