The scale of the damage a computer virus can unleash on the technology dependent and inter-connected industry is shown as the global shipping industry is still feeling the effects of a cyber attack that hit A.P. Moller-Maersk two days ago…. Read More ›
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‘Death By A Thousand Cuts’ Faced By The Iran Nuclear Deal
The Iran nuclear deal may face a lingering death even though, in a day-one spectacular, United States President Donald Trump decided against killing off the nuclear deal. On the need for a tougher line against Iran, Trump’s administration speaks with one voice… Read More ›
New Market Outlook Makes Investors Scramble To Keep Up Pace
The second half of 2017 just got a lot more interesting for investors scrambling to keep pace with a hawkish shift in the world’s biggest central banks. Based on overnight index swap rates and with the Bank of England and… Read More ›
Google Slapped $2.7 Billion Fine By EU, IT Giant To Appeal Against Ruling
For competition abuses related to its shopping business, Google has been hit with a record 2.4 billion euro ($2.7 billion) fine. On the basis that Google manipulated its market dominance to the disadvantage of smaller competitors and European consumers, the… Read More ›
IMF’s Former China Chief Prasad Says China’s Massive Corporate Crackdown Aimed At Curbing Outflows
According to Eswar Prasad, the former head of the IMF’s China division, by going after big companies, China is sending a “remarkably strong signal” about stemming capital outflows. “I think there is a concern here that corporate outflows, among other types… Read More ›
As India Reforms Taxes, 1,000 New Listings Being Aimed For By Asia’s Oldest Stock Exchange
As a rollout of the Goods and Service Tax (GST) on July 1 encourages more Indian companies to list their shares, Asia’s oldest stock exchange BSE is aiming for one thousand new listings over the next four to five years, said the… Read More ›
In The Process Of Development Of New Fighter Jet, Europe Faces Herculean Challenge
With respect to Europe’s three existing programs: Eurofighter, France’s Rafale and Sweden’s Gripen, and one that will shape the future of the European fighter industry, Europe is embarking on an expensive and politically charged effort to develop a new combat… Read More ›
A ‘Second Tier’ Country Now Is America, Says A Recent Report
America trails many other developed countries when it comes to health, environmental protection, and fighting discrimination, even though it leads the world when it comes to access to higher education. This was revealed in a report published by the Social Progress Imperative, a… Read More ›
Repeated Attempts Made By Hedge Funds To Invest In Veneto Banks: Reuters
The plan of a group of four international investment funds was not pursued by Rome along with more recent approaches to be part of a rescue deal after the funds offered to inject 1.6 billion euros ($1.79 billion) of fresh… Read More ›
Second Quarter Ends With Slower Growth For Euro Zone Businesses: PMIs
A survey has shown that following a sudden slowing in the pace of expansion by services firms, roaring euro zone business growth tailed off unexpectedly toward the end of the first half of 2017. But pressure will likely be maintained… Read More ›