ECB President Mario Draghi said in an interview published on Wednesday that the spread of populist movements is threatening European integration and efforts to find joint responses to immigration, security and other shared concerns. EU citizens’ main worries were “now immigration,… Read More ›
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Slowly Drawing the Notice of Investors is War Torn and Strife Hit Iraq
The distinction of being one of the fastest growing economies in the world has been awarded to one of the most unstable countries in the world. And that economy is of Iraq, which, according to World Bank data, is expected… Read More ›
$5 Billion Valuation in IPO said to be Mulled by China Selfie App
The developer of selfie apps, China’s Meitu Inc., is discussing a share sale that would value the company at about $5 billion and is said to be in talks with investors ahead of its planned initial public offering in Hong… Read More ›
Anticipating a Boom in Immigrant Detention Center, Private Prisons get a Boost from Trump
To house inmates serving federal sentences, it would stop contracting with private prisons, the U.S. Department of Justice issued a statement making the announcement in August. The stocks of Corrections Corporation of America, the world’s largest private prison company were… Read More ›
30,000 jobs at VW brand o be Cut by Volkswagen by 2020
In a compromise which leaves Volkswagen’s profitability still lagging rivals, the carmaker and its labor unions agreed to cut 30,000 jobs at the core VW brand. The company in turn committed to avoid forced redundancies in Germany until 2025. The… Read More ›
Demand for Bitcoin Boosted by India’s Rupee Restrictions
A renewed interest in bitcoin among India’s consumers has been sparked by Indian Prime Minister Narendra Modi’s decision to withdraw 500 and 1000 rupee notes from circulation. According to The Hindustan Times, sales volumes for bitcoin increased on several exchanges… Read More ›
Last Year Cybercrime had Hit 54 Million Europeans
A report from Norton by Symantec has warned that many of the people in Europe ere complacent about cybercrime even as the report stated that more than 54 million Europeans were affected by cybercrime in the past year. The cybersecurity… Read More ›
Inflation to be Fueled by President-elect Trump’s Spending Plans and Gold Consequently to Get Boost
Gold could be helped in gaining price as there us expectations that inflation in the U.S. would rise due to President-elect Donald Trump’s plan to spend on big projects, said a fund manager on Tuesday. The prices of metals have already… Read More ›
In Bad Sign for BOJ Target, Japan Industrial Output Stalls, Retail Sales Miss
In a worrying sign that the economy may be losing some momentum due to weak consumer spending and exports, Japan’s industrial output stalled in September. Providing further evidence that private consumption remains a drag on growth, separate data showed retail… Read More ›
Doors to Foreign Workers Opened up by Japan
Japan, where the number of foreign workers, though still relatively small, has nearly doubled over the past eight years, is giving this message: send us your construction workers, your care givers, your store clerks — but for a limited time… Read More ›