The current negative rate policy of the European Central Bank (ECB) could result in “unintended consequences” on the financial system of the region, said two members of the ECB while expressing concerns about the current interest rate regimen. The policy… Read More ›
Saturday’s extraordinary parliamentary sessions is promising to be an extraordinary thriller. Sammy Wilson, a lawmaker for the Democratic Unionist Party (DUP) stated, voting down British Prime Minister Boris Johnson’s Brexit deal will open up better opportunities for the government and… Read More ›
The test was to see whether banks have enough capital to take on stressful economic conditions. On Friday, UK’s central bank, the Bank of England said, it would publish the results of its annual assessment of banks’ readiness for financial… Read More ›
The International Monetary Fund has warned that policy blunders of the central banks of the world have pushed the global economy to its weakest point since the global financial crisis of 2008 and the central banks are now wasting scarce… Read More ›
Germany has effectively not banned Huawei, the Chinese tech giant and the largest manufacturer of telecommunications equipment in the world, from participating in the construction of 5G mobile networks in the country according to a draft proposal prepared by the… Read More ›
In the eventuality of the United Kingdom leaving the European Union without any deal which would be a worst case scenario, Japanese auto major Nissan Motor will stand to lose more than 80 billion yen or $737 million in asset… Read More ›
“Tremendous damage” will be done to the global economy in the long run because of the affinity of many central banks towards zero or negative interest rates, warned analysts and added that central banks all around the world are going… Read More ›
The keys to the deal lies with the DUP, which provides critical support to Johnson’s government. On Thursday, in a historic development, at the very last minute, Britain has managed to clinch a Brexit deal with the EU. However, British… Read More ›
Yesterday, Northern Ireland’s Democratic Unionist Party stated it is not in a position to support the Brexit deal being proposed by British Prime Minister Boris Johnson and the European Union. On Thursday, French junior foreign affairs minister Jean-Baptiste Lemoyne disclosed,… Read More ›
Romania has also initiated talks to lobby for the investment. Turkey’s military offensive in Syria is taking a toll on its economy: Bulgaria said, it is ready to offer more incentives to Volkswagen for it to build a new plant… Read More ›
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