Iran slammed U.S. arrange of ignoring 60 years of OPEC’s history by suggesting Saudi Arabia boost its oil production in order to make up for Iran’s shortfall. In a development that essentially sets the stage for a tough meeting at… Read More ›
Strategy
Offloading non-core assets will ease VW’s transition into emerging automobile market
Volkswagen’s top management is aiming to transformation the group into a more modern, streamlined company. Although the process is seen as painful, it pays off in the long run. On Friday, the top leader of Volkswagen’s powerful works council said,… Read More ›
New tariffs on cars and trucks will negatively impact U.S. consumers: Japan’s automakers association
In a cautionary move, Japan has warned the U.S. that any imposition of new tariffs will negatively impact U.S. consumers and its auto industry. On Friday, Japan’s automakers association (JAMA) came down heavily on U.S. overtures to explore the possibility… Read More ›
U.S. – China trade gap widens to $24.58 billion in May 2018
Given its humongous trade surplus with the U.S., it would be only natural to assume that China has much to lose in the event of a hike in U.S. import tariffs. Before such tariffs are enforced by Washington, Beijing is… Read More ›
Surprise Rate Hike By Turkish Central Bank, Currency Rallies
Just a few before the presidential and parliamentary elections in Turkey, the country’s central bank announced a sharp rise in the primary interest rate aimed at reigning in the rising rates of inflation and to stabilize the currency lira. The… Read More ›
EU To Impose Tariffs On US Imports From July
The retaliatory import tariffs that has been announced to be imposed by the European Union on goods from the United States would be implemented from next month. The list of goods include a range of products from Harley-Davidson motorbikes to… Read More ›
Italian court suspends Telecom Italia’s $88 million fine
Having suspended the sentence, the Italian court has set July 24 as the next date of the hearing wherein it will pronounce the reasons for its judgment. In a significant development, an Italian court has suspended the $88 million (74.3… Read More ›
House of Fraser to shutdown; 6000 jobs at risk
British departmental stores, House of Fraser, having 56 stores and 2 outlets across the U.K., has proposed the closure of 31 of its stores as part of a restructuring plan. On Thursday, Britain’s House of Fraser said it has proposed… Read More ›
Love of French oak by Chinese millennials driving up exports
The love of French oak by Chinese millennials have place France at world no. 2 in oak log exports to China. Due to heightened demand of oak from China, especially from millennials who have developed a taste for high-quality wooden… Read More ›
Europe Is Dependent On Gas From Russia For Its Energy Needs
It is hard for Europe to dump Russia despite its desires to do so. Vienna gave a warm welcome to Russia President Vladimir Putin on the occasion of the 50th anniversary of Austria becoming the first western country that agreed… Read More ›
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