According to the findings of a study by the Bertelsmann foundation published recently, a slowdown the growth of wages in Germany is being caused by the large companies that dominate the market. The increasing concentration of the large companies in… Read More ›
Regulations & Legal
Germany could ban Chinese firms from its 5G auctions
While in the past German policies have been guided by business interests rather than strategic factors, surely Germany, Europe’s biggest and strongest economy, has gained from history’s strategic insight and will take the right decision. Senior German officials are telling… Read More ›
Germany sets asides $3 billion euros for R&D related to AI
Privacy-conscious Germany wants to bridge the benefits of advanced technologies with existing social model. In a significant development that is a pointer to the strategic thinking of the German government, Europe’s biggest economy stated, it has set aside nearly $3… Read More ›
The EU and Britain clinch draft Brexit agreement
Theresa May’s government will now have to go through the guantlet of the British parliament, bridge opposing views of the country’s lawmakers and sell the Brexit deal to a deeply divided country. In a momentous development, Britain has clinched a… Read More ›
Brexit deal can be clinched within the next 24 to 48 hours: David Lidington
Here are the comments made by British Prime Minister Theresa May’s de facto deputy to BBC radio. On Tuesday, David Lidington, a British Cabinet Office Minister who is considered as British Prime Minister Theresa May’s de facto deputy told BBC… Read More ›
Despite Trump Rhetoric, US Bound Exports To Increase After Talks With US, Say Japanese Firms
The intensive and relentless efforts by the United States President Donald Trump to reduce the trade deficit with Japan, expectations of an increase in exports to the US because of trade talks between the two countries was expressed by almost… Read More ›
British parliament likely to vote down May’s Brexit deal: Justine Greening
Justine Greening, the former education minister from Theresa May’s cabinet, has joined the growing chorus for a second Brexit referendum. On Monday, Justine Greening, the former education minister from Theresa May’s cabinet stated, the British parliament will vote down Prime… Read More ›
Tesla appoints Robyn Denholm as Musk’s replacement as the board’s chairman
The move is essentially a compliance against the deal Tesla entered with the SEC in September 2018 to settle fraud related charges against Tesla and Elon Musk. As demanded by the U.S. Securities and Exchange Commission, Tesla Inc’s board… Read More ›
U.S. Commodity Futures Trading Commission charges former Deutsche Bank AG for fraud
Charges has been filed and settled against a former managing director of Deutsche Bank AG for fraudulent activities. The U.S. Commodity Futures Trading Commission said in a statement that charges have been filed and settled against a former managing director… Read More ›
Large group of institutional investors drag 16 major banks to court over rigging forex market
The 221 page complaint alleges that these 16 major banks had colluded to rig the roughly $5.1 trillion-a-day foreign exchange market. In a significant development, a group of big institutional investors, which includes BlackRock Inc and Allianz SE’s Pacific Investment… Read More ›