6 years in the making, the deal comes in the wake of mass surveillance by the U.S. in 2013. It now grants EU citizens the same rights as those enjoyed by American citizens. Lawmakers from the European Parliament has backed… Read More ›
Economy & Finance
$5 Billion Valuation in IPO said to be Mulled by China Selfie App
The developer of selfie apps, China’s Meitu Inc., is discussing a share sale that would value the company at about $5 billion and is said to be in talks with investors ahead of its planned initial public offering in Hong… Read More ›
New Cash Streams for a Start-Up Fueled by India’s ‘Black Money’ Cleanup
India’s ban on 500 and 1,000 rupee notes has opened up a new revenue stream for one Delhi-based start-up even though it might have sent the country into chaos. People are queuing up in banks for hours to exchange their… Read More ›
Airbus granted 2nd license for sale of 100 civilian aircrafts to Iran
While Republican President-elect Donald Trump equation with Iran is well known, the move to disallow and cancel such sale would draw heat from U.S. partners who were party to the nuclear agreement. Furthermore, if the move to cancel the agreement… Read More ›
District Judge Amos Mazzant blocks Obama’s rule on overtime payments
In this significant ruling which will affect the lives of almost every salaried class in most sectors of the U.S. economy, the Obama appointed judge has ruled that overtime payments to workers cannot be created based on salary levels alone…. Read More ›
As Trump vows TPP withdrawal, Japam, China Stepping in
Even as U.S. President-elect Donald Trump said in a video message that his administration will pull out of the trade deal, Japan on Tuesday reaffirmed its commitment to the Trans Pacific Partnership (TPP). The trade pact was meant to solidify the U.S.’s presence in what is considered… Read More ›
After Drastic Withdrawal of Cash Supplies, Pain and Gain for India’s Economy: Analysts
As a cash crunch grips India, a commonplace picture now in the country is long queues outside bank branches and ATMs, frowning faces of small business owners and stranded tourists. But analysts argue that though they see short-term pain for… Read More ›
Britain lost $1.5 trillion because of Brexit – Credit Suisse
In an interesting study by Zurich-based Credit Suisse, while wealth worth $1.5 trillion has been eroded from its economy following its historic decision to divorce the EU, its predictions for the years ranging from 20016 to 2021, include the rise… Read More ›
Donald Trump’s withdrawal from TPP could significantly affect US companies
The risk profiles of tech companies, including Google, Facebook will increase if the United States withdraws from the TPP, especially in the light of the European Court of Justice’s ruling in the wake of mass surveillance in the United States…. Read More ›
Scotland prefers to remain with the EU than with Britain
On the very day British Brexit Minister, David Davis was in Brexit to meet EU’s chief negotiator, Scotland’s Brexit Minister, Mike Russel has made it amply clear that the country prefers to stay with the EU. According to Scotland’s lead… Read More ›
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