Another one bites the dust: Panasonic set to move headquarters to Amsterdam

Laurent Abadie, the newspaper said, feared Panasonic being hit with back taxes in the electronics firm's home market if the United Kingdom government carried through threats to protect foreign investment after Brexit by further slashing corporate tax... More..

by | Published 22 days ago
by | Sunday, September 02, 2018

Trump warns Congress against interfering in NAFTA trade negotiations

Trump confirmed the authenticity of the Bloomberg News remarks in an afternoon tweet. The decades-old trilateral trade agreement has been a frequent target of Trump, who has criticized large trade deficits...More..

CBOE Allegedly Waiting on CFTC Approval to Launch Ethereum (ETH) Futures
by | Sunday, September 02, 2018

CBOE Allegedly Waiting on CFTC Approval to Launch Ethereum (ETH) Futures

After making a name in the crypto community for launching bitcoin futures, Cboe is now reportedly preparing to launch ETH futures. Also, the market accounts for a small portion of the total BTC trading arena,...More..

India shortlisted for Uber’s flying taxi service
by | Sunday, September 02, 2018

India shortlisted for Uber’s flying taxi service

Uber will be working with regulators and city planners across the five projected countries which would see the company conduct test flights and road testing (or should we say sky testing). In Brazil , the stat...More..

Trump federal worker pay raise cancellation, GOP tax law federal debt
by | Sunday, September 02, 2018

Trump federal worker pay raise cancellation, GOP tax law federal debt

But Trump's pay freeze comes even as he touts a booming economy. The Senate already cleared a 1.9 percent pay raise for civilian employees for next year. U.S. District Judge Ketanji Brown Jackson said Trump did...More..

KFC Wants You to Name Your Newborn After Colonel Sanders
by | Saturday, September 01, 2018

KFC Wants You to Name Your Newborn After Colonel Sanders

September 9 will be his 128th birthday. Harland is the first name of the Kentucky Fried Chicken's founder, Colonel Harland Sanders, whose 128th birthday will be on September 9. chief marketing officer, in a p...More..

Mastercard has secret contract to supply Google with offline transaction records
by | Saturday, September 01, 2018

Mastercard has secret contract to supply Google with offline transaction records

The tech giant didn't explain exactly how this new tracking system worked, but assured advertisers that it would provide them with valuable insight into the link between what people look at online and what they...More..

GDP growth accelerates in Q1; highest in over two years
by | Saturday, September 01, 2018

GDP growth accelerates in Q1; highest in over two years

Officials in the finance ministry's economic affairs division, however, claimed that the manufacturing figures were the result of combining the weak IIP data and the strong corporate financial performance dat...More..

After US, Mexico Reach Trade Deal, What's Next For Canada?
by | Saturday, September 01, 2018

After US, Mexico Reach Trade Deal, What's Next For Canada?

Some people weren't sure if it was a good meeting, but I was. Canadian Foreign Minister Chrystia Freeland arrived in Washington , DC, for additional trade talks on Tuesday. ISDS protects USA investors, inclu...More..

Freeland takes high road as explosive Trump comments detonate in Washington
by | Saturday, September 01, 2018

Freeland takes high road as explosive Trump comments detonate in Washington

It was Foreign Minister Chrystia Freeland who, speaking in Washington earlier this week , said there's a rhythm to the NAFTA negotiations-a rhythm that she said had on Thursday turned "very intense", which s...More..

by | Saturday, September 01, 2018

Ford cancels plans to sell Focus Active in US

That meant that while the United States wouldn't get the Focus, it would get the Focus Active , a lifted, crossover-y version that would be imported from Ford's factory in China. "Our resources could be bett...More..

Rupee Slips to Fresh Record Low of 70.82 Against US Dollar
by | Friday, August 31, 2018

Rupee Slips to Fresh Record Low of 70.82 Against US Dollar

Growing fears about rising inflation in amid high global crude oil prices and consistent outflow of foreign funds from the domestic equity market also weighed on the domestic currency. On Thursday this week, th...More..

Newsprint tariffs killed by US International Trade Commission
by | Friday, August 31, 2018

Newsprint tariffs killed by US International Trade Commission

The ITC will provide the reasoning for its vote in a final report on September 17. But under US law, the two-part process for making the tariffs permanent also requires the commission to find that the USA pap...More..

Argentina hikes interest rate to 60%; Peso plunges
by | Friday, August 31, 2018

Argentina hikes interest rate to 60%; Peso plunges

The three-year standby financing deal is aimed at strengthening its weak economy and helping it fight inflation, which at 30% per year is one of the highest rates in the world. Rising US interest rates also lur...More..

Trump considers pulling the USA out of WTO
by | Friday, August 31, 2018

Trump considers pulling the USA out of WTO

Mr Lighthizer has accused the WTO dispute-settlement system of interfering with United States sovereignty, particularly on anti-dumping cases. Trump made the comments in an interview with Bloomberg News o...More..

European Union will respond in kind if USA imposes auto tariffs
by | Friday, August 31, 2018

European Union will respond in kind if USA imposes auto tariffs

The European Union will respond in kind if U.S. President Donald Trump reneges on his pledge not to impose auto tariffs, European Commission President Jean-Claude Juncker said as trade tensions between Europe a...More..

GDP Growth Accelerates To 8.2% In April-June Quarter, Beats Expectations
by | Friday, August 31, 2018

GDP Growth Accelerates To 8.2% In April-June Quarter, Beats Expectations

This comes as a major relief to the Modi government. The latest period's annual pace beat a Reuters poll forecast of 7.6 percent, and was the highest since India logged 9.3 percent growth in the January-March...More..

China Urges U.S. to Make ‘Right Decision’ as $200B Tariffs Near
by | Friday, August 31, 2018

China Urges U.S. to Make ‘Right Decision’ as $200B Tariffs Near

The two parties met in July and the handshake was meant to spare the European Union from Trump's trade war threats after Trump initiated tariffs on steel and aluminium imported from the EU. The trade issue is a...More..

Coca-Cola is buying Costa Coffee for $5 billion
by | Friday, August 31, 2018

Coca-Cola is buying Costa Coffee for $5 billion

Whitbread has owned Costa since 1995, when it bought it for just £19m. Today it has over 3,800 stores across the world. In recent years, Whitbread has invested heavily in Costa's expansion overseas, but had...More..

Aston Martin Revs Up For London Stock Exchange
by | Friday, August 31, 2018

Aston Martin Revs Up For London Stock Exchange

Aston Martin has announced plans to go public and float on the London Stock Exchange later this year, following half-year results that saw profits and sales reach record levels for the high-end British vehic...More..

by | Friday, August 31, 2018

Brexit fallout: Panasonic to move Europe headquarters from United Kingdom to Amsterdam

Moving would also avoid Brexit-related barriers of the flow of goods and people, Abadie said. Of the employees based out of London office, 10 to 20 engaged in auditing and financial operations will be moved t...More..

by | Friday, August 31, 2018

Argentina's currency plunges after its central bank hikes rates to 60%

In return for International Monetary Fund support, the government has committed to reducing its budget deficit to 2.7 per cent this year, from 3.9 per cent in 2017, and to 1.3 per cent of GDP next year. The c...More..

Donald Trump Cancels Pay Raises For Federal Employees
by | Friday, August 31, 2018

Donald Trump Cancels Pay Raises For Federal Employees

In his letter, Trump wrote the locality increase in 2019 would average 25.70% and cost the federal government $25 billion. Trump addressed the decision to forgo the pay increase in a letter to House and Senat...More..

Dyson wants to build a $260M hub to test its secretive EV
by | Friday, August 31, 2018

Dyson wants to build a $260M hub to test its secretive EV

The latest plans show the R&D facility will have a range of test tracks totaling a distance of ten miles, and eventually the office space will be expanded to 45,000 square meters so it will be capable of accomm...More..

by | Friday, August 31, 2018

Argentina's peso hits record low against United States dollar

The Central Bank of Argentina raised its benchmark interest rate to 60 %. It estimates gross domestic product will contract by 1% next year, compared with previous expectations for a 3% expansion. Government sp...More..

Tesla Model S jumps train tracks; driver arrested
by | Friday, August 31, 2018

Tesla Model S jumps train tracks; driver arrested

Both the driver and passenger sustained minor injuries. Barrie Police Department has now charged a 46-year-old man with unsafe driving following the single-vehicle smash. Multiple angles show the auto traveli...More..

It’s official: Warren Buffett’s Berkshire buys stake in Paytm
by | Friday, August 31, 2018

It’s official: Warren Buffett’s Berkshire buys stake in Paytm

The investment comes ahead of the introduction of payments services by WhatsApp in India. It will also add more muscle to Paytm's operations as it competes against rivals like PhonePe and Google's Tez. It h...More..

Canadian court overturns approval for Trans Mountain pipeline
by | Friday, August 31, 2018

Canadian court overturns approval for Trans Mountain pipeline

The Trans Mountain Pipeline now includes a pipeline approximately 1,147-km-long that moves crude oil, and refined and semi-refined petroleum products from Edmonton, Alberta to marketing terminals and refineries...More..

by | Thursday, August 30, 2018

Argentina Central Bank hikes interest rate to 60%

The Central Bank of Argentina sharply raised interest rates at an unscheduled meeting Thursday, saying the renewed pressure on the peso posed a risk for inflation. Shares of Argentine export companies that ge...More..

Children banned from buying caffeine-laden energy drinks
by | Thursday, August 30, 2018

Children banned from buying caffeine-laden energy drinks

Many popular energy drinks now come in 500ml cans. There is growing concern that the drinks are fuelling hyperactivity in children, while the Department for Health has warned that "excessive consumption" is a...More..