BMW will be among the first foreign auto makers to take advantage of the relaxed ownership norms in China and the relaxation in investment restrictions – aimed to provide more control to foreign companies in the largest auto market of… Read More ›
Regulations & Legal
Toyota And Softbank Join Hands To Launch Autonomous Vehicle Project
In a continued trend among auto makers where they are forging partnerships with other firms for the development of autonomous vehicles, Japanese auto maker Toyota has teamed up with SoftBank to work together on a project called Money where the… Read More ›
India To Purchase Russian Missile Defense Systems Despite Chance Of US Sanctions
Despite warnings of sanctions from the United States, a weapons deal worth $5 billion was signed between India during the visit of Russian president Vladimir Putin to India mfor the annual bilateral meeting which was aimed at discussions cooperation opportunities… Read More ›
IMF Warns World ‘Would Be Poorer’ Due To Full Blown Trade War
The latest assessment of the global economy by the International Monetary Fund warned that the world would become a “poorer and more dangerous place” because of the trade war between the US and China. The forecast for global growth for… Read More ›
EU to decide on introducing taxes on digital companies by the end of 2018
French Finance Minister Bruno Le Maire expects the EU to take a stand on this issue by the end of this year. On the sidelines of the Globsec Tatra Summit in Slovakia, French Finance Minister Bruno Le Maire disclosed he… Read More ›
Switzerland’s enters into an era of banking transparency
Swiss authorities have begun sharing account data with countries who meet international requirements on confidentiality and data security. This strategic move has placed Switzerland in fierce competition with fast-growing economies including Singapore and Hong Kong. In a significant development that… Read More ›
Brexit divorce deal almost within grasp: sources
This is coming from diplomats who were present at the negotiations. According to two sources present at the meeting where Brexit negotiations are being discussed, a divorce deal with Britain is “very close” to being realized. Both sides are pushing… Read More ›
U.S. diversifying agriculture trade: U.S. Agriculture Secretary Sonny Perdue
Feeling the pinch of being too dependent on one nation for the sale of its agricultural products, the trade war has made the U.S. realize that it needs to diversify its agricultural trade exports. U.S. Agriculture Secretary Sonny Perdue has… Read More ›
Britain’s Brexit bill slated to rise with increasing EU budget liabilities
Although Britain is set to leave the EU in March 29, 2019, it has agreed to pay its share of debts and liabilities assumed by the EU until the end of 2020. According to EU data released on Thursday, Britain’s… Read More ›
Regulators pull up Wells Fargo for not doing enough to repay cheated drivers
Although Wells Fargo does not have a deadline by which it aims to repay every driver it forced to buy auto insurance that was not required, unless it completes the reimbursements it will not get the all-clear from regulators. According… Read More ›
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