Consider this snapshot: last year the UK imported food and drink worth 48 billion pounds, 71% of which were not subject to tariffs. As per the results of a study commission by Barclays that was released on Thursday, food suppliers… Read More ›
Regulations & Legal
German institutes warn of major recession in EU and Germany if trade conflict with the U.S. escalates
Germany, the EU’s biggest economy, thrives on its exports of cars to the U.S. EU’s retaliatory measures could also significant slow down the U.S. economy if not trigger a major recession there. On Thursday, leading economic institutes from Germany disclosed,… Read More ›
‘No Brexit’ deal will have a devastating impact on the car industry
British and EU’s carmakers will feel the effect of a cliff hanger Brexit. With Brexit’s March 29 deadline fast approaching and faced with growing fears of a cliffhanger exit , Britain’s carmakers have triggered some of their Brexit contingency plans,… Read More ›
Deutsche Bank considering a merger with UBS
Speculation is rife on Deutsche’s potential merger with either UBS or Commerzbank. Deutsche’s CEO Christian Sewing has however dampened speculation of any potential merger for at least the next 3 years. On Wednesday, German business daily Handelsblatt reported citing sources… Read More ›
U.S. would lose multiple front trade war: ECB study
The ECB’s simulation shows the U.S. will have bear the full brunt of the trade war, if Trump were to engage in it with more than a one country. In March Trump had said, trade wars were “… an easy… Read More ›
U.S. trade tariff’s unlikely to directly translate into more jobs
One of the more significant reasons why Trump’s tariffs will not translate into more U.S. jobs is that consumers are not willing to pay a premium for ‘Made in USA’ goods when goods of the same quality is available for… Read More ›
No Deal Brexit Could Put Flights Between UK And Europe ‘At Risk’: UK Government
The UK government has warned that there can be disruption to air travel from UK to other European countries because if there is a no-deal Brexit. This was revealed in the latest set of documents that lists how key industries… Read More ›
Anglo-Swiss mining and commodities giant Glencore launches additional share buyback of up to $1 billion
Glencore has come under investor pressure to boost its shareholder returns; it is also under pressure from U.S. regulators who have raised alleged corruption and bribery charges against the company. On Tuesday, mining and commodities trading giant Glencore stated, it… Read More ›
World’s Largest Gold Miner To Be Created By Acquisition Of Randgold By Barrick
A new king is set to emerge in the global gold industry. The largest mining company for gold is set to be created after the announced purchase of Randgold by rival miner Canada’s Barrick Gold, the two companies have announced on Monday…. Read More ›
Scientists Find Out 5 Subtypes For The Killer Type 2 Diabetes
American scientists have managed to find out five distinct groups of DNA sites with the help of genomic data. The identified DNA sites are believed to be the root cause of distinct forms of type 2 diabetes. This discovery would… Read More ›
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