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Goldman Sachs obliges its employees to get permission to travel to Paris during the Olympic Games 2024 04/30/2024

Russia Paid Middlemen For Half Of Its Payments To China: Report 04/27/2024

Quarterly growth of US GDP turns out to be worse than forecasts 04/26/2024

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Economics

Investment Banking’s 15% Profit Gain Leverages Barclays In Activist Debate

Banks make Brexit provisions, while Barclays manages to ride on the tide of profit gains at its investment banking sector. With the reports of increased “annual income” at Barclay’s investment bank, it replied the “activist shareholder critic”, while sounding a caution note of a “150 million pound”...

UK's Brexit Gloom Increased By Honda’s Plant Closure

The decision of the Japanese car manufacturing company Honda to close down its only manufacturing unit in the United Kingdom in 2021 has dealt a blow of Britain which is already under pressure with the uncertainty surrounding Brexit. Honda also adds on the list of car makers that have...

China & UK Slowdown Headwinds For It, Warns HSBC, Reports Disappointing Profits

HSBC Holdings has warned of impact on business in the current year because of the slowdown of the Chinese economy and in the UK while presenting a disappointing annual profit for 2018 primarily because of higher costs and its trading business being hit by a stocks rout. The bank wants to...

Prospect Of No Deal Brexit Makes UK Supermarkets Scramble To Secure Food Stocks

If there are no specific trade terms between the United Kingdom and the European Union before their divorce next month, there can be less variety, price increase and shortages of fresh food in the country according to officials of the food industry in the country. Supermarkets are...

Brazil wants the EU to compensate for steel import tariffs

Brazil appealed to the European Union for compensation after the EU authorities introduced tariffs on steel imports from major producing countries earlier this month, the Brazilian government said. The government also notified the World Trade Organization (WTO) that it would take countermeasures to...

The Netherlands says goodbye to the gas era

The Netherlands said goodbye to its own gas. For the first time in half a century, since 1963, when the development of the largest gas field on the continent began in Groningen, the kingdom’s gas purchases exceeded its sales. Thus, Holland, a country with a population of 17 million, joined a large...

UBS: China will increase debt in 2019 to support the economy

UBS Group AG predicts a rise in debt in China in 2019, which is designed to mitigate a slowdown in economic growth, reports Bloomberg. The ratio of the country's total debt to GDP will rise again this year, after it remained unchanged in 2017 and decreased in 2018, wrote Head of Chinese economic...

Public And Private Projects Being Delayed Due To Brexit: Galliford Try

Private companies are not delaying investment in the United Kingdom while the government remains busy preparing for the exit of the UK form the European Union, said the construction firm Galliford Try which means that investments in the private sector are already being significantly put off because...

Trade Talks Making Progress, Says China’s Xi Progress

There has been important progress in the trade talks between the United States and China, said the Chinese president Xi Jinping while talking to trade representatives from the US and added that the talks negotiations would continue further next week in Washington in an effort to resolve the ongoing...

U.S. Deficit In Current Budget Year Is 40% Higher Y-O-Y

The federal budget deficit of the United States government in the month of December 2018 was calculated to be at $13.5 billion. This resulted in the overall deficit for the fort three months of this budget year was 41.8 per cent more than the comparable period a year ago. According to the...