Intense competition in recruitment by US banks and a slew of new regulations is preventing European banks from being able to hire the right people, said media reports quoting sources and experts from the industry. “It is a vicious circle,… Read More ›
Regulations & Legal
Brexit Uncertainty A Reason For Weakest Outlook For UK Since 2009: BOE
Growing uncertainty over Brexit and a general slowdown in the global economy were identified to the reasons by the Bank of England (BOE) to be the reasons for the UK economy to potentially registering the weakest economic growth in a… Read More ›
David Malpass Picked By Trump To Head World Bank
Senior Treasury Department official David Malpass has been handpicked by United States president Donald Trump as a candidate to head the World Bank. It is expected that Malpass would alter the focus of the international bank and one of the… Read More ›
‘Massive’ Impact Of Tariff Hike Due To US-China Trade War: UN
There would be “massive” implications for the global economy if there is an increase of tariffs on Chinese goods by the United States next month, warned a UN trade official. If the 90 day truce to the trade war between… Read More ›
Experts Say UK Could Benefit From A Delay Of Brexit Deadline
According to analysts, there can be some benefits for the UK is there is an extension of Brexit talks even as the United Kingdom and the European Union are still to come to an agreement over the impending divorce between… Read More ›
New WTO rules unlikely to rein in China: USTR report
Economies across the globe have come to realise that China’s non-market economic policy and trade structures as well as its state-led, mercantilist approach to trade, is skewed and lopsided; it benefits only China, to the detriment of its trading partners…. Read More ›
EU to impose import restrictions on steel
The development comes in the wake of U.S. President Donald Trump’s imposition of metals tariffs on the bloc. On Friday, according to a filing in the European Union’s official journal, the EU is set to impose import limits on steel… Read More ›
Despite Scandalous 2018, Facebook Reports Record Profit
2018 was perhaps the most troubled year for Facebook in terms of scandals and regulatory scrutiny it faced. And while analysts believed that these would have an impact on the overall financial performance of the company, the largest social media… Read More ›
Apple’s Cook Hints Company Could Lower iPhone Prices In Some Markets
Hints that Apple could be lowering the prices of its iPhones in some places to increase falling sale was given by the company’s CEI Tim Cook. In the latest financial quarter, there was a drop of 15 per cent in… Read More ›
The EU to launch Special Purpose Vehicle (SPV) for trade with Iran
The SPV underscores the EU’s intent to stick to the 2015 Iran nuclear deal. At the onset, this alternative clearing house will focus on food, aid and humanitarian needs rather than on trade. On Thursday, in a significant development, two… Read More ›