Projects with high social welfare and business justifications are unlikely to see a funding cut. While investors in the U.S. are pouring in funds into shale oil, the Saudi government is looking into ways to recoup its investments, running into… Read More ›
Geopolitics
Hedge funds and non-public private funds pour in money into U.S. shale
Technological advancements in shale oil have made it possible to significantly slash sunken costs. This is primarily the reason why investors are pouring in funds in the U.S. shale sector knowing that even if it were to hit $40 a… Read More ›
‘We Will Go To War If They Choose’, Says North Korean Official
Saying the U.S. was becoming “more vicious and more aggressive” under his leadership than it had been under President Barack Obama, North Korea’s vice foreign minister on Friday blamed President Donald Trump for escalating tensions on the Korean Peninsula through his tweets… Read More ›
If Trade Spat Endures, Top Flour Exporter Faces Bigger Wheat Bill
If a food-trade spat with Russia isn’t soon resolved, Turkey may have to pay more for wheat despite the fact that it is the world’s biggest flour exporter. Turkey has slapped restrictions on some agriculture imports in retaliation for a… Read More ›
Western Digital Corp tries to arm twist Toshiba for entering into exclusive talks
Western Digital has more than its foot in the door and is trying to capitalize on its existing joint venture with Toshiba. In a development of strategic nature, Western Digital Corp has shot off a letter to Toshiba, with whom… Read More ›
UK Chamber of Shipping underscores the need for a transitory agreement between the EU and Britain
Without a transitory agreement which governs the customs at ports, May is likely to find it hard to provide seamless, frictionless trade. As per the head of Britain’s ports and shopping industry, the introduction of physical customs checks following Brexit… Read More ›
Broadcom emerges as the highest bidder in the first round of bidding for Toshiba’s chip unit
Foxconn is a close second. Japan, U.S. and Taiwan will have to coordinate more closely so that the Chinese don’t get their hands on U.S. nuclear technology, which has the potential for dual use. As per a source briefed on… Read More ›
As North Korean Regime Warns It’s ‘Ready’ For War, It’s Hidden Submarine Threat Is Another Worry
It is not a far-fetched thought as many might think that North Korea ‘s fully submersible submarines firing a nuclear ballistic missile. Pyongyang has shown a willingness to use its submarines for offensive military actions and made major advances in weapons… Read More ›
The British agricultural sector likely to bear the brunt of Brexit
Here is the likely scenario of the British farmer in a post-Brexit world. It is interesting to see how one referendum has such widespread impact. Following Brexit Britain will be radically overhauling its agricultural policy since it will no longer… Read More ›
Toshiba files quarterly earning without PwC’s endorsement
The move has put immense pressure on the Tokyo Stock Exchange. With the U.S. and Japan huddling together to block a common foe, China, it is to be seen how Foxconn’s offer, which is $10 billion more than Toshiba’s internal… Read More ›