Some charges remain to be booked in the 4th quarter. According to a regulatory filing, bankrupt U.S. retailer Sears Holdings Corp will take a $443 million charge on account of the closures of its stores. Sears stated, some of the… Read More ›
Regulations & Legal
France To Impose A New Tax On Large Tech Companies Alone
After France failed to make its European Union partner countries to agree to a EU-wide imposition of a new tax on big technology companies, the country has decided to go ahead alone with it. About €500m in its first year… Read More ›
Ultra Rich Investors Should Consider Exiting UK With Assets, Advises Credit Suisse: FT Report
According to a report published in the Financial Times on Tuesday, credit ratings agency and wealth managers Credit Suisse has reportedly advised the ultra-high net worth individuals (UNHWI) that they could think about accelerating their plans to take their investments… Read More ›
CFIUS approves T-Mobile US & Sprint Corp’s merger
The CFIUS approval comes in the wake of Deutsche Telekom reviewing its ties with Huawei. T-Mobile is a unit of Deutsche Telekom. In a significant development, T-Mobile US and Sprint Corp have stated they have received the go-ahead from the… Read More ›
Trade war bites into China’s growth rate
Although China has the tools to manage growing headwinds from its trade war with the United States, a strong stimulus is likely to pile on even more debt, while a loose policy could result in the fall of domestic interest… Read More ›
Rising risks of ‘managed’ Brexit: senior British Minister
If British Prime Minister Theresa May does not win sufficient support for her Brexit deal from Brussels, the likelihood of a managed disorderly exit from the EU is likely to rise. According to a senior British minister, British Prime Minister… Read More ›
U.S. Sets March 2 Date For Increased Tariff On Chinese Goods Worth $200 Billion
While the trade representatives from the United States and China get ready to start off negotiations on trade as a part of the 90 day truce agreed that China and the US agreed upon earlier in the month between Chinese… Read More ›
China Should Speed Up Reforms To Counter Trade War, Urges Chinese Advisers
The Chinese government has the means to effectively tackle the economic setbacks because of the trade war with the United States, believes a group of current and former government advisers. While doing so, Chinese policy makers would also need to… Read More ›
Toxic High Levels Of Lead In Kids’ Jewelry Kits, Target, Walmart, And Importer Sued In US
Retailers Target, Walmart and a toy importer have been alleged of distributing children’s jewelry-making kits which reportedly contain very high levels of lead which can be dangerous for children. The New York attorney general is also suing the three entities… Read More ›
Lack of clarity in Brexit has significant consequences for airlines industry
The leadership challenge faced by British Prime Minister Theresa May will have serious consequences for Brexit, including its extension or cancellation. Alexandre de Juniac, the head of the International Air Transport Association (IATA) has stated, the leadership challenge to British… Read More ›
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