On the campaign trail, Trump had called the TPP a job killer and a disaster. The withdrawal of the US from the 12-nation trade deal would make pointless. With U.S. President-elect Donald Trump stating he would withdraw from the pan-pacific… Read More ›
In the wake of the financial crisis, the G20 has come up with a list of 30 global lenders who are deemed as too important to fail. Citi has joined the global regulators’ list of banks which are systemically important… Read More ›
The newly empowered currency vigilantes are slated to get their latest chance to pounce by Italy’s constitutional referendum. The best way to express concern that Prime Minister Matteo Renzi’s reforms will become the latest victim of a rising populist mood… Read More ›
When the U.K.’s Chancellor Philip Hammond presents the government’s first “Autumn Statement” on the state of the economy after the Brexit vote, he will be in the spotlight on Wednesday. For clarity on what the government’s economic plans are after the decision to… Read More ›
To house inmates serving federal sentences, it would stop contracting with private prisons, the U.S. Department of Justice issued a statement making the announcement in August. The stocks of Corrections Corporation of America, the world’s largest private prison company were… Read More ›
A second wind in old fears – terrorism and fake news, has provided some flight to China’s ambitions to tighten up regulation of the Internet. Pointing to the ability of militants to organize online and the spread of false news… Read More ›
In a compromise which leaves Volkswagen’s profitability still lagging rivals, the carmaker and its labor unions agreed to cut 30,000 jobs at the core VW brand. The company in turn committed to avoid forced redundancies in Germany until 2025. The… Read More ›
A renewed interest in bitcoin among India’s consumers has been sparked by Indian Prime Minister Narendra Modi’s decision to withdraw 500 and 1000 rupee notes from circulation. According to The Hindustan Times, sales volumes for bitcoin increased on several exchanges… Read More ›
Since 22 years, under NAFTA, the auto industry and their suppliers have worked as if there were no borders between Canada, U.S. and Mexico. If Donald Trump revisits the agreement and if Canadian manufacturers and exporters prioritize the U.S. over… Read More ›
A market recovery in the shipping sector was signaled as the Baltic Dry Index (BDI) reached its highest level since August 2015. The Baltic Dry Index (BDI) is an indicator of the shipping costs for bulk commodities. With overcapacity bringing… Read More ›
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