By challenging the proposal on how to tax the rich before fall elections by Czech Prime Minister Bohuslav Sobotka, Czech billionaire Finance Minister Andrej Babis took aim against his governing partner. Cutting down of income tax for earners with monthly… Read More ›
Economy & Finance
With its New Phone Launch, the Flickering BlackBerry Flame Carried by TCL
With the Chinese smartphone maker TCL Communication introducing its first Blackberry-licensed phone with the physical keyboard that was long its key allure, fans of the pioneering email machine need not despair even though Blackberry Ltd may have exited the device… Read More ›
Saudi Arabia looking to diversify its economy through the Saudi Aramco IPO
Championed by Saudi’s Mohammed bin Salman, the Deputy Crown Prince, the world’s biggest IPO is expected to be valued to at least $2 trillion. Saudi Aramco has selected Morgan Stanley, JPMorgan Chase & Co and HSBC Holdings Plc as its… Read More ›
Andrew Olmem joins White House economic council
Although it is as yet unclear as to what post Olmem will take, the National Economic Council coordinates on economic policy matters across Trump’s Cabinet. Olmem, an attorney, was a leading staff negotiator who put together the Doff-Frank Act, which… Read More ›
TransferWise launches FB chatbox for international money transfers
You can now transfer funds with friends and family through FB Messenger as long as they are located in located in Britain, Europe, U.S., Canada and Australia. Competition in the digital payment landscape has just intensified: TransferWise, a money transfer… Read More ›
German manufacturing jobs safe from PSA Group’s Opel takeover deal
Brexit has placed Opel’s Vauxhall sites at a distinct disadvantage. With the PSA group’s planned acquisition of GM’s European operations, jobs, and sites are facing potential cutbacks. As per German Sunday newspaper Bild am Sonntag, the PSA Group has pledged… Read More ›
Brexit negotiations could take more than just 2 years: Jean-Claude Juncker
Britain will have to change more than 20,000 of its laws so that it can complete its divorce proceeding. Furthermore, as a member of the EU, Britain cannot undertake any bilateral agreement(s). Jean-Claude Juncker, the President of the European Commission… Read More ›
Britain dependent on China to offset May’s Hard Brexit stance
For China, Britain is important since it aims to gain from its financial clout and use the country to showcase the fact that a first world nation supports its Silk Road project which is crucial for its prestige on the… Read More ›
Amid Populist Surge, Caution Being Adopted on Equities by World’s Richest
According to Christian Nolting, chief investment officer at Deutsche Bank AG’s wealth management unit, rich investors are shunning equities because of concerns about the political impact from Donald Trump’s administration and Brexit. “People are still cautious; there is still demand for… Read More ›
Japan’s Economy Loosing Out Billions Due to Lack of Sleep of Workers
The world’s third-largest economy is being held back by an unusual source and it is has nothing to do with economics. A recent study by the government shows that apart from making people grumpy and unhealthy, sleep deprivation is doing… Read More ›