While noting the path to a service-oriented economy took decades for the West, which included periods of recession, Larry Fink, said China needs to bring about a solid fiscal policy. Introducing excess credit into the system is not the way… Read More ›
The glut in the oil pool has resulted in Moody’s re-assigning debt ratings for countries in the Arabian Gulf. Assigning a negative outlook to Oman, Saudi Arabia and Bahrain, Moody’s Investors Service has cut their debt ratings as low oil… Read More ›
The European Commission has the power to impose antitrust fines of upto 10% of a company’s annual sales, which for Google could be 6 billion euros. The Sunday Telegraph has reported that Google is facing a record 3 billion euros,… Read More ›
A German magazine has reported 93.6 billion euros in costs for the refugee crisis by 2020, citing a draft report from Berlin’s Ministry of Finance. A German magazine has reported that Germany has projected an expense of nearly 93.6 billion… Read More ›
Despite facing criticism from “Out” campaigners, the governor of Britain’s central bank has justified stating the risks of such an outcome. Mark Carney, the governor of the Bank of England has denied that by stating the possible short-run costs of… Read More ›
Luxury car models of Audi, BMW, Mercedes-Benz, and Porsche are being threatened by Tesla Motors, whose Model 3 electric car enticed 325,000 would-be buyers to put down $1,000 deposits during the week of its debut in April. While making Germany… Read More ›
Hackers are relying on the vulnerabilities in SWIFT’s messaging systems to hide their digital footprints. A second bank has been compromised due to these vulnerabilities. In the wake of Bangladesh’s central bank being hacked due to hackers exploiting vulnerabilities in… Read More ›
In the wake of fluctuating oil prices, Saudi Arabia is trying to diversify and revitalize its economy. The world’s largest exporter of oil Saudi Arabia is in the process of overhauling its economy. The process of partially privatising Aramco, a… Read More ›
Mitsubishi Motors has now disclosed that more models have been affected by its fuel-economy scandal than those which have been previously announced. After anonymous sources leaking out the news that Nissan Motor was considering taking up a controlling stake in… Read More ›
Having demonstrated the propulsion system, Hyperloop One is expected to announce the date, sometime next year, of a competition which will determine the location in which the first hyperloop system will be built. A Los Angeles company called Hyperloop One… Read More ›
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