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 ›
Geopolitics
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 ›
45% chance of a Hard Brexit: Goldman Sachs
With Boris Johnson emerging as Britain;s next Prime Minister, he will have just over 3 months to deliver on Brexit. On Tuesday, Goldman Sachs raised its estimate of Brexit from 35% to 40% saying the “hurdle” to stop a hard… Read More ›
With A 93% Tariff, US Wines Are The Hardest Hit In The US-China Trade War
The current rate of taxation on American wine – post the latest retaliatory tariff imposed by China on United States products is as high as 93 per cent. This extremely high rate of import tariff has put the product out… Read More ›
Shares Jump By Upto 500% At Nasdaq-Style Chinese Market
A new stock exchange in China’s Changhai which has been developed on the style of the United States’ exchange Nasdaq saw shares on the exchange shoot up by as much as 500 per cent. Analysts see this as a clear… Read More ›
Iran-UK Tensions Rise Over Tanker Seizures
Following the seizure of a British-flagged oil tanker by Iran, tensions between the United Kingdom and Iran has flared up with Iran Tehran warning London not to escalate the situation. The UK had called the seizure as being a “hostile”… Read More ›
Saudi Arabia allows Iranian oil tanker, Happiness 1, to sail back to Iran
In the last few weeks, there has been rising tension revolving around Iran and oil tankers in the Persian gulf. In a development that could potentially ease rising tensions in the Gulf, Iran stated it appreciates Saudi Arabia’s efforts in… Read More ›
UK Warns Iran Of Treading “Dangerous Path’ Over Tanker Seizure
The decision of Iran to seize a British-flagged tanker in the Gulf is pushing the country towards a “dangerous path” of “illegal and destabilising” behavior, said the British foreign secretary commenting on the incident. The seized tanker is called Stena… Read More ›
After Retail Business, Hong Kong Protests Is Hitting Luxury Business
In recent months, a string of protests by common citizens of Hong Kong has not only created political tensions in the city, it has also hit business – especially those in the luxury segment. The latest luxury brand in a… Read More ›
Slowing Economy Forces IEA To Cut Down 2019 Oil Demand Forecast: Reuters
The slowing down of the global economy, partially because of the trade war between the United States and China has forced the International Energy Agency (IEA) to bring down its oil demand forecast for 2019 The executive director of the… Read More ›
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