Given the present conditions, the bank’s top management could once again forego their yearly bonus. According to Deutsche Bank’s retail chief, interest rates in the Eurozone could be hovering around the 1% mark after 3 years. Christian Sewing, Deutsche Bank’s… Read More ›
While China is quickly entering the list of economies that are among the greatest innovators, the European economies continue to dominate the ranks of the world’s most innovative countries. This was revealed after a study conducted jointly by the World… Read More ›
The race to tap the wealth held by Muslim individuals, institutions and government worth $11.5 trillion is intensifying. Expanding an industry that’s lured global money managers from BNP Paribas SA to Schroder Investment Management Ltd in the past year, the asset management units… Read More ›
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
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