If Nissan gets a Brexit compensation deal then other automakers would need a level playing field, Britain’s biggest carmaker Jaguar Land Rover said that it will “realign its thinking” on investment after Britain’s vote to leave the EU. Signs that… Read More ›
Geopolitics
Tech companies tax profile to come under scrutiny in Thailand
Thailand’s revenue department plans to increase its tax collections and its working committee is looking into blocking tax loopholes that are exploited by tech firms. Internet and tech companies based in Thailand could potentially face increased scrutiny as the country… Read More ›
Majority of UK CEOs to either move their HQ or their operations out of Britain
EU business associations and companies agree that the only way Britain can continue to benefit from EU’s single market if it were to continue to follow its rules. Going by the results of a survey that was published on Sept…. Read More ›
India’s Aging Air Force Fleet to Be Boosted as it Buys 36 Rafale Jets
In a long-delayed deal that will equip India’s air force with advanced fighter jets Indian Prime Minister Narendra Modi has finalized an order to buy dozens of warplanes from France. A contract to purchase 36 Rafale jets from Paris-based Dassault Aviation… Read More ›
Britain could lose financial might in Brexit’s wake
Passporting rights in the EU give Britain much of its financial clout. Brexit has now cast its long shadow over it. In a statement that could shed further light on the stakes of the on-going negotiations between London and EU,… Read More ›
The future of oil: will it be based on solar energy?
The days when oil economies rode on the strength of their production levels, is history. With OPEC and non-OPEC economies adding millions of barrels per day to the global oil pool, the resultant glut has seen oil prices crash to… Read More ›
Apple’s iTunes unit in Japan shells out $118 million in taxes
Tokyo’s Regional Taxation Bureau had detected that the company had underreported its income to the tune of $118 million and had ordered the company to pay its dues. Apple has responded to the order by promptly paying its dues. The… Read More ›
DOJ demands $14 billion fine for settling Deutsche Bank’s mortgage-backed securities case
Even at $7 billion the settlement amount would be absurdly high. Incidentally Deutsche Bank has been one of the most successful European players on Wall Street. This success has however led to a slew of lawsuits being filed against it,… Read More ›
Danger of Donating to Trump-Pence Ticket Alert Sounded on Wall Street
Donating to the Trump-Pence ticket may be more trouble than it’s worth – this seems to be the new memo for Wall Street. After Credit Suisse Group AG and Northern Trust Corp., it was the turn of Goldman Sachs Group… Read More ›
Russia-Saudi’s oil pact could limit the glut in the global oil pool
The pact needs to be operationalized into an oil freeze deal which could then see reduction in crude oil production from two of the world’s top producers. In a development that could potentially have far reaching consequences, Russia and Saudi… Read More ›