There has been slowdown in the growth of the German economy in the second quarter of 2016. However contrary to expectations the growth, clocked at 0.4 percent, was better than what had been predicted. This was revealed in flash estimates… Read More ›
Economy & Finance
Dodging Recession, Hong Kong Notes an Expansion in its Economy, its Most Since 2011
A pick up in exports helped offset sluggish retail sales in Hong Kong as the city’s economy grew at the fastest pace since March 2011. The government of Hong Kong said in a statement on Friday that in the three… Read More ›
Russia Fines Google for Breaking Antitrust Rules with Android
In what is representative of a latest in a growing list of global regulatory problems for the American search giant – Google, Russian antitrust officials fined a relatively small penalty of $6.8 million on Thursday on the company. By favoring… Read More ›
Further Fines Threatened as Airbnb Faces Crackdown from Barcelona Authorities
Hundreds of homes have been ordered to be removed from listings in Airbnb and hitting firms with a fine, while threatening more in the future by authorities in Barcelona during a stepped up crackdown against the company and on homes… Read More ›
Niesr says Shrinkage in UK Economy in July Post Brexit Vote as Activity Falls
As the impact of the Brexit vote led to a pronounced weakening in economic activity, the UK economy shrank last month, claimed one of Britain’s leading economic thinktanks. The gross domestic product contracted by 0.2% in July, estimated the National… Read More ›
Market Abuzz with Expectations from September OPEC Meeting
Oil prices have been driven higher and shorts in the futures market have been squeezed out with just the whiff of an OPEC meeting and this has in turn made it more unlikely that any action would be taken by… Read More ›
28 companies urge the U.S. Justice Department to oversee VW $2 billion settlement
The $2 billion dollar is seen as a “game changer” by electric vehicle charging companies thus they wants its usage overseen by an independent regulator. As part of the penalties imposed on Volkswagen wherein it will have to spend $2… Read More ›
Measures to Boost Competition to be Implemented by U.K. Banking watch
At the center of measures intended to bolster competition in the banking sector in the U.K. are expected to have overdraft fees and an easier system of moving personal and small business accounts. The measures focus on how customers can… Read More ›
More Rate Cuts and ‘Quantitative Easing’ could be Resorted to by Australian Reserve Bank: NAB
Experts have warned that if global headwinds persistently continue to weigh on the economy, US and European-style monetary easing policies could be needed to be followed by the Reserve Bank of Australia in addition to it being forced to cut… Read More ›
In-Home Care Market for Elderly Targeted by Technology Startups
It is deplorable that technology has done little to help people in taking care for older relatives even as decades of medical breakthroughs have improved the quality and length of life. However, automating caregiver-family matches, post customer feedback, creating schedules… Read More ›