On Monday, the World Bank said its executive board has approved a $723 million loan package and grants for Ukraine. The move is aimed at providing desperately cash to the Ukrainian government to support its budget even as it battles… Read More ›
budget
South Korean budget airliner Jeju Air to purchase 40 Boeing 737 Max 8 worth $4.4 billion
South Korea is witnessing a rise in passenger footfalls in international routes. South Korea’s biggest low-cost airline Jeju Air Co Ltd stated, it plans on purchasing 40 Boeing 737 Max 8 airplanes worth $4.4 billion at list prices. The deal… Read More ›
Germany sets asides $3 billion euros for R&D related to AI
Privacy-conscious Germany wants to bridge the benefits of advanced technologies with existing social model. In a significant development that is a pointer to the strategic thinking of the German government, Europe’s biggest economy stated, it has set aside nearly $3… Read More ›
Japanese Prime Minister Shinzo Abe to beef up economy after election win
The Japanese government is set to pump in more funds into its economy. Its best to read this report in the context of Trump’s America first policy and U.S.-Japan trade. As per sources within the Japanese government, in the wake… Read More ›
VW’s board weighs allocation of $82.5 billion across the next 5 years for electric cars
One of the burrs that needs to be ironed out is Lower Saxony’s influence: not only is the state VW’s second biggest shareholder it is also its home state; Brexit related scenarios are also likely to add to the existing… Read More ›
Japan set to be prime destination for hi-tech military hardware
With Japan planning to develop the F-3, a dual use $40 billion fighter jet, UK’s BAE Systems, and U.S. Lockheed Martin, Boeing, and Raytheon are likely to reap in huge contracts for not only developing the F-3 but also for… Read More ›
House Republican unveils U.S. tax reform for 2018
The plan envisages a repeal of many safe-guard laws whose provisions increase the compliance cost for big businesses. In a first step towards U.S. tax reforms, the U.S. House of Representatives has released budgetary proposals for the fiscal year 2018… Read More ›
The British agricultural sector likely to bear the brunt of Brexit
Here is the likely scenario of the British farmer in a post-Brexit world. It is interesting to see how one referendum has such widespread impact. Following Brexit Britain will be radically overhauling its agricultural policy since it will no longer… Read More ›
White House proposal has significant budgetary cuts for ongoing environment and climate change programs
The Trump Administration aims to squeeze funds from climate change and environmental programs to direct them to fortifying the military. According to a person with direct knowledge of the proposal, the White House is proposing a significant cut, by as… Read More ›
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