China has become the biggest victim of the global slowdown. Proving this point stronger, the Chinese central bank, People’s Bank of China has infused 560 billion Yuan ($83 billion) into the banking sector. It is the highest amount to be injected in a day in Chinese history. The yield on the 10-year Chinese government bond […]Continue Reading
Month: January 2019
Amazon has recently become the most valuable company in the world with the highest market capitalization. In the times of Amazon’s growth, Microsoft has also started involving with more retailers. Recently, Microsoft has signed a multiyear deal with Walgreens Boots Alliance (WBA). Though Amazon’s core business still lies in e-commerce, it has been expanding into […]Continue Reading
UK Parliament has defeated Prime Minister’s Brexit deal on a crushing margin. As the date of the divorce is nearing, UK may have to leave the European Union without a deal or even have to stay in it. Parliament had voted 432-202 against the deal proposed by the Prime minister. It is said to be […]Continue Reading
Volkswagen AG and Ford Motor Co may soon unveil an alliance to combine forces on commercial vehicles and may soon expand to electric vehicles and self-driving technologies. This move may save billions of dollars for both of the automakers. Ford and Volkswagen will be soon declaring the alliance officially on Detroit auto show. As per […]Continue Reading
In a long-standing conflict between the United States and Russia, this time German companies will have to face the ire. The United States has warned German companies involved in the Russian-led Nord Stream 2 gas pipeline that they may face sanctions if they choose to continue with the project. US president Donald Trump has accused […]Continue Reading
The on-going shutdown has affected the lives of many in the United States. The affected persons range from the federal employees to other businesses dependent on the Government. But, it is strange and equally surprising that the shutdown has also affected the United States President. President Trump personally paid for an “all American” feast of […]Continue Reading
After the global slow down and disappointing growth results from many countries, now Germany also reported the slowest economic growth since the last five years. The slowdown in Germany has added the problems of global downturn and trade conflicts between the countries. Germany’s Government sources said that the economic growth eased in 2018 to 1.5 […]Continue Reading
Foreign Direct Investment from China into the United States shrunk for the second year in a row. According to the new data by the Rhodium Group, in 2018 Chinese FDI in the United States fell to just $4.8 billion — a massive decline from $29 billion in 2017 and $46 billion in 2016. The figure […]Continue Reading
After receiving criticisms worldwide for its role in eroding the local news business, Facebook has decided to invest $300 million in this segment over three years. The Company said the investment in time and money would be a significant expansion of a plan to help newsrooms not only in the U.S. but also in abroad […]Continue Reading
After the recent declaration by the Chinese Government of opening up its economy to the foreign players, it can be said that China has not lived up to its promises. The most sought-after sector is still unreachable by foreign players. Foreign companies do not fully penetrate the country’s financial market. However, after a series of […]Continue Reading