Between the intervening time period from the third quarter of 2016, the time soon after the Brexit referendum, and the first quarter of 2018, there has been a loss of £35 billion ($46 billion) in output in the UK economy… Read More ›
Geopolitics
‘Historic’ Debt Relief Deal Hailed By Greece
The long-awaited debt relief deal for Greece to which the Eurozone countries have agreed to has been hailed as “historic”. The deal enhances the grace period for which Greece will pay little or no interest and also allows Athens greater… Read More ›
Sino-U.S. Trade Was Is Actually A ‘Tech War’, Claims Foxconn
Describing the trade tensions between the United States and China as the biggest challenge the Taiwanese company Foxconn is facing, the world’s largest electronics contract manufacturer has said that the two countries ate are engaged in a technology war and… Read More ›
‘Negative’ Brexit Impact A Threat For Future Of Airbus In UK
Airbus has warned the UK government about the “severe negative consequences” of Brexit which could force the aerospace giant to exit Britain. The government has said that it will hold discussions with the company. It has been two years that… Read More ›
Trade tensions keeping FX market in a boil
Investor appetite in commodity-linked currencies is thin midst the series of body blows from the U.S. that is acting as shock waves to global trade. On Monday, a rally in the Euro gave way to the dollar, which edged up,… Read More ›
Softening Stance Of Iran Raises Hope Of Opec Raising Oil Output
For Saudi Arabia and non-OPEC Russia, it has almost become a near-consensus proposal that oil production would be increased by about 1 million bpd, or around 1% of the global oil supply. Apparently, Saudi Arabia has been able to convince… Read More ›
Retaliatory Tariffs By EU On US Goods Implemented This Week
With a top official of the European Union (EU) launching a fresh series of attacks on the trade policies of US President Donald Trump, the EU introduced retaliatory tariffs on US goods. The tariffs have been imposed on €2.8bn (£2.4bn)… Read More ›
EU Response to U.S. trade tariffs will bring increased clarity
The EU is likely to go in for a negotiated settlement in its trade tariffs spat with the U.S. On Friday, a spokeswoman for Germany’s economy minister stated, a negotiated solution will be sought to the EU-US trade tariffs and… Read More ›
UN Chief Says Stronger EU, “Fair Globalization” Is Needed By The World
The world would need a stronger and “more intervening” European Union, believes UN Secretary General Antonio Guterres. The European Union is “missing action” in a number of areas where it is needed by the UN and others, Guterres said while… Read More ›
Daimler sees its 2018-2019 profit dip due to U.S.-China trade tensions
Daimler has warned, any further escalation in the trade row “would be harmful for all stakeholders”. German luxury carmaker Daimler cut its 2018 profit forecast citing growing signs of import tariff wars between the United Statea and China as well… Read More ›
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