If the global grounding of its 737 Max jet planes continues for much longer, Boeing would be forced to halt production of the planes, the United States airplane maker has warned. The troubles caused by the grounding of the planes… Read More ›
Regulations & Legal
Climate Action Rebate Act could generate $2.5 trillion in 10 years
Plans are afoot to get bipartisan backing for this bill. On Thursday, two Democratic U.S. senators are set to unveil a bill which aims to reduce climate change by slapping a fee on oil, natural gas and coal; the bulk… Read More ›
A Sluggish Global Economy Could Get Even Worse Due To Trade Conflicts, IMF Says
The latest outlook from the International Monetary Fund about the prospect of the global economy states that growth in the world economy is still sluggish and a bouncing back of it is not assured even in 2020. That forecast was… Read More ›
EU will retaliate if US slaps tariffs on EU car exports
The EU has made it lucidly clear that it will retaliate with $39.1 billion of U.S. goods if Washington was to go ahead with its threat to impose tariffs on EU car exports. In a warning to Washington, the European… Read More ›
Bank of England will have to be flexible and fast in responding to Brexit
Britain’s central bank will have to double down on its monitoring of the British economy so as to minimize any potential impact from Brexit. On Tuesday, Andy Haldane, Bank of England’s Chief Economist stated, given the economic prospects facing the… Read More ›
45% chance of a Hard Brexit: Goldman Sachs
With Boris Johnson emerging as Britain;s next Prime Minister, he will have just over 3 months to deliver on Brexit. On Tuesday, Goldman Sachs raised its estimate of Brexit from 35% to 40% saying the “hurdle” to stop a hard… Read More ›
With A 93% Tariff, US Wines Are The Hardest Hit In The US-China Trade War
The current rate of taxation on American wine – post the latest retaliatory tariff imposed by China on United States products is as high as 93 per cent. This extremely high rate of import tariff has put the product out… Read More ›
Shares Jump By Upto 500% At Nasdaq-Style Chinese Market
A new stock exchange in China’s Changhai which has been developed on the style of the United States’ exchange Nasdaq saw shares on the exchange shoot up by as much as 500 per cent. Analysts see this as a clear… Read More ›
Iran-UK Tensions Rise Over Tanker Seizures
Following the seizure of a British-flagged oil tanker by Iran, tensions between the United Kingdom and Iran has flared up with Iran Tehran warning London not to escalate the situation. The UK had called the seizure as being a “hostile”… Read More ›
Equifax agrees to settle 2017 data breach federal and state investigations with $700 million
This is one of the largest ever settlement for a data breach. Affected consumers should get in touch with the company. On Monday Equifax Inc, a credit-reporting company, stated it will pay up to $700 million to settle U.S. federal… Read More ›
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