With Theresa May’s eroding leadership back home, she is hard pressed to portray that enough ground has been covered to label them as sufficient progress. The Brexit negotiations, one of the most complex since WW2, will determine Britain’s economic future…. Read More ›
Economy & Finance
Tesla’s Musk’s 100 Day Promise Upheld, Construction Of The World’s Largest Lithium Ion Battery Completed
The South Australian government has announced that the world’s largest lithium ion battery has already been constructed by Tesla and that battery is all set to be put to use and switch the battery packs on. This also marks the… Read More ›
November Sees Surprise Increase In Eurozone Manufacturing And Services PMIs
The low growth of manufacturing sector in the U.K. was set off by a strengthening of the ‘Euroboom’ as the eurozone manufacturing and services sentiment touched a new six-year year which also helped in pushing up the single currency higher…. Read More ›
Living Standards In U.K. To Face The Longest Fall Ever Since Records Were Kept
Britain’s outlook for economic growth was axed by the U.K.’s fiscal watchdog, following which a warning about the longest fall in living standards since records began 60 years ago for Britons is on course, was issued. Compared to what the… Read More ›
Saudi Arabia to buy smart ammunitions worth $7 billion from U.S.
The deal is likely to face strong headwinds in the U.S. Congress stemming from civilian deaths in Saudi Arabia’s campaigns in Yemen. According to sources familiar with the matter at hand, Saudi Arabia has agreed to purchase precision guided munition… Read More ›
Data falsification in Quality Assurance standards engulfs Mitsubishi Materials Corp
The latest QA related scandal revolves around Japan’s Mitsubishi Materials Corp’s O-Ring sealents which impacts the aircraft and aerospace and nuclear industries. In yet another instance of a quality assurance scandal, Japan’s Nikkei financial daily reported, citing multiple sources, that… Read More ›
Weak And Uncertain UK Economy Overshadows Thomas Cook Results
The annual results of travel global travel company Thomas Cook have been negatively impacted by the uncertainty and problems in the United Kingdom which is also the biggest market of the operator, even though the company was well on track… Read More ›
Closing In On Facebook And Amazon, Chinese Tech Giant Tencent Crosses The $500 Billion Valuation Mark
Tencent became the first Asian company t hit a valuation of more than $500 billion as it hit a record high earlier in the week. Closing in on the tech firms like Facebook and Amazon in terms of market valuation,… Read More ›
CRC set to buy Banca Carige’s consumer credit business
Banca Carige has to decide the matter by tomorrow and close the sale by December 6. On Wednesday, as per a source familiar with the matter at hand, Christofferson Robb & Company (CRC), a U.S. hedge fund, has presented an… Read More ›
The International Trade Commission recommends imposing steep import duties on LG and Samsung washing machines
The development is likely to trigger more investment from the duo, in the form of opening factories in the state, which is likely to create more jobs and funnel in more investment, as a way to mitigate this order. … Read More ›