Nissan has tested the autonomous version of the LEAF in Silicon Valley and in Tokyo. This marks its first test in a European city. Nissan took the first step towards the testing of its first self-driving car in Europe. Guided… Read More ›
fallout
Viacom tweaks bond language eyeing taw law reforms on the horizon
Attractive terms for Viacom’s hybrid bonds have helped rope in a slew of investors. The opportunity cost of not investing in them is too high for investors; they have all piled into Viacom’s bond offering. Although investors lapped up US… Read More ›
Andrew Olmem joins White House economic council
Although it is as yet unclear as to what post Olmem will take, the National Economic Council coordinates on economic policy matters across Trump’s Cabinet. Olmem, an attorney, was a leading staff negotiator who put together the Doff-Frank Act, which… Read More ›
German manufacturing jobs safe from PSA Group’s Opel takeover deal
Brexit has placed Opel’s Vauxhall sites at a distinct disadvantage. With the PSA group’s planned acquisition of GM’s European operations, jobs, and sites are facing potential cutbacks. As per German Sunday newspaper Bild am Sonntag, the PSA Group has pledged… Read More ›
Kraft Heinz’s takeover bid under British Government scrutiny
The proposed deal marks the biggest ever takeover bid of a British company. The Financial Times has reported, without citing any sources, British Prime Minister Theresa May has asked top officials to review Kraft Heinz’s proposed takeover of Unilever Plc…. Read More ›
Brexit negotiations could take more than just 2 years: Jean-Claude Juncker
Britain will have to change more than 20,000 of its laws so that it can complete its divorce proceeding. Furthermore, as a member of the EU, Britain cannot undertake any bilateral agreement(s). Jean-Claude Juncker, the President of the European Commission… Read More ›
Britain dependent on China to offset May’s Hard Brexit stance
For China, Britain is important since it aims to gain from its financial clout and use the country to showcase the fact that a first world nation supports its Silk Road project which is crucial for its prestige on the… Read More ›
President of United Auto Workers amplifies Trump’s ‘buy American’ message
The development could spell trouble for Tesla since the UAW has now got in touch with its workforce, increasing the chances of their forming/joining an union. Dennis Williams, the President of United Auto Workers has disclosed that the union is… Read More ›
Soros Fund Management spread its bets in financial stocks
During the last leg of 2016, with Donald Trump surprise victory, many asset managers had taken positions in financial stocks eyeing reduced regulations and potentially lower tax rates. The firm that invests the personal wealth of billionaire investor and philanthropist… Read More ›
20% import tax likely to ruin the retail industry in the U.S.
In a cunning move, Trump’s proposal has exempted revenues generated from exports while proposing to impose a 20% tax in imports. This essentially pits exporters against importers and unless this entire line of reasoning is revisited, in the long run… Read More ›
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