The finance ministers of the European Union have called on the economic block to completely stop al funding to oil, gas and coal projects. Experts estimate that if this measures is followed up, it would potentially lead to cancellation of annual investments worth €2bn. The EU finance ministers pointed out their concerns directly at the…
While Facebook still refuses to do anything about political ads that appear on its social media platform even as lawmakers and regulators in the United States and elsewhere clamor for the social media company to exert more control over fake political ads, its fellow social media company Twitter has announced that it would be banning…
According to reports, the top leaders at the European Union are likely to take some time to discuss and decide on the plea of the United Kingdom government for an extension of Brexit deadline. It has been reported that the leaders of the other 27 EU states also want to give UK Prime Minister Boris…
If necessary, the Japanese government could make available fiscal and monetary stimulus for the economy even though it does not feel there is any need for such an action immediately. A boost to the world’s third-largest economy can be given at any time by the Japanese government because currently the economy is facing issues because…
Marine “heatwaves” are being caused and rise of sea levels is being accelerated threatening the coastal fishing based economies because of the alarming pace at which the surface temperature of the oceans of the world is rising due to global warming, warned a fresh report published by the United Nations. The report said that heat…
The highest and fastest drop in manufacturing output in nearly seven years was experienced by the eurozone economy in September because of the slowdown in global trade and threat of the no-deal Brexit which brought the economy of the zone to a near standstill. The bad performance of the eurozone economy was led by negative…
The United States is trying to bring down the heat of the trade war with China. Soon after the completion of the fresh round trade talks between the deputy trade representatives of the two countries, the US announced a long list of Chinese-made goods that would be excluded from the import tariffs that had been…
A crisis for the legal cannabis industry could occur because of the reliance of the industry on vaping for an estimated quarter of its business in some states of the United States after the recent spate of vaping-related illnesses and deaths. Some experts of the industry however are of the opinion that the issue of…
Any more rate cut by the central bank of Europe could do more harm than good, warned Germany’s top banker. “It will have serious side effects,” Deutsche Bank CEO Christian Sewing said Wednesday at a banking conference in Frankfurt. When the European Central Bank meets later this month, both investors and companies expect that there…
Controversy has struck the Spanish retailer Zara in China after the company decided to keep some of its stores closed in Hong Kong when the island city was expected ot experience violence because of the pro democracy protests. A call for the boycott of the company has been given by thousands of Chinese on social…
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