Although Commerce Secretary Wilbur Ross prefers bilateral deals with Mexico and Canada, senate participants have disclosed that things are leaning towards trilateral negotiations. Several members of the Senate Finance Committee have disclosed that the Trump administration aims at keeping the… Read More ›
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Intelligence sharing pact with U.S. ally at risk
The Washington Post has reported that U.S. President Donald Trump shared intelligence with Russians without first consulting the source who supplied that piece of intelligence thus endangering intelligence sharing ties amongst U.S. allies. Reuters has reported that U.S President Donald… Read More ›
The gasoline industry is all set to be transformed
Asian economies and electric carmakers are going to be key players in this unfolding scenario. Oil and auto executives have disclosed, with India and China shifting their focus from gas-guzzling gasoline engine powered cars to electric vehicles, demand for gasoline… Read More ›
U.S. China rack up deals to boost trade ties
It isn’t clear how these deals will have an economic impact given the fact that despite a 2012 WTO ruling, China has yet to issue operating licenses to Visa & MasterCard to operate in China. On Thursday, U.S Commerce Secretary… Read More ›
Britain will benefit if its stays within EU’s energy market mix
Here are highlights of the Chatham House’s report which delves into Britain’s energy future. Chatham House, a think tank is of the opinion, it would benefit Britain if she were to remain in EU’s energy market and carbon trading scheme… Read More ›
Trump Administration looking for ways to simplify rules governing financial oversight
Their implementation and interpretation by five different agencies have caused much concern in financial circles thus the current review. With U.S. financial regulators discussing the Volcker rule concerning speculative trading by banks, Wall Street’s biggest concern appears to have gained… Read More ›
May’s hard Brexit stance pushing financial institutions to relocate to EU
Based on Theresa May’s Brexit stance, most large banks in Britain are working on the assumption that that the most likely outcome of Brexit will be Britain losing its access to EU’s single market and resulting in ‘Hard Brexit’. As… Read More ›
European markets celebrate Macron’s win of the French Presidential elections
The youngest leader in the G7, Macron’s win essentially consolidates the irreversible progressive consolidation of unity against a backdrop of disruptive elements. With Emmanuel Macron wining the French elections, investment markets in Europe were in a celebratory mode. Although polls… Read More ›
Insurance companies staring at the vacuum of cost-sharing subsidies
Pegged at $7 billion for 2017 and $10 billion for 2018, cost sharing subsidies are key to the survival of insurance companies. Without them, insurers say they will be forced to raise insurance premium rates by at least 20% next… Read More ›
Apple highlights its past, present and future U.S. job creation history
This significant move comes at a time when lawmakers are reviewing U.S. tax policies to bring back accumulated profits from overseas at lower tax rates. Apple’s Chief Executive Officer, Tim Cook has disclosed that Apple plans on creating… Read More ›