German insurance giant Allianz said that over the past four years, 200 billion euros ($223 billion) has been lost in investment income by German households due to their overcautious attitude. Rather than investing in shares or funds, Germans lost out by keeping… Read More ›
Ugly shoes are the new craze in America. Stretchy laminated sneakers and weird, fur-striped sandals are being sold by Zara. And celebrities and fashion editors are wearing clunky black-and-white Adidas slippers. Some mystifying, ultra-shaggy slip-ons were designed by Gucci. Awkward, curvey… Read More ›
The European Commission has granted Google more time to respond to its antitrust charges. If convicted Google will have to shell out $7.4 billion for each charge of up to 10% of its global turnover. The European Commission has informed… Read More ›
According to new research by independent advisory firm Capital Economics, the cash that is held overseas by U.S. firms is very unlikely to be ever repatriated and the report also states that the amount of cash held overseas by U.S…. Read More ›
A number of foreign companies, including Siemens and GE, have announced their plans on investing in the Argentinian economy. Yet another foreign company has announced plans to invest in the Argentinian economy ever since President Mauricio Macri took office. According… Read More ›
Passporting rights in the EU give Britain much of its financial clout. Brexit has now cast its long shadow over it. In a statement that could shed further light on the stakes of the on-going negotiations between London and EU,… Read More ›
Sometimes, culinary trends and political ones move together. While a recent falling-out with the French led to the invention of “freedom fries”, Sauerkraut was renamed “liberty cabbage” when the U.S. was at war with Germany. However sometimes they move in… Read More ›
The advent of deflationary forces and the slamming of brakes on global growth is being blamed on global current-account imbalances which is being claimed to be back. And an effective, international policy response to the problem is likely to be a long… Read More ›
Even at $7 billion the settlement amount would be absurdly high. Incidentally Deutsche Bank has been one of the most successful European players on Wall Street. This success has however led to a slew of lawsuits being filed against it,… Read More ›
GE’s contract relates to the country’s Hinkley Point nuclear power plant. In what is likely to be a fallout of Britain’s decision to leave the European Union, the country has now awarded General Electric Co a contract worth $1.9 billion… Read More ›
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