The news was announced by Italian Prime Minister Matteo Renzi at a conference in the plant. Italian Prime Minister Matteo Renzi has disclosed that Fiat Chrysler Automobiles will be creating as many as 2,000 new jobs at its Alfa Romeo… Read More ›
Economy & Finance
Trump’s Decision to Kill the TPP Makes Chinese Officials ‘Lick Their Lips’
The issue of Donald Trump turning his back on a major U.S.-led Pacific trade pact has more than pleased Beijing. Officials in China are excited about President-elect Trump’s plan to withdraw from U.S. participation in the planned Trans Pacific Partnership, said Ian Bremmer,… Read More ›
Is a Technical Recession to Hit Singapore’s Economy?
With analysts forecasting a rocky path ahead that will include a technical recession, economic growth has stumbled in Singapore. While a technical recession would be two quarters of quarterly contraction, a recession is defined as two consecutive quarters of on-year… Read More ›
EU-US agree on data sharing deal on security and terrorism
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 ›
$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 ›