EU leaders have prepared a draft guideline for Michel Barnier, EU’s Brexit negotiator Michel Barnier, before the commencing of Brexit negotiations. Leaders across the European Union have warned Britain that if it were to assume that its financial services industry… Read More ›
Entrepreneurship
A 20% duty hike on Canadian timber will make the cost of home material and renovation costlier for U.S. citizens
The U.S. has alleged that Canadian timber is procured from government land while back home in the U.S. they had to cut timber from private lands. It would be interesting to see who own these vast tracts of land and… Read More ›
Musk pushing the envelope in the Model 3’s production strategy
Earlier Musk had spoken about his vision to investors with the production line working like an “alien dreadnought” factory in which robots and artificial intelligence are predominantly used to build cars. The vision will however take a while to materialise… Read More ›
With The Aim To Invest In Digital Currency, New Global Fund To Raise $300 Million
As fund managers and investors seek to tap growing demand for virtual assets that allow for instant, borderless transactions, Alphabit, a global fund that invests in digital currencies, has been launched with a target of $300 million. The co-founder of… Read More ›
The violation of consumer protection laws
The fire power of Republican attorney generals could protect Exxon Mobil against probing questions of whether it willfully violated consumer protection laws. As per a filing in the U.S. District Court in Manhattan, a group of eleven state attorneys general… Read More ›
U.S. Federal Reserve fines Deutsche Bank $156.6 million for violating forex rules
Transcript of traders communicating in online chat rooms, which had led Deutsche Bank to settle in an earlier probe by Brazil’s antitrust watchdog Cade in December, show that banks had worked together to manipulate forex rates. The U.S. Federal Reserve… Read More ›
American Material Handling Equipment wins $925 million defense contract
The fixed price contract is subject to market changes and has a ceiling of $925 million. The Pentagon has disclosed that American Material Handling Equipment Inc has been awarded a maximum of $925 million for a fixed-price with economic-price-adjustment defense… Read More ›
Trump pulls up China over cheap steel import
The Trump administration has taken China to task for its strategy of dumping cheap imports, in this case steel, into other countries as a policy. Citing national security concerns, U.S. President Donald Trump has launched a probe against exporters of… Read More ›
For Bidding For Aramco IPO, China Gathers State-Led Consortium: Reuters
In order to act as a cornerstone investor in the initial public offering of Saudi Aramco, China is creating a consortium, including state-owned oil giants and banks and its sovereign wealth fund, reported Reuters citing people with knowledge of the… Read More ›
Brexit is more than just what meets the eye
Here are the views of EU’s foreign policy chief on Brexit during her visit to Beijing. Federica Mogherini, the European Union’s foreign policy chief, has stated that Britain is set to lose more than just its membership in the EU… Read More ›