According to a report from The Times, a large number of conservative members of the ruling cabinet are likely to quit in case of a no-deal Brexit. On Wednesday, as per a report from the Times newspapers, British Prime Minister… Read More ›
Sustainability
U.S. Federal Reserves approves simpler ‘Volcker Rule’
The ‘Volcker Rule’ was created in the wake of the 2007-2009 financial crisis and barred banks from making profit-seeking trades with customer funds. In a significant development, the Federal Reserve stated, it has approved a final rule which simplifies the… Read More ›
Boris Johnson’s government aims to end Brexit negotiations by this week: Spectator
It all comes down to whether Irish Prime Minister Leo Varadkar is open for further negotiations. According to a report from the Spectator citing a contact in Downing Street, the British government is preparing to end Brexit negotiations by this… Read More ›
Japan Implements Sales Tax Hike Despite Fears Of Hit On Consumer Spending
Despite concerns that increasing sales tax would have an adverse impact on the domestic economy, Japan has stuck to its earlier announcement of increasing consumption tax on goods for the first time in the last five years. The decision had… Read More ›
Jobs And Global Living Standards Threatened By Tariffs, WTO Says
While slashing its forecast for growth in global trade for the entire of 2019, the World Trade Organization also issued a warning against a threat to loss of jobs and a drop in living standards because of the outbreak of… 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 ›
‘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 ›
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