A senior British diplomat is of the view that with the economy having the potential of growing as much as 10 percent, Myanmar could be the next Vietnam or Thailand. However challenges including a shortage of power supply, lack of policy clarity and high cost of doing business, have to be overcome by the Southeast…
In comments that were seen as a veiled attack on the United States, a senior Chinese politician defended Beijing’s right to build facilities on artificial islands in the South China Sea. Coming after the PLA Navy staged combat exercises in the Western Pacific and the after a US aircraft carrier group was sent to the disputed…
Saying his country will walk away if the U.S. insists on slapping duties or quotas on any products from south of the border, Mexico’s top trade negotiator doubled down on threats to break off talks to rework Nafta. “The moment that they say, ‘We’re going to put a 20 percent tariff on cars,’ I get up…
Trump’s EPA nominee Scott Pruitt, has made it clear that the Obama-era standards will remain. Not wanting to meet stringent fuel efficiency standards set in the U.S., car manufacturing companies in the country have shot off a letter to President Donald Trump in the hope that he loosens things up. Car manufacturers in the U.S.,…
Claiming that a defamatory article deprived her of the chance to launch a lucrative brand of clothing, shoes, jewelry and perfume, First Lady Melania Trump is suing a British newspaper, even though the article was later retracted. Accusing the London tabloid of making it almost impossible to take advantage of “major business opportunities” available “for…
While the Democrats and the Republicans slug it out on the merits and demerits of the project, time is running out since contracts for the project have already been signed. Delays will attract penalties which could make the project void ab initio. 14 lawmakers from the California GOP have sent a letter to the newly-installed Transportation Secretary,…
Despite the bragging rights, its 77.42 gigawatts of solar energy is just a drop of water in its bucket of energy requirements and represents just 1% of the country’s total energy demands. China has made giant strides in implementing clean energy and is slowly weaning off its economy from lustre of cheap coal power. According…
Selling off some of the nation’s prized assets to prop up France’s nuclear industry would be one of their first tasks in office for whoever succeeds Francois Hollande as France’s president. Two government officials with direct knowledge of the matter were quoted in the media saying that compared to the 7.5 billion euros it has…
Change has to come from the inside … A boycott movement which registered more than 200,000 account deletions from employees, convinced Travis Kalanick, Uber’s CEO, to end his tenure at U.S. President Donald Trump’s economic advisory council. However, SpaceX and Tesla’s CEO, Elon Musk has yet to be convinced as how why he should withdraw…
The industry for alternative energy sources is only set to grow. In a big step towards green energy, Ireland has decided to slice out coal and oil from its energy footprint. The country’s parliament has passed a bill that stops the country’s investment in fossil fuels. The move has yet to become law since it…
