British railway commuters could face increased waiting time in the wake of Brexit. The CEO of Deutsche Bahn, Germany’s state-owned railway operator said business would be significantly hit once Britain triggers article 50 and starts the leaving process as Britain… Read More ›
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Brexit questions EU’s irreversibility – Benoit Coeure
Brexit needs a timeline, so as to contain its economic costs. Benoit Coeure, an executive council member of the European Central Bank has termed Brexit as a move which questions the irreversibility of the project of the European Union. “Brexit… Read More ›
Slovakian President – Brexit has little impact on Slovak
Slovakia is one more country whose economy was not significantly ravaged by Brexit. Slovakian Prime Minister, Robert Fico has in a televised address said that Britain’s historic vote is unlikely to have any significant impact on Slovak’s economy. “We feel… Read More ›
ECB’s governing member cites increased recessionary trend for Britain post Brexit
Britain will have to fight off the twin economic evils of recession and inflation once it leaves the safety of the EU. According to Francois Villeroy de Galhau, a member of the Governing Council from European Central Bank, Britain is… Read More ›
Warrants Issued by South Korean Court Against VW Executive over Emission Probe
In another blow to the German automaker Volkswagen’s efforts to move on from the emission scandal, a South Korean court on Friday issued the first warrant for the arrest of a Volkswagen AG executive in connection with its cheating of… Read More ›
The Legal Nature of UK’s Brexit Referendum
While there has been wide spread reactions to the majority of people in the UK voting to leave the EU, the question that many are asking is whether the Thursday’s referendum on Brexit legally binding. “No” is the simple answer… Read More ›
EY Survey Finds High Degree of Distrust towards Japanese Employers by their Employees
While it might sound like a great thing – lifetime employment is not always so if one hates the place of work. This is what a survey report in Japan has found out while in reference to the plight of… Read More ›
Toshiba Sued over its Accounting Scandal by Japan Government Pension Fund
A law suit that claims nearly $10 million in damages has been filed against Toshiba by Japan’s $1.3 trillion public pension fund. The damages have been claimed after the fund lost money following the accounting scandal that pushed down the… Read More ›
Ex-Deutsche Bank Executive in Asia Sues Lender for $17 Million
The German firm Deutsche Bank AG is being sued for HK$135.3 million ($17 million) in a wrongful dismissal claim filed with Hong Kong’s labor tribunal by a former co-head of Asia corporate finance at the bank – Douglas Morton. According to… Read More ›
Possible Brexit Forces British Companies to Prepare for Long Night
Extra funds, pre-written statements and plans for late-night vigils by teams of consultants are being done by British companies as preparations for the possibility that the country will vote to leave the European Union. A last-minute flurry of preparations in… Read More ›