Sparking a furious backlash from Scotland and Wales and fueling political opposition that could derail her plans for Brexit, Theresa May unveiled a landmark draft law to take Britain out of the European Union. When the U.K. leaves the bloc… Read More ›
Economy & Finance
In A Bid For Aramco Prize, Britain Floats New Sovereign IPO Rules
Just as the London Stock Exchange is trying to win the IPO of Saudi Arabian oil giant Saudi Aramco, a potentially huge but controversial prize, Britain has proposed a loosening of rules on stock market listings by state companies. Even as exchanges… Read More ›
IEA Says The Crown For World’s Largest Exporter Of Natural Gas Will Soon Go To The US
According to a new report by the International Energy Agency, the position of global supremacy presently claimed by Australia and Qatar as the world’s largest exporter of natural gas is most likely to be challenged by the United States soon enough…. Read More ›
Unclear Brexit Creates ‘Trust’ Issues Exist For EU’s Barnier With Respect To The U.K.
Demanding that Theresa May’s government make its positions on Brexit clear so talks can start making progress, in the space of a week, the European Union’s chief Brexit negotiator, Michel Barnier, issued his second stern warning to the U.K. “We can’t… Read More ›
Reports Say Western Digital, Foxconn In Talks With Toshiba For Chip Unit Purchase
As Toshiba Corp seeks to revive a stalled $18 billion sale of its chip business, banking sources said that the Japanese company is in talks with Western Digital Corp and Taiwan’s Foxconn, as well as with an already preferred bidder…. Read More ›
U.S. oil production balancing oil prices
If it weren’t for U.S. oil, crude oil prices should have touched $100 a barrel. As per a report from Barron’s, thanks to the heightened demand for oil, and reduced supplies from the Organization of the Petroleum Exporting Countries (OPEC),… Read More ›
In Steel Retaliation, EU Targets Kentucky Bourbon
In order to target for retaliation over Donald Trump’s plans to invoke national security concerns to limit steel imports, EU officials have begun assembling a list of US goods including whiskey, orange juice and dairy products. the tensions set off by… Read More ›
Tesla Has 100 Day Deadline To Deliver After Winning Giant Battery Contract In Australia
In what experts say will be a litmus test for the reliability of large-scale renewable energy Tesla Inc has won an Australian contract to install the world’s biggest grid-scale battery. In order to build the gigantic lithium-ion battery that will… Read More ›
Initial Demands Void, Vow More Measures – Four Arab States Leading Qatar Boycott
Proof of Qatar’s links to terror groups is perpetuated by Doha’s refusal of their demands to resolve a Gulf diplomatic crisis, said the four Arab states leading the boycott against Qatar said late on Thursday. The countries said that they… Read More ›
UK’s retail sector sees biggest jump in sales in 6 six years
The British economy seems a little confused if not undecided: while some retailers have reported a surge in their quarterly revenues some have warned of weaker profit outlooks. As per the results of a survey disclosed on Friday, in June… Read More ›