Since divorcing the EU is likely to significantly dent its business potential, Theresa May has started a whirlwind tour to offset this loss, explore further business opportunities and kickstart the stalling British economy. Sky News has reported that Theresa May’s… Read More ›
Economy & Finance
UAE’s Dubai Aerospace finances Iran’s purchase of 17 jets from Airbus
With its economy being isolated for so long, business deals with Iran has immense potential. According to sources familiar with this move, Iran has broken the logjam in its efforts to buy aircrafts from Airbus. It has reached a deal… Read More ›
Return of Sparring With Iran Could See Saudis Raising Oil Output Again: Reuters
OPEC sources reportedly said that if Tehran refuses to limit its supply, Riyadh says it could raise oil output steeply to bring prices down, stirring up old disputes between Saudi Arabia and rival Iran which resurfaced at a meeting of… Read More ›
Possible U.S. Price Fixing Brings Drugmakers Under Fire
Calls to probe whether Sanofi SA, Eli Lilly and Co, Merck & Co Inc and Novo Nordisk A/S colluded to set prices for insulin and other diabetes drugs was made by two prominent U.S. lawmakers who appealed to the federal… Read More ›
In Brexit Christmas Pinch, Apple, Electrolux Raise U.K. Prices
By charging more for their products in Britain, Apple Inc. and Electrolux AB responded to the falling pound as the Brexit squeeze on U.K. consumers tightened. While Sweden’s Electrolux said it’s boosting the prices of its home appliances by 10… Read More ›
Accounting Scandal Results in Tesco Facing £100m Claim from Investors
A group of investors say that the supermarket Tesco made misleading statements to the stock market and as a result the company is facing a claim of more than £100m in damages. Involved in the claim filed by law firm… Read More ›
After Biggest Banks Write Off Billions, China’s Bad Debt Problem Comes in Emerges
Diminishing hopes that the industry could start to put the worst of China debt problem behind it next year while the non-performing loan (NPL) ratio is still climbing, China’s big five banks are losing money from writing off bad debt… Read More ›
Britain to splurge $2.32 billion boost cyber defences
In an increasingly connected world safeguarding national infrastructure is of prime importance. According to a statement from the British Treasury, Britain will spend $2.32 billion (1.92 billion pound) to boost its cyber security defences. Britain’s new National Cyber Security Strategy… Read More ›
The SEC has a new weapon to detect insider trading
The SEC’s Analysis and Detection Centre uses various pattern analysis methods on Big Data to detect insider trading. Earlier in May this year, when Gary Pusey, a plumber, pleaded guilty to insider trading, it wasn’t a victory for just the… Read More ›
Price Hikes are Being Mulled by China’s Factory to the World
After years of undercutting rivals with cheaper costs, China’s factories may be on the cusp of delivering a new shock to the global economy. Increases in prices could reverberate around the world this time. Now caught in a squeeze between… Read More ›