An international system of rules for free trade has been championed by Chinese President Xi Jinping in recent months. Now questions about those globalization credentials are being raised by his country’s treatment of South Korean companies amid a missile-shield spat…. Read More ›
Economy & Finance
Brutal political shifts shake cashless economies around the world
The geopolitics of means is just becoming more real. As countries go cashless, the masses see their economic freedom diminish, their transactions being monitored, tracked and controlled. For most government, the public reason behind getting rid of cash is ‘security’,… Read More ›
EU aims to unify Ireland’s electricity markets
The move could potentially boost the Irish government’s backing of the two new energy import projects: EirGrid and RTE’s Ireland-France electricity link.
UK manufacturing activity at a new high
The depreciation of the pound is a double edged sword: while exports have become more lucrative, imports have become more expensive as well. As per the results of a survey, the depreciating value of the pound as well as the… Read More ›
SBI Chair Says India Slowly Returning To ‘Normalcy’ Post-Demonetization
The outcome of Prime Minister Narendra Modi’s demonetization drive sees economy returning to “normalcy,” and a surge in deposits from the cash swap has given more room on lending, says India’s largest bank even though it was blindsided by the drive, the… Read More ›
Row Over South Korean Missile Shield Plans Results In Chinese Companies Boycotting S Korean Retailer
After South Korea’s Lotte Group agreed on Monday to provide land to host a US anti-missile system that Beijing sees as a threat to national security, Chinese media reported the several Chinese companies have said that they will no longer… Read More ›
Banks paid $321 billion in fines after the 2007-2008 financial crisis: Boston Consulting Group
The fines indicate the growing efficiency of regulators in ensuring compliance from banks midst efforts made by the Trump administration to loosen banking laws. As per a note prepared by the Boston Consulting Group, with regulators stepping up their scrutiny,… Read More ›
White House proposal has significant budgetary cuts for ongoing environment and climate change programs
The Trump Administration aims to squeeze funds from climate change and environmental programs to direct them to fortifying the military. According to a person with direct knowledge of the proposal, the White House is proposing a significant cut, by as… Read More ›
Eurozone’s PMI points to strong economic growth across the region
IHS Markit’s final composite Purchasing Managers’ Index has risen to a new historic high. The results of a survey have disclosed that business in the Eurozone has grown in its fastest pace in almost 6 years with job creation being… Read More ›
Brexit – Irish economy hangs in the balance
During Brexit negotiations, Ireland could emerge as the UK’s Achilles heel. If physical border controls are placed, it could give rise to a resurgence of violent militant protests. According to Britain’s Northern Ireland minister, a post-Brexit trade deal with the… Read More ›