Brexit needs a timeline, so as to contain its economic costs. Benoit Coeure, an executive council member of the European Central Bank has termed Brexit as a move which questions the irreversibility of the project of the European Union. “Brexit… Read More ›
Regulations & Legal
Slovakian President – Brexit has little impact on Slovak
Slovakia is one more country whose economy was not significantly ravaged by Brexit. Slovakian Prime Minister, Robert Fico has in a televised address said that Britain’s historic vote is unlikely to have any significant impact on Slovak’s economy. “We feel… Read More ›
ECB’s governing member cites increased recessionary trend for Britain post Brexit
Britain will have to fight off the twin economic evils of recession and inflation once it leaves the safety of the EU. According to Francois Villeroy de Galhau, a member of the Governing Council from European Central Bank, Britain is… Read More ›
Scope acquires Feri Eurorating
The acquisition will boost EU’s position in market dominated by 3 US Market rating agencies. In a strategic development, two rating agencies in Germany who have a combined market share of less than 3%, are merging so as to increase… Read More ›
Britain’s Office for Budget Responsibility postpones forecast of public finances in Brexit’s wake
Britain will need to address and charter a course for improving its relationship with the world’s largest trading block before it can deal with the aftershock of its historic decision. As per Britain’s independent budget regulator, the publication of next… Read More ›
Oracle found in breach of contract for HP developing software for HP’s Itanium servers
A jury has awarded $3 billion damages to Oracle, which the company has decided to appeal. Oracle’s spokeswoman has disclosed that a California jury has ordered the company to pay to pay Hewlett-Packard Enterprise Co $3 billion in damages in… Read More ›
Brazil’s superior court tells BHP & Vale to shell $6.23 billion for the country’s worst ever environmental disaster
BHP and Vale’s settlement of $2.3 billion was overturned by the court and it was told to pay $6.23 billion. It has now decided to fight the case, rather than settle. BHP Billiton has disclosed that it would appeal the… Read More ›
Japan’s antitrust regulators probing Canon’s Toshiba deal
Although the structure of the deal was unorthodox, according to Toshiba, it had consulted legal experts who approved the deal from a legal perspective. According to a source with direct knowledge of the matter at hand, Japan’s anti-monopoly regulator is… Read More ›
IKEA recalls chests and drawers following infant deaths
Customers can either get a refund or benefit from a free wall-anchoring kit. According to the U.S. Consumer Product Safety Commission (CPSC), IKEA has recalled almost 36 million dressers and chests in Canada and in the United States since they… Read More ›