As unfolding political developments added to concerns over the outlook for the U.K., sterling is hovering around its second lowest level against the U.S. dollar since last June’s vote to leave the European Union (EU). Parliamentary approval to trigger Article… Read More ›
Economy & Finance
Scotland’s independence referendum stonewalled by Theresa May
Scotland’s demand for an independence referendum is likely to face an uphill task since it could potentially undermine Britain’s negotiating position during Brexit talks with the EU. In a significant development, British Prime Minister Theresa May is preparing the grounds… Read More ›
British Minister Says A Brexit Back UP Plan Ready If Talks Fail
Britain’s Brexit minister David Davis said on Sunday that in the unlikely event it has to walk away from divorce talks with the European Union without a deal the country is drawing up contingency plans to mitigate the issues that… Read More ›
China Reins In Overseas Investment After $225 Billion in Deals Last Year
In a record-breaking number that signaled to the world that Chinese business leaders were hot to haggle, China struck $225 billion in deals to acquire companies abroad last year. Now, China is telling some of its companies to cool it… Read More ›
Britain scurries to have a contingency plans in case of a hard brexit
Failing to provide a contingency plans would amount to a serious dereliction of duty.
Survey Finds Substantial Cash Risks Being Faced By Asian Millennials
Millennials in Asia are expected to carry mortgage debt into retirement or even run out of money as they face a substantial cash risk during their later years,, found a new study. While 90 percent said they expect to be… Read More ›
Assange Offers Hacking Tools to Tech Companies Following Wikileaks’ Latest Revelation Of CIA’s Hacking
Presenting Silicon Valley with a potential dilemma on how to deal with the anti-secrecy group, Wikileaks founder Julian Assange said that it will provide technology companies with exclusive access to CIA hacking tools that it possesses so they can patch… Read More ›
China’s HNA Group seeks to boost stake in Deutsche Bank
For the Chinese, this is likely to be a strategic investment to get a foothold in the European financial sector. Two sources with knowledge of the matter have revealed that the Chinese conglomerate, the HNA Group, is seeking to increase… Read More ›
Tesla offers Australia a helping hand to solve its massive power outages
Australia desperately needs within the next 2 years more installations of wind and solar energy plants to avert severe blackouts. Elon Musk, Tesla’s CEO, has offered to save Australians from their dependency from the state by installing battery storage worth… Read More ›
VW set to plead guilty to emissions in the U.S.
While there have been hundreds of articles saying how much pollution VW has caused with its cheating scandal for which it has now agreed to pay up to $25 billion in fines in the U.S. alone, with the Trump administration… Read More ›