On Sunday, British foreign minister Dominic Raab stated Britain’s negotiations with the European Union over Brexit are positioned reasonably well, with some progress made on competition issues; however significant differences continue remain on fishing. “I do think we’re in a… Read More ›
Entrepreneurship
HSBC mulling exit from U.S. retail banking sector
According to a report from the Financial Times, HSBC Holdings Plc is weighing options which includes a complete exit from the U.S. retail banking market. The development comes in the wake of the bank struggling to improve its performance in… Read More ›
China continues trade war against Australia, imposes punitive tariffs on Australian wine exports
Continuing its efforts in an attempt to bully Australia, on Friday, China’s Ministry of Commerce said, it will temporary impose anti-dumping measures on Australian wine from November 28, 2020. The move will further escalate trade and diplomatic tensions between Canberra… Read More ›
Amsterdam’s Schiphol Airport gears up chilled warehouses for COVID19 vaccine storage, transportation
In a significant development, Amsterdam’s Schiphol Airport stated, its workers are gearing up for a surge in the storing of COVID-19 vaccine cargos, which will be flown around the world at ultra-low temperatures. To that end, it has prepared its… Read More ›
Tesla raises prices across product range in Europe
According to Tesla Inc’s website, it has increased the prices of its Model S sedan across Europe with rates varying according to different countries. In Germany for example, the Model S currently stands at $97,699.28 (81,990 euros), against its earlier… Read More ›
China’s Geely Automobile issues termination of dealership agreement with Sweden’s Bilia
In a statement, Swedish car dealership chain Bilia said, it has received a notice of termination for its dealer agreements with Volvo Cars in Norway and Sweden. The termination, which has a notice period of two years, covers both Bilia’s… Read More ›
COVID-19 vaccination could start from year end: Macron
In a significant development, French President Emmanuel Macron stated, France could potentially commence administration a COVID-19 vaccine as early as the end of this year, as soon as it is approved by regulators. “We are going to organise a swift… Read More ›
Swiss specialty chemicals giant Clariant AG cuts 1,000 jobs midst divestments
On Wednesday, Swiss speciality chemicals giant Clariant AG stated, it plans on cutting nearly 1,000 jobs as it tappers down midst a series of divestments. “The rightsizing program foresees a reduction of approximately 1,000 positions in service and regional structures…. Read More ›
UK Car Industry Will Face Additional Cost $74 Billion By 2025 For A No-Deal Brexit
If there is no free trade deal between the United Kingdom and the European Union by the end of the year, the car industry of the UK could lose 55.4 billion pounds ($74 billion) in tariffs by 2025, the Britain’s… Read More ›
New Telecom Law Could Pose Fines Of 10% Of Revenues Of British Telcos For Using Huawei Equipment
A new law that was announced in the British parliament on Tuesday shows that large fines could be faced by British telecom companies if they are unable to tighten security in their networks. Enhancing the security in the 5G and… Read More ›