The draft proposal is aimed at significantly reducing the stock of bad loans in the European Union. On Friday, a source familiar with the matter at hand stated, the European Commission has prepared a draft proposal aimed at reducing the… Read More ›
Regulations & Legal
Trump to meet EPA, key senators and cabinet officials on Tuesday to discuss changes to U.S. biofuel policy
The meeting comes in the wake of a Pennsylvania-based refiner blaming regulation for its bankruptcy. Four sources familiar with the matter at hand have disclosed, a meeting has been called early next week by U.S. President Donald Trump who will… Read More ›
Britain’s automotive regulations will align themselves with that of the European Union
The move is aimed at protecting Britain’s automotive industry and not disrupt its well-oiled supply chain. Britain’s health minister, Jeremy Hunt stated the country will align its regulations with the European Union’s in some areas, including the automotive sector, after… Read More ›
U.K. Lawmakers Consider Laws To Govern Cryptocurrencies As Inquiry Into It Slated To Begin
Examination of the advantage and benefits of cryptocurrencies and the possibility of what regulatory measures to be taken for the new technology is being considered by U.K. lawmakers as they launch an inquiry into multiple aspects of virtual currencies. The… Read More ›
India Opens Up Its Coal Sector To Private Firms, Ends Monopoly Of State Owned Company
The Indian coal mining sector has now been opened up for private companies ending the monopoly of the state-owned coal company Coal India Limited. The Indian government approved of the method for auctioning of coal mines and coal blocks and… Read More ›
German prosecutors from Munich houses of 3 suspects in Audi emission scandal case
The prosecutors said the current top management of Audi are not seen as suspects in the case. On Thursday, German prosecutors stated they were in the process of searching the homes of 3 new suspects connected with Audi’s emissions scandal…. Read More ›
Federal administrative court in Leipzig to decide on 15 million diesel vehicles in Germany
Environmental groups say particulate matters in diesel emissions in the majority of German cities exceed the EU threshold. On Thursday, Germany’s highest administrative court in Leipzig is set to decide on the fate of the 15 million diesel vehicles that… Read More ›
Bridgewater Associates’ Ray Dalio sees 70% chance of U.S. recession before 2020
Here are the views of billionaire investor Ray Dalio on the state of the U.S. economy and the market. Ray Dalio, the billionaire investor who founded Bridgewater Associates, the world’s largest hedge fund, opined that it is highly likely that… Read More ›
New Software Technology To Prevent Criminal Use Of Drones Being Tested By Vodafone
A technology is being tested by Vodafone that would be enable authorities to conduct tracking and controlling of drones so that they are able to prevent aircraft accidents from happening and prevent terrorist attacks on them and prevent incursions into… Read More ›
General Motors proposes debt for equity swap to continue to operate its plants in South Korea
It is yet to be determined how the proposal will impact Korea Development Bank, a state run bank, which holds a 17% stake in GM Korea. According to 4 sources with direct knowledge of the matter, General Motors has offered… Read More ›
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