After Brexit is complete, a bespoke deal with the European Union would be possible for Britain to make, French President Emmanuel Macron said on Saturday. Striking such a deal is among the primary aims of British Prime Minister Theresa May…. Read More ›
Economy & Finance
Nobel Laureate Says Bitcoin Is Likely To ‘Totally Collapse’ Even Though It Might Remain For 100 Years
According to Nobel Prize-winning economist Robert Shiller, it is likely that bitcoin will “totally collapse.” The economists said in a television interview that the case of “tulip mania” that took place in the Netherlands centuries ago is remined to him… Read More ›
Lenovo Group to make one time payment of $400 million
The PCmaker, a unit of Legend Holdings, stated that the payment, related to its U.S. deferred tax assets, would not significantly impact its cash position nor its operations. The Lenovo Group Ltd has disclosed that it expects to make a… Read More ›
Indian FMCG Company Patanjali Could Receive $500 Million Investment From French Firm Louis Vuitton
An investment of about 500 million USD (Rs 3,250 crore) is reportedly being contemplated to be made by French luxury group LVMH Moet Hennessy – Louis Vuitton, in the Indian company Patanjali Ayurveda. “Acharya Balkrishna has said that just as… Read More ›
Profits Warning Issued By Only Listed Funeral U.K. Company, Dignity, Due To Rice War
There is an intensifying price war in the funeral services and this has driven Dignity, the UK’s only publicly listed funeral services company, to announce that its profits for 2018 would decline. This announcement resulted in a the wiping off… Read More ›
IBM Reports Revenue Growth Of 1%, Its First In 22 Consecutive Quarters
The years long loosing streak has been finally broken by IBM. A slim but significant growth in revenues – 1 per cent, was recorded by IBM after making declining in sales for 22 consecutive quarter which is about five and… Read More ›
Amidst Prices Rally In Oil Market, ‘Explosive’ Growth Anticipated In U.S. Oil Production By IEA
The fear of OPEC that gains made by its production cuts could be neutralized by another surge of shale oil could be coming true. The International Energy Agency said on Friday that there would be “explosive” growth in the U.S…. Read More ›
Australia, Japan, Canada working together to replace TPP with CPTPP
Chief negotiators from the respective countries in the Asia Pacific region are set to meet next week to hammer out an agreement for signing the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). On Thursday, Australian Prime Minister Malcolm Turnbull… Read More ›
Yet another Chinese city admits to providing fake economic data
China’s Xinhua news agency and the People’s Daily have reported that officials tend to inflate economic data in order to boost their performance based on which they are assessed by China’s central government. Baotou, a northern industrial city in China’s… Read More ›
Banks Refuse Further Aid Leading To Collapse Of Britain’s Carillion
The biggest corporate failure in a decade in Britain was triggered after the financing banks of Carillion withdrew their support from the company. The events forced the U.K. government to mediate and assure that there would be no let-up in… Read More ›