For Johnson, passing the deal is a do-or-die situation: he has banked on the phrase repeatedly, saying he will get the deal through by October 31, no matter what. On Saturday, British Prime Minister Boris Johnson’s last-minute plan to secure… Read More ›
KPMG will have to increase its due diligence on meeting auditing standards. In a development that yet again highlight the poor performance of accounting firm KPMG, Britain’s accounting watchdog has levied a fine of $4.24 million on KPMG for failing… Read More ›
The bipartisan legislation essentially boils down to Senator Tom Cotton’s notion that “American companies shouldn’t be in the business of selling our enemies the tools they’ll use to spy on Americans”. In a significant development, members of the U.S. Senate… Read More ›
The measure has the backing of the Reserve Bank of Australia which has made it clear that the government should initiate action to boost consumer spending. On Thursday, in a significant development, Australia’s conservative government is on the verge of… Read More ›
Although LNG will largely replace coal in the global energy mix, the forecast growth trajectory for CO2 emissions has been once again tied down to the oil and gas industry. These emissions are “far out of step” based on current… Read More ›
Britain’s Citizens Advice has lodged a super complaint against the country’s financial and telecom providers saying existing customers were being overcharged yearly to the tune of $5.2 billion. Following a complaint by Britain’s consumer body Citizens Advice that customers who… Read More ›
In a research note to clients, Goldman Sachs has forecast a positive end to the Brexit ordeal. Wishful thinking? History will tell. The months to watch will be October and December. With less than 8 months to go before Britain… Read More ›
In an environmentally conscious move, McDonald’s is the latest restaurant chain to phase out plastic straws from its restaurants. The development will enable all of its packaging to become recyclable. On Friday, the BBC reported, starting from September 2018, McDonald’s… Read More ›
ESMA and regulators across the EU are keeping a hawk eye on the mountain of cross border derivative contracts that go beyond Brexit. According to a top regulator from the European Union, the EU may not have enough time to… Read More ›
Significantly, its Tier 1 capital ratio is also impacted by the overhaul. British lending giant Barclays disclosed that it expects to write-down nearly $1.34 billion (1 billion pounds) from its annual post-tax profit as a result of the U.S. tax… Read More ›
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