Any pending supervisory concerns for the London-based banks relocation relocating to the Euro Zone will be addressed in the coming weeks. In a statement that essentially amounts to a call for action, European Central Bank supervisory chief Anrea Enria stated,… Read More ›
Geopolitics
Tariffs on EU auto exports to the U.S. could result in EU reneging on its purchase commitments from the U.S.
The head of the European Commission, Jean-Claude Juncker, stated, he had a deal with U.S. President Donald Trump which ensures that Washington will not impose tariffs on EU car exports to the U.S. for the time being. In a clear… Read More ›
Brazil seeks $203.6 million in compensation for from EU for imposing tariffs on Brazilian steel
In the event the EU does not pay up, Brazil is likely to impose additional tariffs on hike up existing ones, including the one on powdered milk. Following the imposition of import tariffs by the European Union on Brazil, the… Read More ›
Warning Of Price Rise After Bexit For UK Consumers Issued By Porsche
Following the exit of the United Kingdom from the European Union, there would potentially be an increase in the price of its cars in Britain, warned Porsche. A clause that where in a buyer agrees to a potential tariff is… Read More ›
Possible To Contain Huawei Risk In 5G: UK Security Chief
It would be possible to contain the potential risk of security of making use of telecommunication equipments from the Chinese telecom equipment giant Huawei in the upcoming new 5G mobile networks in the Unite3d Kingdom, UK security chiefs have advised… Read More ›
Businesses testing their Brexit-preparations ahead of Brexit: KPMG
With just 40 days to go before Brexit, businesses are making sure they have sufficient cash reserves and inventories in case of a cliff-hanger Brexit. With just 40 days to go before the scheduled kickoff of the United Kingdom from… Read More ›
Global automakers brace for potential tariffs on autos and car parts
The U.S. Commerce Department is slated to send a confidential report to U.S. President Donald Trump clearing the way for him to potentially impose tariffs on imported autos and auto parts on the grounds that they threaten U.S. national security…. Read More ›
Theresa May’s Brexit plan faces symbolic defeat in parliament
The development revealed that Pro-Brexit members within party are a major stumbling block to passing any agreement. British Prime Minister Theresa May’s Brexit plan suffered yet another humiliating defeat on Thursday. As a result the development has undermined her pledge… Read More ›
Recruiting EU Staff For London Proving Difficult For Millennium & Copthorne
The London based hotels of international hotel group Millennium & Copthorne is not being able to satisfactorily recruit employees from EU countries because of the uncertainty surrounding the imposition of Brexit in less than 50 days time, the hotel chain… Read More ›
Surprising Drop In US Retail Growth In December Weakens Growth Outlook
A United States government report on Thursday has shown a surprising drop in retail sales in the country for the month of December which cast shadows over the economic growth outlook for the country and which would probably induce the… Read More ›