Consider this snapshot: last year the UK imported food and drink worth 48 billion pounds, 71% of which were not subject to tariffs. As per the results of a study commission by Barclays that was released on Thursday, food suppliers… Read More ›
Geopolitics
German institutes warn of major recession in EU and Germany if trade conflict with the U.S. escalates
Germany, the EU’s biggest economy, thrives on its exports of cars to the U.S. EU’s retaliatory measures could also significant slow down the U.S. economy if not trigger a major recession there. On Thursday, leading economic institutes from Germany disclosed,… Read More ›
Central Bank Chief Of Argentina Resigns After Just Three Months On The Post
The chief of the central bank of Argentina has resigned reportedly over disagreement about measures and policies for restoring confidence in the country’s economy that is in a dire state. The country’s currency peso tumbled against the US dollar following… Read More ›
‘No Brexit’ deal will have a devastating impact on the car industry
British and EU’s carmakers will feel the effect of a cliff hanger Brexit. With Brexit’s March 29 deadline fast approaching and faced with growing fears of a cliffhanger exit , Britain’s carmakers have triggered some of their Brexit contingency plans,… Read More ›
U.S. would lose multiple front trade war: ECB study
The ECB’s simulation shows the U.S. will have bear the full brunt of the trade war, if Trump were to engage in it with more than a one country. In March Trump had said, trade wars were “… an easy… Read More ›
U.S. trade tariff’s unlikely to directly translate into more jobs
One of the more significant reasons why Trump’s tariffs will not translate into more U.S. jobs is that consumers are not willing to pay a premium for ‘Made in USA’ goods when goods of the same quality is available for… Read More ›
Scientists Find Out 5 Subtypes For The Killer Type 2 Diabetes
American scientists have managed to find out five distinct groups of DNA sites with the help of genomic data. The identified DNA sites are believed to be the root cause of distinct forms of type 2 diabetes. This discovery would… Read More ›
All options on the table, including second Brexit referendum: Jeremy Corbyn
Britain’s Brexit negotiations promises to reach charismatic climax typically seen in the Mission Impossible series of movies. BBC’s political editor, Laura Kuenssberg’s tweet states, the Labour Party wants all options on the table. Apart from the obvious political impact, the… Read More ›
China to publish white paper on trade war with U.S.
Xinhua’s report has not provided any details other than the the time the report is set to be published and that it will include “facts and China’s position”. On Monday, China’s official Xinhua news agency reported that Beijing’s state council… Read More ›
British PM Essentially Rejects EU Brexit Proposals Following EU Meeting in Salzburg
British Prime Minister Theresa May clearly refused any proposal by the European Union which would effectively translate into creating a North Ireland border which would make it a part of the EU rules and regulations The proposal by the EU… Read More ›
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