The British government has gone on appeal on a London High court ruling which stated that parliamentary approval will have to be required before she triggers Article 50 of the Lisbon Treaty. In what can be stated to be the… Read More ›
Economy & Finance
Spending Rises in U.K., no Sign of Brexit Effect Shown by Economy
As the U.K. economy registered a resilient performance following the Brexit vote, consumers and businesses increased their spending in the third quarter The Office for National Statistics said that business investment increased 0.9 percent and household spending rose 0.7 percent… Read More ›
Success Lies in Oil Market Far, Far Away For OPEC’s Rivals
The long way around is better than any shortcut to success is the realization of the rivals of OPEC seeking to reach its most-prized oil customers. The glut that was exacerbated by its prior strategy of keeping taps open has… Read More ›
Macquarie, ANZ to Pay $11 Million Over Malaysia Rates Probe
After admitting to attempted cartel conduct relating to the setting of a benchmark Malaysian rate in 2011, Macquarie Bank Ltd. and Australia & New Zealand Banking Group Ltd. agreed to pay a combined A$15 million ($11 million) in penalties. Melbourne-based… Read More ›
Fiat Chrysler to hike head count by 2,000 at its Alfa Romeo plant in Italy
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 ›
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 ›
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