The World Bank has said that if everything goes just right, there can be a modest rebound this year in the global economy after its weakest performance in 2018 since the global financial crisis. The global financial body has identified… Read More ›
Strategy
Easy access cash savings products needs overhaul: Britain’s Financial Conduct Authority
On Thursday, in a move that is likely to bump up interest rates for consumers, Britain’s markets watchdog has proposed a single interest rate for cash savings products. The Financial Conduct Authority (FCA) stated, competition in cash savings products needs… Read More ›
Chinese Vice Premier Liu Hu to visit Washington next week for signing Phase 1 trade deal
On Thursday, China’s commerce ministry stated, Vice Premier Liu He, who heads China’s negotiation team in the U.S.-China trade talks, will be visiting Washington next week to sign the “Phase 1” trade agreement. Liu’s Washington visit will be for the… Read More ›
Hard Brexit or no-deal Brexit would either way damage the economy: Klaas Knot
On Wednesday, Klaas Knot, governor of Netherland’s central bank, who also sits on the European Central Bank’s Governing Council stated, in the event of a hard Brexit in 2020, the damage to the economy would be as great had Britain… Read More ›
China’s Luckin Coffee Inc corners more marketshare with new vending machine business
In a statement, Luckin Coffee Inc founder and CEO Qian Zhiya stated, it is in the process of expanding its business into vending machines that sell freshly brewed hot beverages and snacks, as it seeks to corner even more of… Read More ›
Ukrainian International Airlines 737 crashes in Iran
On Wednesday, following the crash of an Ukrainian International Airlines 737 with at least 170 people on board, Boeing Co stated, it is aware of media reports and was gathering more information. According to a news bulletin by Iran’s official… Read More ›
UBS Group overhauls its European, Middle Eastern, and African region business
According to a staff memo that was confirmed by the UBS Group, the Swiss bank is in the process of reorganizing its flagship wealth management business in the Europe, Middle East and Africa region. Christl Novakovic will continue to lead… Read More ›
Ghosn Rode A Bullet Train To Osaka While Fleeing To Lebanon From Japan: Report
A news report published by the Japanese news agency Kyodo on Monday claimed to have revealed a part of the mysterious journey that the former Nissan and Renault boss Carlos Ghosn had undertaken to escape from Japan to Lebanon. The… Read More ›
Boeing Contemplates Increasing Debt Because Of The 737 Max Crisis: WSJ
According to a report published in the Wall Street Journal on Monday, following the grounding of its 737 Max jets, Boeing is reportedly contemplating for raising more debt for financing its activities. The report cited sources who were familiar with… Read More ›
Renault hires PSA’s former R&D chief Le Borgne
On Monday, French car marker Renault stated, it has hired Le Borgne, the former chief of research and development at PSA. Le Borgne will be a member of Renault’s executive committee and will report to interim CEO Clotilde Delbos. The… Read More ›
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