London is no longer the world’s most expensive city for companies to locate staff since there has been a slump in the sterling after Brexit, said luxury real estate firm Savills. The British pound is down by around 11 percent… Read More ›
Economy & Finance
36 Percent Haircut and Debt Token to be Given to Customers of Bitfinex Exchange
Customers would stand to lose just over 36 percent of the assets they had on the platform but would be compensated for these losses with tokens of credit, crypto-currency exchange Bitfinex, which lost $72 million to hackers last week, told… Read More ›
Jet Order Race Sees Airbus Closing in on Rival Boeing
After booking about half of the 197 firm sales unveiled at last month’s Farnborough Airshow, the latest data from Airbus and Boeing shows that the former has virtually closed the gap with Boeing in their intense battle for airliner orders… Read More ›
Brexit will impact Goldman Sachs’s operations
Goldman Sachs is in the process of restructuring its business so as to continue its operations in EU and Britain and service its clientele. In a significant development, the Goldman Sachs Group has disclosed that Britain’s historic decision to leave… Read More ›
Bank of England cuts interest rates, revives bond buying program
Britain’s central bank has stated that it will take “whatever action is necessary” to stabilise the country’s economy. With the Bank of England cutting interest rates and reviving its bond buying program to cushion Britain’s economy from the shockwaves of… Read More ›
London’s Clearing Business Becomes Key Battleground in Post Brexit U.K.
In the post-Brexit battle for London’s financial-services industry, an obscure back-office function intended to bring more stability to trading has emerged as a pawn. Now that French and German officials have already targeted the industry, there are signs the U.K. is… Read More ›
US Heath System Loosing $290 Billion per Year to Patients Skipping Meds
A new survey into drug intake trends in the U.S. says that nearly 125,000 people are killed in the country each year and costs the U.S. health care system $290 billion annually due to patients missing out on their medication… Read More ›
Reduced tax breaks for 1.6L engine cars in China to negatively impact VW
Although China Association of Automobile Manufacturers (CAAM) is pushing to make the tax break permanent, any downward revision of the tax break will affect VW’s China operations. According to the head of VW’s China operations, the planned retraction of tax… Read More ›
Facebook allows small businesses to sell through their FB pages
Through this strategic step, FB is trying to tap the fast growing economies of Asia as other markets are largely saturated. Social media giant, Facebook Inc. has disclosed that it will allow small businesses in emerging markets to sell their… Read More ›
Coffee Cups Next to be Charged in UK After Charge on Plastic Grocery Bags?
The British government has forecast there will be 6 billion fewer bags in circulation and a boost to the environment, thanks to a 5 pence (6 cent) charge on single-use plastic grocery bags in the U.K. “Taking six billion plastic… Read More ›
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