Contributing to the shake-up of supply flows across the globe are crude purchases in one corner of the oil market by a Chinese trader. Data compiled by Bloomberg show that loading as part of an assessment process operated by Platts used to set price benchmarks, China National United Oil Co. last month bought at least…
Industry experts are of the view that a gap in insurance policies is leaving the shipping industry vulnerable and the industry is increasingly at risk from cybersecurity attacks. As hackers become more capable, Cybersecurity has come into focus across the economy. Meanwhile, ships are more reliant on a range of electronic devices to operate. “This…
Germany’s business leaders say there’s a problem with the new president’s “America First” policy with Donald Trump stepping up criticism of the country’s colossal trade surplus. U.S. consumers and workers are the likely losers from many of his proposed restrictions, they say. After a top Trump administration official criticized German trade policies, the perils of…
While no mainland China car brand has yet to crack the U.S. market, American automakers sold 2.96 million vehicles in China last year. As far back as a decade ago, having set—and failed to achieve—timetables to begin U.S. sales were Zhejiang Geely Holding Group and BYD, two large Chinese carmakers, and hence it hasn’t been…
The mosquito borne virus known as Zika was declared to be an international public health emergency by the World health Organization (WHO) exactly one year ago. But the number of global infections continues to rise despite the best efforts of health officials, even though according to a WHO statement in November, Zika is no longer…
A debate among policy makers about their long-running stimulus programs has been intensified as Euro-area inflation accelerated more than forecast to effectively reach the European Central Bank’s goal. Beating the 1.5 percent median forecast in a Bloomberg survey, and noting the the fastest since early 2013 was the 1.8 percent annual increase in consumer prices in…
For participating in a scheme that siphoned millions from failing businesses and eventually cost the bank around 250 million pounds ($315 million), two former HBOS Plc bankers were convicted by a London jury. Found guilty of a string of fraud offenses that allowed the men for whom bribes, luxurious foreign travel and high-class escorts became the norm were…
The world’s largest advertisers want and demand more control and transparency from their suppliers and hence they are reviewing how they buy digital advertising programmatically. Nearly 90 percent of advertisers it surveyed are “reviewing and resetting contracts and business models,” shows a research by the World Federation of Advertisers. Those ads that make use of…
Business leaders stress that “soft skills” have a large role in the technology revolution even while acknowledging a digital skills gap. Discussing in depth the impact of rapidly advancing technology on business and government Sberbank held its annual business breakfast at the World Economic Forum in Davos, Switzerland. Including speakers from MasterCard, Severstal, Dell and…
The Trump administration’s executive order that would have led to the removal from U.S. airports of refugees, visa holders and legal U.S. residents from seven mostly Muslim countries has been temporarily blocked by a federal judge from enforcing it. hours after the American Civil Liberties Union and other groups sued to halt President Donald Trump’s Jan.…
