On Wednesday, big air cargo carriers stated, they dont have any immediate plans to add flights to China to replace the capacity lost midst steep cuts to passenger travel due to the coronavirus, with many factories choosing to remain closed… Read More ›
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Russian military exports unaffected by U.S. sanctions: Rostec CEO
On Monday, the head of Russia’s state conglomerate Rostec said, Russian military export sales have not been affected by U.S. sanctions. Following Russia’s annexation of Crimea from Ukraine along with other factors, the United States had imposed sanctions on Russia…. Read More ›
Economic impact of no-deal Brexit should be known before Britain opts for it: Bank of England Governor
A vote for a No-deal Brexit option should have “absolute clarity” on what it would mean for the British economy. In a significant development, Mark Carney, Bank of England’s Governor made it lucidly clear that Britain could opt of a… Read More ›
China’s economic cools unexpectedly in April
The escalation in the U.S.-China trade war marks a stunning turning point in U.S.-China relations. With the impact of U.S. tariffs on the Chinese economy sinking in, Beijing will have to do a lot more to manage its public image…. Read More ›
Brexit slashes Britain’s economic growth to lowest in a decade
The British Chambers of Commerce (BCC) has warned of greater economic harm if the geo-political scenario does not quickly get a more stable footing. As per the British Chambers of Commerce (BCC), companies across industry segments are looking to cut… Read More ›
‘No Brexit’ deal will have a devastating impact on the car industry
British and EU’s carmakers will feel the effect of a cliff hanger Brexit. With Brexit’s March 29 deadline fast approaching and faced with growing fears of a cliffhanger exit , Britain’s carmakers have triggered some of their Brexit contingency plans,… Read More ›