The proposed budget deficit target for 2019 that was prepared by the newly elected coalition government of Italy had been rejected by the European Commission and had asked the country to submit a fresh proposal within a period three weeks…. Read More ›
Regulations & Legal
Chinese Consumers Are Apparently Tightening Their Purse Strings
There are some negative signs for China’s huge consumer market which can be bad news for the Chinese economy which is already facing a potential slow down. According to analysts, the individual consumer in the second largest economy of the… Read More ›
EU-Britain agrees on declaration on their future ties
Much of the noise coming out of Britain was in this general direction. This draft declaration could potentially stymie headwinds for British Prime Minister Theresa May. On Thursday, as per an official from the European Union with knowledge of the… Read More ›
Mattress Firm Inc emerges from bankruptcy within 2 months of filing for Chapter 11 protection
The firm’s strategic decision to voluntarily file an early protection from bankruptcy in October 2018, gave it some much needed breathing room. On Thursday, Steinhoff International stated its Mattress Firm Inc unit, the largest mattress retailer in the United States,… Read More ›
China gauging impact of U.S. report under Section 301
The U.S. has proposed to expand the list of high-technologies listed under Section 301 which bars their exports to countries that are deemed as unfriendly. On Thursday, a spokesman from China’s Commerce Ministry stated, Beijing is in the process of… Read More ›
Renault-Nissan Alliance global alliance to remain strong: Bruno Le Maire
Both, France and Japan, have indicated that they are ready to stabilize and conslidate the alliance between Renault and Nissan. On Wednesday, French Finance Minister Bruno Le Maire stated, the consolidation of the alliance between France’s Renault and Japan’s Nissan… Read More ›
America Is Not Benefitting From Exit Of Firms From China Due To Tariffs
America is not benefitting from the trade tariffs it imposed on China – at least in terms of the destination of the companies that are leaving the second largest economy of the world because of the tariffs pressures. Products made… Read More ›
Sanctions On Saudi Arabia Being Explored By UK Foreign Office Over Khashoggi Murder
If there is evidence that indicates that the government of Saudi Arabia was involved in the murder of the Saudi journalist Jamal Khashoggi, the United Kingdom is ready to impose sanctions against the Kingdom, UK’s foreign office told the media… Read More ›
Northrop Grumman wins $490 million U.S. defense contract
The contract revolves around the sale of a Global Hawk to Japan. As per a statement from the Pentagon, Northrop Grumman Corp has been awarded a $490 million U.S. defense contract for the sale of a Global Hawk unmanned surveillance… Read More ›
Carlos Ghosn, Chairman of Nissan Motor Co, arrested
Carlos Ghosn is suspected to have under reported his income in his tax filings. Carlos Ghosn, Chairman of Nissan Motor Co Ltd has been arrested by prosecutors from Tokyo for alleged violation of Japan’s financial instruments and exchange act. As… Read More ›