In the event of negotiations going south, the EU has a backup plan. On Wednesday, EU trade commissioner Cecilia Malmstrom, told Swedish newspaper Dagens Nyheter that in the event the United States imposes trade tariffs on cars imported from the… Read More ›
Regulations & Legal
UK’s finance sector to dodge Brexit bullet: John McFarlane
John McFarlane, chairman of the lobby group The CityUK, remains optimistic despite the prevailing gloom and the lack of clarity surrounding UK’s Brexit strategy. Britain is home to the world’s biggest banks is also the largest insurance market in the… Read More ›
The EU and the US looking to avert a trade war
While Trump has set a sour mood for the meeting set for later today, by going into a trade war with the European Union, Washington would be opening a second front – a strategic mistake. In his signature move, U.S…. Read More ›
Us$73.6 Billion Cash Injection By Beijing To Boost Economy
While the trade tensions with the United States appear to be escalating and scandal rocks the pharma sector, the Chinese government is attempting to lift its economy by the announcement of a series of new measures. Following this, the markets… Read More ›
EU’s Record Fine Of €4.3bn Shrugged Off By Alphabet in Second Quarter Results
The shares of Google’s parent company Alphabet were set on course to achieve an all time high after the company reported very encouraging second-quarter results and surpassed Wall Street expectations. Nearly two thirds of the profit of the company was… Read More ›
Bike Sharing Sector Being Held Back By ‘Poor Strategies’: Expert
According to a business school professor, bike sharing business could become less profitable for companies because of a shortage of brand loyalty, poor consumer behaviors and faults in prediction of future regulations. The comments were made in connection to the… Read More ›
A Good Year For UK Manufacturing Can Be Hampered By Brexit Worries And Trade War
A devalued sterling and a buoyant global economy had driven strong growth in British manufacturing – exhibiting a good performance in the last 12 months. But the danger pints for the coming year are uncertainties over Brexit and the U.S…. Read More ›
Japan Needs To Be Cautious Of The ‘Strong Dollar’ Complaint Of Trump: Finance Ministry Official
There is need for Japan to be cautious in relation to the recent remarks made by United States President Donald Trump about currencies and there could be requirement for Tokyo to convince Washington that the aim of monetary easing in… Read More ›
Trade Tariffs Impacting Global Economy, G20 Economic Leaders Warned By IMF
Global growth could be significantly impacted by the recent spate of trade tariffs, warned the International Monetary Fund (IMF) targeted at the world economic leaders. The warning comes barely after a few days of United States President Donald Trump issuing… Read More ›
Mining giant BHP facing class-action lawsuit over Samarco dam in Brazil
BHP has provisioned $650 million in 2018-2019, which was at the lower end of their expectations. On Monday, Melbourne, Victoria-based BHP, formerly known as BHP Billiton, an Anglo-Australian multinational mining, metals and petroleum company stated, it has been served with… Read More ›