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Iranian Foreign Minister urges other countries to abandon the dollar 06/11/2019

Study: Machine learning is five times more harmful for the environment than a car 06/11/2019

Novartis Executive Named As Sanofi’s C.E.O 06/14/2019

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Economics

UK car production fell in April due to Brexit

The British Society of Motor Manufacturers and Traders (SMMT) reported that automobile production in the country in April fell by 44.5% in annual terms to 70,971 thousand units. This is the sharpest decline since the global financial crisis, writes Reuters. Car factories closed last month to avoid...

Low Rates Are ‘A Boon For Banks’: ECB’S de Guindos

ECB’s vice-president sees low rates as a means to recover the economy of Europe. The vice-president of the European Central bank, Luis de Guindos thinks that the low rates are acting like “a boon for banks” whereby reading the debate grounds about if the “lenders should be compensated”. ...

Amid Persisting Low Inflation, ECB Should Review Its Policy: Rehn

Rehn gives his view on what should be ECB’s next course of action vis a vis inflation targets. On Wednesday, 29 May 2019, talking to Reuters, the Bank of Finland’s Chief, Olli Rehn, said that the European Central Bank needs to reconsider its “monetary policy strategy” besides loosening up how it...

ECB Warns Real Economy Can Be Hit Quite Fast By A Full Blow Trade War

There can be “bouts of high volatility” in financial markets because of increasing uncertainty about global economic growth, warned the European Central Bank (ECB). There can be further falls in asset prices could be triggered by a possible escalation of trade tensions and the...

U.S. Stops Short Of Naming China As Currency Manipulator But Increased Watchlist

The Trump administration of the United States stopped short of labeling China as a currency manipulator once again thereby potentially avoiding an aggravation of the currently acrimonious trade war between the two countries which are also the two largest economies of the world. No country...

South Korea In Tight Spot Because Of US-China Trade War

It was just a week ago that the Chinese tech giant Huawei was placed in its trade blacklist by the United States – but that did not stop a delegation of more than a hundred politicians and business leaders from South Korean visiting the company’s headquarters in China. The team, which...

US-China trade conflict starts affecting other countries

Negative consequences of the confrontation between the two largest economies began to affect the markets and companies around the world. Corporate investments in Japan decreased in Q1 by 1.2%, and private consumption - by 0.3% on an annualized basis, although GDP still grew by 2.1%, the statistical...

The Frontiers Of Climate Change Battle

The Brazilian coastline mangrove forests stand as sentinels to check soil erosion by taking on the hit from climate change and rising water levels, but we need to save them from the humans as well as climate change phenomena. Brazilian fishermen like Jose da Cruz have been earning his living for...

Italian Deputy Prime Minister Demand For ECB’s New Role In State Debt Guarantee

The winning leaders of EU parliamentary election suggest EU fiscal rules reform, while Salvini urges for a new role of ECB in state debt guarantee. On Tuesday, May 28, 2019, Matteo Salvini, the deputy Prime Minister of Italy demanded for a “new role” in the European Central Bank. This should be...

New York Emerges As The New Global Finance Centre In Survey

Brexit’s shadow of uncertainty has grown into “a full-blown crisis”, reveals annual survey. Duff & Phelps’ conducted a survey which involved the financial executive, whereby it revealed that Brexit fallout has been highlighted New York as the “pre-eminent financial centre” of the world whereby...