Chinese officials have even more motivation to keep financial markets stable after the credit assessor cut the nation’s rating less than a month before the start of a twice-a-decade Communist Party congress. China’s Ministry of Finance said in a statement on Friday that S&P’s… Read More ›
With Afghanistan’s President Ashraf Ghani visiting the U.S. the two leaders vowed to defeat terrorism, the steep hurdle that has to be crossed before Afghanistan’s riches can be tapped. In a meeting in New York, U.S. President Donald Trump and… Read More ›
Due to increasing risks from the country’s rapid build-up of credit, S&P Global Ratings downgraded China’s long-term sovereign credit rating by one notch on Thursday to A+ from AA-. “The downgrade reflects our assessment that a prolonged period of strong… Read More ›
The electric cars in the Norwegian island of Finnoey are exempt from the $6,000-a-year toll charges for the tunnel to the mainland and that is the reasons that this place has the highest density of electric cars in the world…. Read More ›
Even if the rest of the rich world did not follow suit, the EU should proceed with an overhaul of taxes on digital firms, the European Commission said according to a draft report. Accused of paying too little tax in… Read More ›
The moving of the headquarter from Germany to the Netherlands for the new entity that has been formed by merger of the steel making operations of Germany’s iconic Thyssenkrupp AG and India’s Tata Steel Ltd. would result in thousands of jobs and this has… Read More ›
The European Union Chamber of Commerce in China warned that China needs to make good on its own repeated calls to open up its markets, or face consequences. With President Xi Jinping making speeches on openness and globalization, China has publicly avowed to do… Read More ›
A result being described one which could seal the continent’s fate in terms of ever closer political and economic union, Angela Merkel is likely to be re-elected as Germany’s chancellor for a fourth term in an election next Sunday. With… Read More ›
The fierce competition between Amazon.com and Wal-Mart are driving retailers out of business. More than a dozen significant retail chains, including Perfumania Inc, rue21 Inc, BCBG Max Azria Global Holdings LLC, Gymboree Corp, and Payless Holdings LLC have filed for… Read More ›
Without access to the “grandfathering” process, the legality of insurance contracts to EU citizens, including UK expats, will be null and void. On Monday, British lawmakers have urged Theressa May’s government to address the status of cross-border pensions and insurance… Read More ›
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