On Friday, with Democratic Unionist Party deputy leader Nigel Dodds losing his seat in the British parliament has increases the likelihood of Northern Ireland electing more Irish nationalists than pro-British unionists for the first time since 1921. As a result,… Read More ›
United Kingdom
The United Kingdom’s economic fate hangs in the balance as British parliament faces 2 crucial votes
Boris Johnson, who has been the face of the 2016 referendum campaign, now faces an unenviable position of keeping his “do of die” pledge and ensuring Brexit in just 9 days. Defeat in either of the two votes places him… Read More ›
Bank of England to push result of 2019 Bank Stress Test on Dec. 10
The test was to see whether banks have enough capital to take on stressful economic conditions. On Friday, UK’s central bank, the Bank of England said, it would publish the results of its annual assessment of banks’ readiness for financial… Read More ›
Britain clinches Brexit agreement
The keys to the deal lies with the DUP, which provides critical support to Johnson’s government. On Thursday, in a historic development, at the very last minute, Britain has managed to clinch a Brexit deal with the EU. However, British… Read More ›
Domino’s Pizza to exit from 4 international markets citing mounting losses
Sales in international markets have been down despite a turnaround plan. The decision to quit from these markets comes in the wake of the company announcing the retirement of its CEO Wild. On Thursday, Britain’s biggest pizza delivery company Domino’s… Read More ›
Pathway to Brexit deal sighted by negotiators
Both sides are cautious to not disturb the delicate balance that has been arrived at and have not disclosed the compromises, if any, that have been made. On Friday, just hours after British Prime Minister Boris Johnson and his Irish… Read More ›
British Prime Minister Boris Johnson facing rebellion from cabinet member over no-deal Brexit
According to a report from The Times, a large number of conservative members of the ruling cabinet are likely to quit in case of a no-deal Brexit. On Wednesday, as per a report from the Times newspapers, British Prime Minister… Read More ›
U.S. escalates trade row with the EU: imposes 25% tariffs on alcohol products, Italian cheese, etc
These new tariffs are likely to significantly impact numerous U.S. small and medium sized family businesses which import these European goods into the United States. In a significant development that sees a further escalation of the U.S.-EU trade war, the… Read More ›
Bayer hires law firm Sidley Austin for investigating pan-Europe influence scheme by Monsanto
Bayer has its hands full due to U.S. class-action lawsuits revolving around Monsanto’s Roundup weed killer which has glyphosate which causes cancer. In a statement, Bayer AG said it has hired Sidley Austin, a law firm to investigate a Europe-wide… Read More ›
Britain’s CMA blocks Sainsbury’s $9.4 billion takeover with Walmart-owned Asda
Walmart’s strategy to exit Britain, one of its weakest performers in its global portfolio, has effectively been blocked. Facing limited options, here’s an examination of the issue, its implications for Walmart and a potential way around it. In a significant… Read More ›