Competitive pressure on traditional banks in the small business lending arena are poised to be put by tech behemoths Google and Amazon, believes one of former President Barack Obama’s cabinet member. The tech giants would probably push to disrupt the market and… Read More ›
Economy & Finance
Airbus-Bombardier deal likely to jumpstart CSeries jet sales in Asia: analysts
On Tuesday, industry analysts have opined that with Airbus SE deciding to have a majority stale in Bombardier Inc’s CSeries jet program, the sale of its aircrafts in the booming Asian market could skyrocket. As part of the the Airbus-Bombardier… Read More ›
Tightening oil supplies in the global oil pool leading to higher crude out prices
While OPEC’s price cuts are slowly driving up crude oil prices upwards, analysts from BofA Merrill Lynch have forecast higher crude oil prices for the remainder of 2017 and early 2018 citing rising geopolitical tensions between the U.S. and Iran…. Read More ›
Reimposing economic sanctions on Tehran risks handing an upper hand to Iranian hardliners in negotiations with the West
Any form of reactionary based out of its domestic policy on the international theatre is likely to have significant impact on not only the U.S. economy but on regions surrounding Iran. On Saturday, Germany’s foreign minister warned that the U.S…. Read More ›
If NAFTA were to fail it would put bilateral trade worth $1.2 trillion at risk
Although the U.S. aim could be portrayed as being noble and patriotic – that of reducing the U.S. trade deficit, – the demands of negotiators however risk risk derailing the highly integrated supply chains that U.S. manufactures depend on; it… Read More ›
EU extends helping hands to May firming her position of leadership in the British government
Here is how EU’s leaders plan on breaking the deadlock in the Brexit negotiations. Leaders from the European Union may extend an olive branch to British Prime Minister Theresa May in the deadlocked Brexit negotiations next week. The move could… Read More ›
South Korea and China extend currency swap deal for another 3 years
The deal puts in place a system to tackle a shortfall of cash in case of any emergency and adds to existing financial safety nets. On Friday, South Korea stated it has agreed to extend a currency swap deal, which… Read More ›
How Alibaba Was Helped To Become An E-Commerce Giant By Jack Ma’s Foresight
It’s best to prepare early if there’s a change coming, believes Alibaba Executive Chairman Jackc Ma. Fending off competition on its home turf from online marketplace eBay well in its early days, that philosophy served Alibaba, now a Chinese e-commerce behemoth. “When we see… Read More ›
IMF Warns That Global Economic Recovery May Not Last
Despite a pickup in activity in all western countries except the UK, the global economy’s recent recovery may not last, the International Monetary Fund has said. By the booming markets and policymakers needed to guard against complacency, there was a… Read More ›
Chinese exports of aluminum foil feel the pinch following U.S. trade action
China has countered the U.S. trade move by saying they are not in synch with existing WTO rules. On Thursday, Gao Feng, the spokesperson from China Ministry of Commerce, stated that the trade rules created by the European Union against… Read More ›