Boring Co is aiming to build underground tunnels for Elon Musk’s Hyperloop Project. Boring Co, Elon Musk’s startup which seeks to build underground tunnels for Musk’s hyperloop transportation project, stated it has raised $112.5 million in equity, 90% of which… Read More ›
Sustainability
OECD Suggests Use Of Inheritance Tax For Reducing Wealth Inequality
The leading economic think tank of the Western world – the Organisation for Economic Cooperation and Development (OECD), is of the opinion that wealth inequality could be reduced by various governments with the use of the tax system with specific… Read More ›
Global Trade Growth Could Be Hampered By Increasing Trade Tensions: WTO
The World Trade Organization said on Thursday that expansion in global trade could be seriously hurt by the increasing tensions between the U.S. and China. It is expected that global trade in 2018 would be lower than what is was… Read More ›
Germany is willing and ready to support battery makers: German Economic Minister Peter Altmaier
With battery technology being central to electric cars, Germany is exploring ways to boost the industry by supporting and exempting it from certain energy levies. On Tuesday, Germany’s Economy Minister Peter Altmaier said, the government is willing to support battery… Read More ›
Bayer gets antitrust approval from U.S. Justice Department for its $62.5 billion acquisition of Monsanto
The combined company will control more than a quarter of the world’s seed and pesticide market. With the U.S. Justice Department giving the green signal to Bayer AG’s bid to acquire Monsanto Co for $62.5 billion deal, with both companies… Read More ›
There Is Proof That “Sin Taxes” In UK Are Giving Results
Products that are harmful for health of people and the environment are being slapped with new taxes by the United Kingdom as its government strives to alter the consumption behavior of consumers. Plastic bags, diesel cars and sugary soft drinks… Read More ›
India The New Battle Ground For Amazon Vs Walmart War?
Things have changed dramatically in the Indian e-commerce industry since 2009 when the total volume of the market was less than $50 million and the modern supermarkets were still trying to become stable business models. While Amazon.com was still far… Read More ›
U.S. Shipping Industry To Be By A Potential U.S. – China Trade War
The potential trade war between U.S. and China would significantly impact the global shipping industry. Carrying goods across the oceans aids the maintenance of millions of jobs in the maritime shipping companies because 80 per cent of the total goods… Read More ›
Bahrain Discovers It Largest Oil Field That Will ‘Dwarf Current Reserves’
The biggest oil discovery that has been made in Bahrain since 1932 was announced by the country recently. Bahrain is a small country that lies between the two energy giants Saudi Arabia and Qatar. Forecast to be full of “highly… Read More ›
Beijing imposes additional tariffs on U.S. exports
Beijing move will impact $3 billion U.S. exports to China. China’s finance ministry stated, Beijing has imposed additional tariffs of up to 25% on 128 U.S. products including including certain nuts, wine and frozen pork, in response to U.S. duties… Read More ›