Zhu Guangyao has warmed up to the impending hike in U.S. interest rates, saying it is good for China and for global economies. The Chinese vice finance minister, Zhu Guangyao, has welcomed the U.S. Federal Reserve’s decision to hike interest… Read More ›
India has decided to take the fight to the mighty while governments around the world are shocked how little taxes multinationals pay. From Wednesday, the Indian government would collect 6 cents out of every dollar that Indian merchants pay to advertise their… Read More ›
Domestic companies in China which have fraudulently obtained vast amounts of subsidies from various local governments have allegedly overrun the mainland China’s growing robotics sector say industry insiders. “The industry is now in a subsidies-driven bubble. It’s time to launch… Read More ›
In the latest sign of Venezuela’s growing isolation and economic, social and political turmoil, the German airline Lufthansa cancelled its flights between Germany and the South American socialist country over the weekend. According to the International Monetary Fund, with hyperinflation averaging… Read More ›
The most players in the oil industry is struggling to stay afloat due to the low prices and oversupply of oil, one segment of the industry seems to be gaining from all this turmoil. In recent years with oversupply of… Read More ›
The U.S. government has reported a larger-than-expected drop in crude inventories. For the first time in seven months Brent crude rose to levels above $50 a barrel. Asian shares however did not ride this wave as they are still struggling… Read More ›
Does Bayer’s acquisition strategy of Monsanto factor in the ECB bond buying program? It would be brilliant if it has in fact factored that in. According to the terms of the European Central Bank’s bond buying program, Bayer would be… Read More ›
Strong Private consumption and government spending have boosted Germany GDP growth rate. As per available economic data, Germany’s GDP rose by 0.7% in the first quarter of this year thanks to higher construction investment and stronger private consumption. Analysts have… Read More ›
Sixteen major banks have been accused of conspiring to manipulate the Libor benchmark interest rate by a US appeals court on Monday which reinstated a civil lawsuit against the banks. the judges warned that the institutions could be bankrupted by the… Read More ›
Debates and discussions are on in Switzerland about giving its people $2,500 a month for doing nothing. A vote that would decide whether the government should replace the various welfare benefits with the introduction of an unconditional basic income is… Read More ›
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