More than 50 stores of the famous but UK based department store Debenhams are to be shut down across the UK which is likely to also result in a total of 5000 job losses. This number of stores is almost… Read More ›
Economy & Finance
US-China Trade War Pushing Close US Allies In Asia To Force Ties With India
There is a growing tendency among the most developed countries of Asia to decrease their dependency on China and look to India as an alternative in the wake of the trade war between the United States and China. The trade… Read More ›
New York sues Exxon Mobil Corp for misleading investors on the risks posed by climate change
Cities across the U.S. as well as countries are suing oil companies for misleading investors for years on the risks posed by climate change on their businesses. The state of New York has sued Exxon Mobil Corp alleging that it… Read More ›
Masayoshi Son cancels his visit to Saudi investment conference
In purely financial terms, the disappearance and killing of journalist Jamal Khashoggi’s at the Saudi Embassy in Turkey could turn out to be a costly affair for Saudi Arabia. On Tuesday, the Wall Street Journal reported citing a conference representative,… Read More ›
Aramco to sign 15 deals worth $30 billion+ at investment conference
Despite major companies dropping out from the investment meet, Saudi Arabia is intent on making the investment meet a success. On Tuesday, according to a source familiar with the matter at hand, Saudi oil giant Aramco is likely to sign… Read More ›
Advertising Giant WPP Expected To Report First Drop In Sale In 16 Years
Analysts are expecting disappointing figures for WPP later in the week and predict more troubled times for the firm’s new boss Mark Read. Analysts expect an annual drop in revenues of 4 per cent for the advertising giant and predict… Read More ›
UK’s Business With Saudi Arabia And Possible Impact Of US Sanctions
A lot apparently is at stake for the United Kingdom – Saudi Arabia relations if the Middle Eastern country has to face sanctions – especially from the United States in relation to its role in the murder of veteran journalist… Read More ›
The Economic Outlook For Asia In The Eyes Of The IMF And World Bank
With the world economy being clouded by dark undercurrents of trade tensions and turmoil in some of the financial markets, one could assume that the recently held annual meetings of the IMF and the World Bank in Bali last week… Read More ›
Kuwait Airways to purchase 8 A330-800neo jets
Airbus is scheduled to make the deliveries between March 2019 through December 2026. On Monday, Kuwait Airways stated it has signed an agreement with Airbus to purchase eight A330-800neo airliners. The deal comes in the wake of five months of… Read More ›
$18 Billion Value Shaved Off Crypto Currencies Market In Three Days
Crypto currencies went through a rough period in the last seven days with about $18 billion being washed away off the total value of global crypto currencies within just a few days. Bitcoin, the largest and the widely owned digital… Read More ›
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