Sitting at more than double the balance at the start of this century, the world is awash with $152 trillion dollars of debt which is at an all-time high, according to the IMF. This debt mountain signifies the extent to which increases in borrowing have… Read More ›
Of late European banks have had a tough time: while they struggle to survive the post-Lehman brothers scenario, Britain’s historic decision to leave the EU has again taken a toll on the sector. As a result their share prices have… Read More ›
“Elites” and business leaders in the UK should end abusive work practices and pay their taxes because “change has got to come” to Britain. This was the message from the British Prime Minister Theresa May as she took a swipe… Read More ›
As BHP Billiton Ltd. considers potential acquisitions and weighs as much as $5 billion in project spending, the company sees oil and gas markets rebounding faster than its mined commodities. Recovering oil prices and efforts to lower costs are making… Read More ›
A second fund will be used for funding startup ventures in Southeast Asia by 500 Startups, the venture firm that successfully backed ride-hailing startup Grab. Managing Partner Khailee Ng plans to invest in 200 seed-stage companies through the $50 million Durian… Read More ›
The process of the sale of as much as 15.7 billion pounds ($20 billion) of Bradford & Bingley mortgages which paused in the wake of the Brexit vote is being restarted by the British government. According to three people with… Read More ›
With Iran no more shackled by U.S. led economic sanctions, Germany has taken the lead, given its historic ties with Iran, in restoring normality between the two nations and boosting trade ties. With Sigmar Gabriel’s, Germany’s Economic Minister, paying a… Read More ›
The lack of clarity as to what Britain seeks from its historic vote and the significant implications vis-à-vis it’s much vaunted financial sector, its largest export, is giving room for increased chaos and confusion. Many of Britain’s biggest banks are… Read More ›
While the leader of the country’s main opposition party called for snap elections, he also said that the leftist Syriza government has set Greece’s economy back two years. “We are ready to win the election and we are ready to… Read More ›
If Nissan gets a Brexit compensation deal then other automakers would need a level playing field, Britain’s biggest carmaker Jaguar Land Rover said that it will “realign its thinking” on investment after Britain’s vote to leave the EU. Signs that… Read More ›
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