With its oil exports taking hard hits due to sanctions, it is now determined to boost its oil production to pre-sanction levels. As per Rokneddin Javadi, Iran’s Deputy Oil Minister, the country has no plans to freeze its oil production… Read More ›
Geopolitics
The European Commission wants to streamline and regulate the content of streaming Services
The proposals will are to be announced on May 25. In what could be a strategic game changer for Amazon Prime and Netflix, under a new set of proposals for the European Union, scheduled to be released sometime next week,… Read More ›
With declining U.S. stockpiles, oil sees a rally
Major banks including UBS and BAM are bearish on the near-term while being optimistic in the long run. Diminished U.S. stocks and with wildfires looming threats on Canadian oil supplies, U.S. crude oil prices hit their 7 months high yesterday…. Read More ›
ChemChina-Syngenta deal comes under increased scrutiny with USDA joining the review panel
With this deal China is looking for a strategic hold on global food supplies. As per multiple sources familiar with the matter at hand, the U.S. Department of Agriculture is set to join the U.S. government panel that is in… Read More ›
BlockRock’s CEO wants to see more aggressive reforms in China
While noting the path to a service-oriented economy took decades for the West, which included periods of recession, Larry Fink, said China needs to bring about a solid fiscal policy. Introducing excess credit into the system is not the way… Read More ›
Amidst Isis Launching New Attacks in Traq, White House says Isis is ‘Shrinking’
Claiming that “This perverse caliphate is shrinking” referring to the Islamic State, the Obama administration’s diplomatic point man in the international fight against the terrorist group has said the extremists have been losing control over territory. However in Iraq a string… Read More ›
French Organizations Threat Law Suit against Facebook, YouTube, Twitter for ‘Hate Speech’
Alleging that Facebook, Twitter and Google’s YouTube service had failed to remove ‘hateful content’ posted on their sites, there French organizations say they will file legal complaints against the three IT companies. The internet giants have only removed a small… Read More ›
Google to face record antitrust fine by the European Commission
The European Commission has the power to impose antitrust fines of upto 10% of a company’s annual sales, which for Google could be 6 billion euros. The Sunday Telegraph has reported that Google is facing a record 3 billion euros,… Read More ›
Refugee crisis to cost Europe’s biggest economy 93.6 billion euros by 2020
A German magazine has reported 93.6 billion euros in costs for the refugee crisis by 2020, citing a draft report from Berlin’s Ministry of Finance. A German magazine has reported that Germany has projected an expense of nearly 93.6 billion… Read More ›
BoE’s governor warns of risks if Britain were to leave the EU
Despite facing criticism from “Out” campaigners, the governor of Britain’s central bank has justified stating the risks of such an outcome. Mark Carney, the governor of the Bank of England has denied that by stating the possible short-run costs of… Read More ›
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