These new tariffs are likely to significantly impact numerous U.S. small and medium sized family businesses which import these European goods into the United States. In a significant development that sees a further escalation of the U.S.-EU trade war, the… Read More ›
Strategy
Vice Media acquires online publication Refinery29 for undisclosed sum
According to a report from the Financial Times, the combined value of the deal has been pegged at $4 billion. Vice Media LLC has disclosed it will be acquiring Refinery29, an online publication that focuses on entertainment and lifestyle for… Read More ›
Global fiscal crisis poses biggest threat to global economy: World Economic Forum survey
Here is the result of the WEF’s Executive Opinion Survey. According to the results of a survey by the World Economic Forum which was published on Tuesday, the possibility of a fiscal crisis at the world stage is the biggest… Read More ›
Franklin Templeton’s K2 Advisors expands its footprint in Europe
Franklin Templeton has launched a new fund range in Luxembourg which provides local investors access to U.S. based fund managers. In a significant development, asset manager Franklin Templeton disclosed, following the launch of a new fund range in Luxembourg, it… Read More ›
Britain’s accounting watchdog FRC examining Ernst and Young’s audit of Thomas Cook
The development signals a growing move by Britain’s financial watchdog to scrutinize audits conducted by the Big Four accounting firms. Following a collapse of travel giant Thomas Cook, Britain’s Financial Reporting Council has begun an investigation into the travel company’s… Read More ›
WPP appoints John Rogers as its Director of Finance
The appointment comes midst a string of profit warnings. WPP, the world’s biggest advertising agency, has appointed John Rogers, the CEO of retailer Sainsbury’s Argos as its new director of finance. Rogers will be taking over from outgoing Paul Richardson… Read More ›
‘Risk Of Further Attacks’ Forces Fitch To Downgrade Credit Rating Of Saudi Arabia
The latest geopolitical risks in the Gulf and Middle East and increasing concerns about the safety and security of the economic infrastructure of Saudi Arabia has forced major ratings agency to bring down a notch the generally strong credit rating… Read More ›
US-EU Trade Tensions Could Aggravate By Record US Tariff Award On Airbus By WTO
It is expected that the United States will be awarded a record allowance by global arbiters later this week which will allow the US to impose import tariffs on goods from Europe worth billions of dollars in connection to the… Read More ›
Responsibility For No-Deal Brexit To Fall In The UK, Says EU’s Juncker
Everything that is possible is being done by the European Union’s chief Brexit negotiator Michel Barnier and the European Commission President Jean-Claude Juncker but the responsibility of a no-deal Brexit would rest on the United Kingdom, said Juncker . The… Read More ›
Billions Lost In WeWork And Uber By Japan’s SoftBank
Japanese investment conglomerate SoftBank has been investing heavily through the $100 billion Vision Fund in the global tech industry and Silicon Valley, in companies such as Uber, Slack and WeWork. However following the IPO debacle of WeWork and the removal… Read More ›