As much as £50 million ($66.5 million) could be spent to relocate to the European Union (EU) by London-based banks looking to pack up after Brexit, claims a report that was published recently. On an average, £50,000 ($66,252) per employee… Read More ›
The overcapacity has led China to dump steel in export markets. Jean Claude Junker, the European Commissioner has made it clear to his Chinese counterpart that China’s overcapacity in the steel sector is a very serious issue. By far the… Read More ›
Here’s BlackRock’s take on Brexit. As per BlackRock, in the coming years, it is likely that Britain will face a recession and its growth rate trimmed by at least 0.5% point as a result of Brexit. “Recession is now our… Read More ›
Even as the nationwide celebrations across Portugal which began this weekend after the country’s football team won the Euro cup would take some more time to settle down, analysts have said that it was also time for the nation to… Read More ›
The International Monetary Fund has noted that “very high” amounts of non-performing loans and slow judicial processes were straining bank balance sheets and have called for action over concerns relating to the bail-in of retail investors in Italy. The IMF… Read More ›
Although she has made her intentions clear saying “Brexit means Brexit”, she will she have to get the numbers in order to pass act of parliament that will kickstart the leaving process. Theresa May, 59, Britain’s Interior Minister, is set… Read More ›
Betting that rising wealth in Asia would continue to boost air travel and offset any short-term hits to the global economy, Airbus and Boeing raised their long-term forecasts for new aircraft demand on Monday. At the biennial Farnborough Airshow, which… Read More ›
There would be no turning back from the decision to leave the bloc and the U.K. is expected to kick off its European Union (EU) exit negotiations as soon as a new prime minister is in place, said German Chancellor… Read More ›
The upcoming summit could potentially sooth strained following Brexit. Ahead of the China-EU summit, Cecilia Malmstrom, the EU’s trade Commissioner, was of the opinion that upcoming planned investment deals could boost the level playing field for European and Chinese companies…. Read More ›
After Lenovo recently showed off a flexible device that can wrap around a user’s wrist, the Chinese technology firm’s head of mobile said that bendable smartphones could be a reality in five years. The concept of CPlus, which has a… Read More ›
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