How can China be a developing nation when its GDP is the second largest in the world ? In a development that will have major repercussions on the Chinese economy, U.S. President Donald Trump has pressed the World Trade Organization… Read More ›
Entrepreneurship
U.S. Justice Department approves T-Mobile’s merger with Sprint
T-Mobile’s $26 billion bid to acquire rival Sprint Corp has been approved by the U.S. Justice Department. The breakthrough comes after the deal was caught for more than a year in regulatory limbo. In a significant development, the U.S. Justice… Read More ›
U.S. regulators increases oversight on resolution plans for foreign banks
Resolution plans, also known as living wills, require large banks to detail how they could be unwound in cases of bankruptcy with minimal disruption to the financial system. In a significant development, U.S. bank regulators stated they have not found… Read More ›
Samsung To Launch Foldable Phone Galaxy Fold In September After Screen Fix
The initial launch of Samsung’s first foldable smartphone was delayed after some technical issues were discovered in it. Now the company says that the problems have been fixed and the phones would be available for sale in the market form… Read More ›
Climate Action Rebate Act could generate $2.5 trillion in 10 years
Plans are afoot to get bipartisan backing for this bill. On Thursday, two Democratic U.S. senators are set to unveil a bill which aims to reduce climate change by slapping a fee on oil, natural gas and coal; the bulk… Read More ›
Daimler not currently pursuing merger or spin-off plans
There is currently no plan to change Daimler’s capital structure, said Daimler’s CEO.
Philippines’ Jollibee Foods Corp acquires Coffee Bean & Tea Leaf for $100 million
Jollibee Foods Corp is the biggest fastfood chain in the Philippines. On Wednesday, Philippines’ Jollibee Foods Corp stated it is in the process of acquiring Coffee Bean & Tea Leaf, a U.S. brand, for $100 million. In a financial disclosure… Read More ›
KKR & Co acquires Arnott’s Biscuits for $2.2 billion
Arnott’s Biscuits is a brand that belongs to Campbell Soup Co. This is the second time in a week, that an offshore business has acquired an Australian food and drink business. According to a report from the Australian Financial Review,… Read More ›
EU will retaliate if US slaps tariffs on EU car exports
The EU has made it lucidly clear that it will retaliate with $39.1 billion of U.S. goods if Washington was to go ahead with its threat to impose tariffs on EU car exports. In a warning to Washington, the European… Read More ›
Bank of England will have to be flexible and fast in responding to Brexit
Britain’s central bank will have to double down on its monitoring of the British economy so as to minimize any potential impact from Brexit. On Tuesday, Andy Haldane, Bank of England’s Chief Economist stated, given the economic prospects facing the… Read More ›
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