Business circles in the European Union (EU) have hailed as a “clear signal” of resisting protectionism the recently signed free trade deal between the EU and Japan. Covering about 30 percent of global gross domestic product, the largest economic bloc of the world has been created by the trade agreement between the two parties. “The…
According to the largest aircraft maker in the world, within the next 10-15 years, China will surpass the United States in terms of air travel market which will induce a significant increase in demand for crafts, said Boeing’s commercial marketing chief, Randy Tinseth. The latest global industry report by Boeing claims that in the next…
Banks in UK have not been able to ready themselves yet for a “no deal” Brexit and hence they should act now so that they would be able to avoid risking the stability of the financial system, says the European Union’s top regulator. The preparation of the banks for an eventuality where the UK does…
With the strategy of focusing on a smaller group of core businesses and reducing its debt load, General Electric announced the spin off of its healthcare division and its stake in the oil services firm Baker Hughes. With this move, the company brought an end its efforts at simplification of the large structure of the…
More than $6 billion is hoped to be raised by selling shares in a stock market listing in Hong Kong next month by Xiaomi – amongst the leading smartphone makers of the world. The planned value of the listing was announced by the Chinese tech firm on Saturday. The value is lower than the $10…
It was three years ago that a surge of refugees threatened to overwhelm the European Union. And now the arrival of migrants into Europe is again causing a political crisis. EU leaders are considering on an urgent basis the revamping of the stalled asylum system of the block even though the number of refugees now…
Harley Davidson and the likes has been excluded in the list of American products that India is planning to impose tariffs on. Apples, walnuts and some chemical and metal products are among the American products that India wants to impose retaliatory tariffs on, the Indian government confirmed this week. The tariffs will take effect on…
A recent report in the UK conducted by Women in Sport claims to have found that incidents of discrimination because of their sex were faced by 40% of women in the sports industry. However, 72% of the males in the industry said that they found no inequality, found the report. The study was based on a…
The prediction of analysts at GBH Insights for Netflix’s share price is $500. This online streaming giant, is taking on all comers in its race toward the top spot in the entertainment industry’s Big Boys Club Bumping up from 400 U.S. dollars previously, surpassing the 490 U.S. dollars that analysts at Goldman Sachs assigned last…
According to a latest report, Brexit trade barriers would reduce UK household income by up to £1,000 a year, reported the BBC. The cost to the UK economy could total £27bn because of the most negative scenario of high Import Tariffs And High Regulatory Barriers, Says Global Consultancy Firm Oliver Wyman. Supply chain disruption could…
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