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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
Prompting anger in Beijing which denounced the patrol as illegal and a threat to peace and stability, a U.S. navy warship sailed close to a disputed reef in the South China Sea on Tuesday, a U.S. Department of Defense official… Read More ›
As authorities warn the blaze could double in size by the end of Saturday, more than 88,000 people have left wildfire-ravaged Fort McMurray in western Canada. As flames and smoke continued to play havoc with efforts to get to safety,… Read More ›
