In what was described as “the largest deal in EgyptAir history” by the chairman of EgyptAir, a big fat deal for purchasing 21 Boeing and Airbus planes from U.S. AirCap corporation was signed and announced by both the parties The… Read More ›
Economy & Finance
BNP Paribas’ chairman dampens merger of Germany’s Commerzbank with France’s BNP Paribas
Despite Jean Lemierre choosing to keep his cards close to his chest, media reports points to a potential merger which could be the choice to safeguard against a potential takeover bid. On Friday, Jean Lemierre, BNP Paribas’ chairman chose to… Read More ›
VW’s board weighs allocation of $82.5 billion across the next 5 years for electric cars
One of the burrs that needs to be ironed out is Lower Saxony’s influence: not only is the state VW’s second biggest shareholder it is also its home state; Brexit related scenarios are also likely to add to the existing… Read More ›
Mario Draghi, ECB’s president, hints at possible interest rate hike in future
ECB’s decision to extend its bond buying program up to Sept. 2018 is strategic. On Friday, Mario Draghi, the president of the European Central Bank, stated the central bank’s decision to extend its bond-buying program upto September 2018 is central… Read More ›
Supply Deficit In Real Estate Results In Steep Increase In Home Prices In Most Of The U.S.
Redfin – the real estate brokerage says that in comparison to a year ago, the price of homes the U.S. saw strong growth – showing 7.6 percent, in October. In the market that Redfin serves, $288,000 was the median sale… Read More ›
19 Countries Get Together To Pledge Not To Use Coal – Seen As A ‘Political Watershed’
The UN climate summit in Bonn, Germany, has seen 19 countries getting together to commit quick phasing out of coal in a new alliance. It is being expected that this is the signal of the end of the dirtiest fossil… Read More ›
T-Mobile’s share buyback program could start from December
The company plans on using its collapsed merger with Sprint as a spring board to future M&A deals. On Thursday, T-Mobile’s CFO disclosed that the third biggest carrier will propose a “significant” share buyback that could begin in December. The… Read More ›
News Report States Facebook And Google To Face Tax Bills By Israel
Adding to the attempts by a number of countries that include the European Union, in internet companies Google and Facebook are most probably going to be slapped with tax bills within a year by Israel which is planning and preparing… Read More ›
Soaring Food Price Inflation In UK Means Britons ‘Face Expensive Christmas Dinner’
In the UK, food price inflation is at its highest within the past four years driven by rise in the price of fish, fats and vegetables. Till last year, the food inflation was at a steady 0.6% and this year… Read More ›
Demand for new homes adding to the strength of the Australian economy
With buyers wanting to have a piece of the “Australian dream” the housing market is seeing a bull run. Demand for new homes in Sydney’s suburbs, with buyers seeking the “Australian dream” of owning a house with a yard, is… Read More ›
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