Amazon has opened one innovation center in Busan in South Korea in 2016 and two regional ones in China. On August 10, the US retailing giant announced to open the latest one on eth suburbs of Taipei. The innovation centers… Read More ›
Economy & Finance
Beer And Wine Industry In US Being Challenged By The Legal Marijuana Market
According to a new report in Business insider, there is a boom currently7 in the legal marijuana market in the U.S. – so much so that it is fast catching up with the market for beer and wine. “The legal… Read More ›
Copenhagen Cooperative Bank suspected to be in violation of Denmark’s money laundering act: Denmark’s Financial Supervisory Authority
The FSA stated it has directed the country’s prosecutors to investigate whether the small bank complied with the country’s money laundering act. On Thursday, Denmark’s financial watchdog stated it has directed the state prosecutor to investigate Copenhagen Cooperative Bank for… Read More ›
Saudi Arabia remains committed to Aramco’s IPO: Saudi Press Agency
Saudi Arabia has denied previous media reports that it has called off Aramco’s IPO. A careful reading of the statement by the Saudi Press Agency suggests that Aramco’s IPO may have been postponed and not entirely canceled. Saudi Arabia’s energy… Read More ›
British wage growth dips despite Britain’s employment rate touching its 43-year old low: XpertHR
The results of the survey by XpertHR is likely to be of interest to the country’s central bank, which has repeatedly downgraded its forecasts for wage growth after pay growth failed to accelerate significantly. According to the results of a… Read More ›
Trump Pledges 25% Tax On EU Cars While His Administration Tries To Negotiate
The question of whether the Trump administration would impose high tariffs on the import of European cars into the United States is not clear yet. And two seemingly contradictory episodes that took place on Tuesday apparently increased the ambiguity of… Read More ›
Chile’s President Sebastian Pinera to modernize the country through tax reforms
The $26 billion plan aims to overhaul the country’s tax structure by placing taxes paid by conventional companies on par with their more modern peers. Digital companies which will be effected by the move include Uber and Netflix. Chilean President… Read More ›
Here is why wheat prices are set to rise globally
Several of the world’s leading wheat exporters, including Australia, the European Union, Argentina, Canada, the United States, Kazakhstan, Ukraine, and Russia, are seeing their wheat crop suffer this year. The last time this happened there were food riots in Asia… Read More ›
A US-China Trade War Could Put Australia In A Very Tight Spot
Australia is a country that stand to lose a lot from a potential trade war between the United States and China. And the way the two largest economies of the world are threatening with tariffs and counter tariffs, there appears… Read More ›
Germany Will Again Report Largest Trade Surplus In The World This Year
According to reports published in the German media, despite the increasing international criticism of Germany’s growth model based on exports, the country is set to report the largest current account surplus in the world in 2018. The reports were based… Read More ›