The uncertainty surrounding Britain, especially after the outcome of its June 8 snap elections, is taking a toll on the health of its economy. As per a board member for sales at BMW, the carmaker will take a decision as… Read More ›
European Union
BMW to decide location of its electric Mini plant by Sept 30
The uncertainty surrounding Britain, especially after the outcome of its June 8 snap elections, is taking a toll on the health of its economy. As per a board member for sales at BMW, the carmaker will take a decision as… Read More ›
Weakening pound boost British exports
Here is a brief summary of the central bank’s assessment of the British economy. On Wednesday, the Bank of England reported that although British consumers are coming under increasing pressure from rising inflation, the weakening sterling was boosting export volumes… Read More ›
GE wins antitrust approval from U.S. Justice Department for its acquisition of Baker Hughes
GE had already received the EU’s nod for this deal, it has now won the U.S. Justice Department’s approval as well. On Monday, the U.S. Justice Department disclosed that it has given the go ahead to General Electric Co acquisition… Read More ›
Futures Industry Association warns of heightened costs for relocating euro clearing post Brexit
The FIA has called for market forces to determine the location of the euro clearing from its current London location. The Futures Industry Association, (FIA) an industry body, underlined the fact that forcing banks to shift the clearing of euro… Read More ›
Theresa May’s Conservative Party plans on taking out Britain out of EU’s single market bloc
May plans on creating a ministry for trade tasked with the sole purpose of boosting bilateral trade relations with “old friends and new allies”. On Monday, Theresa May’s Conservative Party has presented its post-Brexit scenario of setting up a network… Read More ›
New accounting standard for insurance companies will usher in a wave transparency in the sector
While end users will benefit, insurers will have to bite the bitter pill of additional costs. With the introduction of uniform international book-keeping standard, details of which are to be published on Thursday, slated to take place from January… Read More ›
Boeing petitions U.S. government to launch anti-dumping probe against Bombardier
The move underscores the ferocity of the competition in the booming airlines industry. On Thursday, Boeing asked the U.S. Commerce Department to investigate into alleged unfair pricing and subsidies received by Canadian airplane manufacturer Bombardier, thus adding to the growing… Read More ›
Transitory regulatory framework required: ABPI
The British industry is hoping to closely coordinate and work with the European agencies to retain their edge. However unless they can work up a miracle and secure passporting rights, access to the bloc’s single market will be elusive. Pharmaceutical… Read More ›
EU to benefit from the relocation of Britain’s financial industry
EU leaders have prepared a draft guideline for Michel Barnier, EU’s Brexit negotiator Michel Barnier, before the commencing of Brexit negotiations. Leaders across the European Union have warned Britain that if it were to assume that its financial services industry… Read More ›
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