The president of the European Central Bank Mario Draghi, told critics of his stimulus path to be patient and wait for the euro zone’s recovery to take firm hold as the bank kept its super-easy monetary policy unchanged as expected…. Read More ›
Economy & Finance
IMF’s Christine Lagarde Tells Davos 2017 – Middle Classes in Crisis
As the head of the International Monetary Fund, Christine Lagarde, warned that inequality, distrust and a lack of hope were fuelling growing populism, she has called for urgent action to tackle a middle-class crisis. She had been ignored when she had… Read More ›
Britain’s “Hard Brexit” strategy could trigger independence of Scotland, Northern Ireland and the Republic of Ireland
Hammering out a swift trade deal with the U.S. promises to be the easy part, Brexit negotiations and dealing with its geopolitical fallout is likely to pose significant challenges to the United Kingdom. Britain’s Prime Minister, Theresa May has finally… Read More ›
Renewable-Energy Business in Middle East Targeted by Enel CEO
Following the fall in oil prices and as oil-rich Gulf countries take advantage of the falling cost of solar power to diversify their energy supplies, Rome-based utility owner Enel SpA is targeting renewables projects in Saudi Arabia and the United… Read More ›
Unintentionally Helping OPEC is China’s Oil Collapse
Unlikely support from its biggest customer is forthcoming for OPEC’s campaign to prop up oil prices. According to analysts at CLSA Ltd., Sanford C. Bernstein & Co. and Nomura Holdings Inc, China’s production is forecast to fall by as much… Read More ›
Shepherded by Trump GM to announce $1 billion investment at its U.S. plants
Despite the posturing of U.S. auto giants, the Trump administration is likely to lead to higher input costs, which could moderate the demand of SUVs, which is currently on a high, due to higher prices. According to a person who… Read More ›
Davos study finds $12 trillion can be unlocked by developing UN’s Sustainable Development Goals
The study finds that reducing food wastage and carbon trading alone could reap in $405 billion globally. Going by a study done by global leaders in business and finance, by implementing a few key developments goals, companies across the globe… Read More ›
Global Survey Shows All Time Low Levels of Trust in CEOs
A global report by public relations agency Edelman claims to have found that there is a crisis of public trust in business, institutions, government and non-governmental organizations (NGOs). Ahead of the publication of the 2017 Edelman Trust Barometer, agency CEO… Read More ›
Same Amount of Money as Half the World Present with World’s Eight Richest People: Oxfam
According to a report published by Oxfam on Monday, the riches of the 3.6 billion people who make up the poorest half of the world’s population equals eight billionaires from around the globe. While gathering to aim to look at… Read More ›
U.S. eyeing Britain’s market with a quick deal after Brexit
After Brexit with a disconnected Britain peering for a major trading partner, Donald Trump aims to fill that void with U.S. manufactured goods. U.S. President-elect Donald Trump has shot off yet salvo, saying ultimately Brexit will turn out to be… Read More ›
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