While British lawmaker Jacob Rees-Mogg heaped negativity on British Prime Minister’s Brexit plan, the only alternative he cited was a no-deal exit whose economic consequences he failed to spell out. Britain’s Eurosceptic lawmaker Jacob Rees-Mogg said, neither the European Union… Read More ›
Faced with an escalating trade war with its biggest trading partner, the United States, these steps are aimed at boosting its competitiveness. According to a statement from China’s ministry of finance, Beijing will slash import duties on products, including textiles… Read More ›
While this exemption was available to foreign firms earlier, it focused on only on specific sectors. With this strategic move, Beijing has covered all sectors, other than the prohibited ones, and to top it has made the provision applicable retrospectively… Read More ›
The new trade deal will be called United States-Mexico-Canada Agreement (USMCA). According to a senior U.S. official, the United States intends to sign a new trade agreement with Mexico and Canada at the end of November 2018. The signing will… Read More ›
According to reports in the media quoting sources, a settlement with the SEC can be made by Tesla Inc’s Elon Musk in relation to the case filed by the US regulator charging Musk of committing fraud in reference to his… Read More ›
An inquiry into Australian banking system has concluded that a culture of greed is driving incidents of abuse and misconduct in Australia’s banks and financial institutions. Widespread wrongdoing in the banking industry has been exposed by a royal commission this… Read More ›
Three top developers of cryptocurrency technology are reportedly in the hope of raising billions of dollars by selling shares and thereby offering investors a new method to bet on digital currencies. Cryptocurrencies are based on computer code in stark contrast… Read More ›
Britain’s Citizens Advice has lodged a super complaint against the country’s financial and telecom providers saying existing customers were being overcharged yearly to the tune of $5.2 billion. Following a complaint by Britain’s consumer body Citizens Advice that customers who… Read More ›
The highly unusual lawsuit is potentially aimed at gaining leverage so as to force Tesla Inc’s CEO Elon Musk to settle. According to Teresa Goody, CEO of law firm Goody Counsel, who is also a former SEC attorney, most such… Read More ›
United States president Donald Trump and his administration was encouraged to resolve trade disputes fast by Ford Motor Co’s Chief Executive Officer Jim Hackett. But he also warned that if the trade disputes are not resolved fast, the tariffs would… Read More ›
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