European Central Bank chief Mario Draghi on Thursday warned that risks to the eurozone economy were now tilted “to the downside”, acknowledging for the first time that waning global momentum was weighing on the region’s outlook. But he stressed the ECB had “not run out of” tools to tackle worsening headwinds, suggesting the bank was […]
Facing increased public scrutiny, Google and Facebook spent record amounts of money lobbying the US government on privacy and antitrust policies in 2018, with both companies topping previous highs, new data filings showed. In quarterly filings to Congress disclosed on Tuesday, Google revealed that it dished out a company-record of $21.2 million on Washington lobbying […]
Larneuk based Cluster (Fastnet Rock) has produced some exceptional results at the trials and on race day over the past few months. Gee Gee’s Darl a filly the Geards purchased at the 2018 Tasmanian Magic Millions Yearling Sale for $45,000 won the first 2YO race of the season at Elwick on Saturday she not only […]
Hronis Racing LLC’s Accelerate, the 9-5 morning-line favorite for Saturday’s $9 million Pegasus World Cup Invitational (G1), got acquainted with Gulfstream Park during a morning gallop Wednesday. John Sadler-trained Accelerate arrived at Gulfstream Park Tuesday evening, along with stablemate Catapult, who will compete in Saturday’s $7 million Pegasus World Cup Turf Invitational (G1). “Accelerate’s doing […]
China’s economic growth of 6.5% in the past quarter was the weakest since the financial crisis and is expected to slow further. How are emerging domestic and global trends affecting China’s economic outlook? Did you know: China’s GDP growth is slowing from 6.6% last year to a projected 6.3% this year. Background reading: Is a […]
Cash is King and LC Racing’s Grade 2 winner Maximus Mischief, undefeated in three starts as a 2-year-old, tops 24 horses nominated to the $350,000 Fasig-Tipton Holy Bull (G2) Saturday, Feb. 2 at Gulfstream Park. Following the one-mile Mucho Macho Man Stakes Jan. 5, the 30th running of the 1 1/16-mile Holy Bull for 3-year-olds […]
Italian Prime Minister Giuseppe Conte says the Italian people are questioning the validity and credibility of the European project without regarding its historical merits. “Our experience might be an indication of what Europe will look like tomorrow,” he says. “A sense of despair is spreading. Even the middle class is facing poverty. Everyone feels that […]
Thanks to Alibaba’s rise to prominence as a global powerhouse in the retail, ecommerce and technology sectors, Jack Ma, founder and chairman of the China-based multinational conglomerate, is one of the world’s most well-known business leaders. It’s small wonder then that when he announced he was stepping down as chairman of Alibaba, the news turned […]
The University of Notre Dame, one of the oldest and most prestigious US centers of higher learning, will cover murals depicting Christopher Columbus out of concern that the art works depict a skewed history of colonial America. Painted on the walls of the Catholic institution’s main building — a grand structure with a golden dome […]
In the race to find an Australian role model that has demonstrated hard work, grit and honesty in the last year, one Aussie paper has decided the only one in the running is a horse. Finding a dearth of idols in the two-legged sporting, political, cultural or academic worlds, The Daily Telegraph on Thursday named […]
Chinese consumers should outspend their American counterparts in 2019, with retail sales in the Asian giant continuing to grow in the coming years, according to an industry forecast published Wednesday. Retail sales in China are expected to hit $5.64 trillion, an increase of 7.5 percent over 2018, while Americans are likely to spend $5.53 trillion, […]
Vote O’tauto in the All Star Mile There is excitement in the air at Larneuk Stud and at the Cranbourne stables of Greg Eurell with the exciting three-year-old O’Tauto nominated for the inaugural running of the rich All Star Mile to be run at Flemington on March 16. The world’s richest 1600m race has attracted […]
The 2019 Magic Millions Gold Coast Yearling Sale has been confirmed as the best ever with records tumbling across the board during a sensational six days of selling which concluded today. Today over $1.7 million was grossed across Book Three of the Gold Coast Yearling Sale and the Gold Coast Summer Racehorse Sale. Headlined by the $230,000 […]
The 2018 owners rankings in France are pretty clear. The Godolphin stable of Sheikh Mohammed al Maktoum dominates with a total of €5.6m in earnings, plus around €200,000 in owners’ premiums, as most of the horses in this team are traditionally bred abroad and are not assimilated French. This is also the case for Khalid […]
Races: 12. Wins: 5. Champions Series wins: 2. Prize-money won: £873,503. Clive Cox never made any secret of the regard that he held Harry Angel in and the colt backed up his assertion with some brilliantly speedy performances. Highlights included landing the Darley July Cup at Newmarket and then the 32Red Sprint Cup at Haydock […]
Audible Flavien Prat, a leading rider on the Southern California circuit, will be aboard 2018 Florida Derby (G1) winner Audible in the $9 million Pegasus World Cup Invitational (G1), the richest race in North America, Jan. 26 at Gulfstream Park. Audible’s trainer, Todd Pletcher, confirmed the mount Sunday afternoon after speaking with Elliott Walden, president […]
by Kristen Manning Half way down the famed Flemington straight, the good looking bay still had several lengths to make up. Supporters of the short priced favourite were feeling a bit nervous, especially as the leader gave a nice little kick. But the bay changed legs, pinned his ears back and lengthened his impressive stride […]
A public transport employee who doesn’t earn enough to feed himself, a doctor who watches his patients die for lack of medicines, a lawmaker without a legislature, three generations of one family emigrating — the list of victims of Venezuela’s crisis is long. They come from all walks of life and dread the prospect of […]
Former Nissan boss Carlos Ghosn said Tuesday he had been “wrongly accused and unfairly detained” at a high-profile court hearing in Japan, his first appearance since his arrest in November rocked the business world. In a statement prepared for the hearing and issued by a spokesperson, Ghosn was expected to conclude his remarks by saying: […]
US officials entered a second day of trade talks with Chinese counterparts in Beijing on Tuesday, overshadowed by an unannounced visit from North Korean leader Kim Jong Un. This is the first time the two sides have met face-to-face since US President Donald Trump and President Xi Jinping agreed to a tariff truce during a […]
Electronic displays that fold, roll and bend have finally arrived after years of development, and tech firms are touting the technology as a potential source of growth and new applications. Surprising that these #flexibledisplays are still not on the market! @cheddar #flexiblescreens #displays #screen #smartphones #Apple #Samsung #patents #Tech https://t.co/OHVfvhYUMv — Eveline Ruehlin (@enilev) January […]
Stronach Stables’ millionaire homebred Something Awesome breezed Saturday morning for the first time since arriving in South Florida ahead of his next scheduled assignment in the $9 million Pegasus World Cup Invitational (G1) Jan. 26 at Gulfstream Park. Hall of Fame jockey Edgar Prado was aboard as multiple graded-stakes winner Something Awesome went one mile […]
The newly installed US Congress is expected to see a fresh effort to develop new regulations for big technology firms, with a focus on tougher enforcement of privacy and data protection. The wave of data scandals that have hit Facebook and other online platforms has prompted growing calls for action by lawmakers looking to curb […]
Alexandria Ocasio-Cortez began her term as the youngest woman ever elected to the US Congress with a Socialistic bang this week by proposing to tax the ultra-rich at 60 or 70 percent. The daughter of hardscrabble working-class parents, the 29-year-old New Yorker was working toward making good on a campaign promise, making the USA a […]
No Nay Never Yearlings Head to Magic Millions No Nay Never has already proven himself in the Northern Hemisphere. The leading first crop sire in 2018 in the northern hemisphere, his first 2YO’s include… Ten Sovereigns – unbeaten 3-time winner including the G1 Middle Park Stakes & G3 Round Tower Stakes for Aidan O’Brien Land […]
President Donald Trump said Friday he is confident Washington and Beijing will reach a deal to bring to a close the months-long trade dispute that has roiled global financial markets. “I think we will make a deal with China,” Trump said at the White House, and noted that talks are underway with China “at the […]
Global stocks shot higher on Friday following a strong US jobs report and dovish comments from Federal Reserve Chair Jerome Powell on the prospects for higher interest rates. Those back-to-back market-friendly developments helped US and European stock bourses surge higher and set aside for now nervousness over trade wars, a US government shutdown and a […]
President Xi Jinping hailed China’s “reconstructive reforms” in a New Year speech, but the sorely needed changes could be put on ice in favour of averting a potentially devastating economic downturn. The way ahead is further complicated by a volatile trade dispute with the United States that — if unresolved — will add to the […]
US internet giant Google used a legal mechanism to transfer almost 20 billion euros from the Netherlands to Bermuda in 2017 for tax purposes, a Dutch newspaper report said Friday. Google, which is owned by US parent company Alphabet, moved 19.9 billion euros ($22.7 billion) with a tax evasion strategy dubbed “Double Irish, Dutch Sandwich”, […]
Eurozone inflation slowed to an annual rate of 1.6 percent in December mainly due to lower energy costs, preliminary data from the EU statistics unit Eurostat showed Friday. Falling oil prices helped limit increases in the costs consumers pay for energy of all kinds to an average of 5.5 percent, down from a 9.1 percent […]
Segenhoe Yearlings Head to 2019 Magic Millions Segenhoe look set for another successful year as their 2019 Yearlings head to the 1st major sale at Magic Millions on Australia’s Gold Coast. This year Segenhoe are bringing very well bred yearlings by some of the hottest sires in Australia. Snitzel, I Am Invincible , So You […]
The paralysis triggered by the US government shutdown could have unexpected consequences, such as muddying economic statistics just as the markets are extremely reactive to any whiff of uncertainty. More than a week into the game of chicken between President Donald Trump and Democrats in Congress, the publication and recording of statistical indicators are being […]
Leather riding boots are neatly lined up on a carpet, a picture shows blood-thirsty hounds on a fox hunt and a fountain spews water from the mouths of stone horses. It may have the trappings of upper-class Britain, but this is in fact suburban Shanghai and the County Down Club, the self-styled first exclusive membership […]
The brilliant start to his stud career made by Brazen Beau continued at Royal Randwick on Saturday, 15 December when Accession became his first Stakes winner with an impressive victory in the Restricted Listed Inglis Nursery over 1,000m for those offered at the Inglis yearling sales in 2018. Trained by Chris Waller who conditioned Brazen Beau to […]
Egypt continues to be targeted by Muslim terrorist attacks launched by a local affiliate of Islamic State (IS, formerly ISIL/ISIS). In November, the extremists attacked a bus taking Coptic Christians to a local monastery and killed seven people. In September, Egyptian police detained a man who’d attempted to detonate an explosive device outside the US […]
One of the most promising three year-olds from the first crop of champion racehorse So You Think, So Si Bon (5g So You Think x Black Minx, by Lonhro) has never lacked for talent, but his race record only featured one win until Boxing Day when he powered to the line to win the Listed […]
Sierra Farm’s Nessy made late surges to finish second and third in his two graded-stakes starts at Gulfstream Park last season, but the Ian Wilkes-trained closer shouldn’t run out of ground Saturday in the $100,000 H. Allen Jerkens. Second in the 1 1/8-mile McKnight (G3) and third in the 1 3/8-mile Mac Diarmida (G2) during […]
Santa Anita Park’s 2018-19 Winter Meeting got off to a record-breaking start on Wednesday, as the track posted an all-sources pari-mutuel handle of $20,491,016, a 19 percent increase over a year ago and an all-time opening day record. Wednesday’s opening day crowd of 41,373 contributed to an on-track handle of $3,463,535, a five percent increase […]
The recent tumult in financial markets has shined a light on the rising role of automated trading on Wall Street and how it is exacerbating volatility as HEFFX has warned it’s customers it would for several years. Since the 2008 financial crisis, investors have increasingly turned to computerized trading systems that have been programmed to […]
Swedish state broadcaster SVT has come under fire for what was an obvious effort to downplay the horrendous details of the murders of two Scandinavian backpackers in Morocco last week. Louisa Vesterager Jespersen, 24, from Denmark, and Maren Ueland, 28, from Norway were killed while backpacking in Morocco’s High Atlas mountains. While both girls were […]
Economic growth should continue its momentum in 2019, albeit at a slower rate, while the transition from bricks-and-mortar to online retailing will continue to gather pace, according to a worldwide study of year-end sales released today by the Hong Kong Trade Development Council (HKTDC). The report collected retail figures to analyse the year-end sales performance […]
President Donald Trump on Monday renewed his verbal assault on the Federal Reserve, blaming the central bank for mounting fears over the US economy and comparing it to a blundering golfer. “The only problem our economy has is the Fed,” Trump tweeted. “The Fed is like a powerful golfer who can’t score because he has […]
New York Governor Andrew Cuomo on Monday called for the legalization of recreational marijuana use in his state — a move that would add America’s most populous city to the growing list of places that allow the drug’s use. The announcement marked a shift for the Democrat, who was re-elected for a third term as […]
Wall Street fell again on Monday while other global stocks mostly fell as a wave of fake news and misleading commentary about economic growth swept over investors. US President Donald Trump lambasted the Federal Reserve again, calling on the central bank not to raise interest rates a day before policymakers are due to meet. Markets […]
Vietnam’s Cam Ranh is soaring for the stars with Bangkok Airways emerging as the latest in a string of airlines to unveil a direct route to the pristine coastal destination. Starting Jan. 25, Bangkok Airways will operate four non-stop return flights weekly between Bangkok’s Suvarnabhumi Airport and Cam Ranh International Airport on Monday, Wednesday, Friday […]
Asian markets mostly rose Monday as traders look ahead to a key meeting of the Federal Reserve, and a Chinese policy-setting conference this week. However, there is still caution on trading floors after Friday’s sharp sell-off fuelled by concerns over China’s economy, and despite a tweet from Donald Trump suggesting a trade deal could be […]
The Business Registration and Licensing, BRL, sector in the Department of Economic Development, DED, Dubai, has issued 1,748 new licenses during November 2018, as Dubai remained a destination of choice for investment in diverse business sectors. Among the new licenses issued, 62.3 percent were commercial, 35.2 percent professional, 1.3 percent related to tourism, and […]
The US Federal Reserve is likely to raise interest rates in the coming week but policymakers have begun to signal they may take it a bit slower in 2019. Waning growth, a trade war, tame inflation and an increasingly scary geopolitical scene mean the central bank could make clear they plan to slow or even […]
The recent diplomatic dust-up over Chinese telecoms company Huawei, one of the leaders in developing equipment for fifth-generation mobile networks, has demonstrated that this technology which promises to enable an internet of things and self-driving vehicles also poses risks. What is 5G, what will it be able to do, and what are the risks? What […]
US President Donald Trump thanked Apple chief Tim Cook on Friday after the tech giant unveiled plans for a $1 billion campus in Texas that is expected to create thousands of jobs outside its Silicon Valley base. “Thank you to @tim_cook for agreeing to expand operations in the U.S. and thereby creating thousands of jobs!” […]
A survey of French businesses on Friday indicated a major dip in activity linked to the month-long “yellow vest” protests ahead of a decisive weekend for the grassroots opposition movement and President Emmanuel Macron. The survey of businesses by the IHS Market research group indicated that output had contracted in December, underlining the economic impact […]
The “yellow vest” revolt in France over the high cost of living has sparked copycat protests abroad — as well a swarm of fake reports. AFP’s fact-checking service sorts the real from the imagined: – Copycat protests – The month-long French demonstrations, which have led to repeated rioting in Paris, have inspired protesters in a […]
President Donald Trump on Friday predicted a major US-China trade deal in the near future, saying that Beijing’s negotiating position had been weakened by the impact of the tariffs war between the world’s top two economies. “China wants to make a big and very comprehensive deal. It could happen, and rather soon!” Trump tweeted. His […]
Wall Street led stock markets lower across the globe on Friday after data showed weakness in the Chinese and eurozone economies, despite further indications Beijing and Washington might be moving to end their trade war. Signs of easing tensions had helped propel equities higher earlier this week, with both China and the United States seeming […]
South Korea is in close consultations with the United States and the United Nations to get sanctions exemptions ahead of a planned groundbreaking ceremony in North Korea for a joint project on connecting roads and railways over their border, the unification ministry said Friday. On Thursday, the two Koreas agreed to hold an event in […]
The arrest of a top Chinese tech executive at the request of the US has snared Canada in the middle of a major international dispute involving Beijing and Washington. Ottawa confirmed on Thursday that China had detained two Canadian nationals under what Beijing has said is suspicion of threatening its national security. That came nearly […]
EU leaders rebuffed a plea by Theresa May on Thursday to help her sell her Brexit deal to parliament, warning she must set out exactly what she wants — and announcing they would step up contingency plans in case the deal collapses. The British prime minister came to a Brussels summit a day after seeing […]
Confidence among Japan’s biggest manufacturers was unchanged this quarter after slipping for three consecutive surveys, central bank data showed on Friday. The Bank of Japan’s Tankan report — a quarterly survey of about 10,000 companies — showed a reading of 19 among major manufacturers in its December survey. The reading was unchanged from the previous […]
Asian markets fell on Friday, putting the region on course to end a broadly positive week on a sour note, as traders took a step back and their profits off the table. There was also some unease after the head of the European Central Bank raised concerns about the growth outlook for the eurozone owing […]
A homebred for Bob and Sandra Peters, the Grant and Alana Williams trained filly Arcadia Queen (3f Pierro x Arcadia, by Redoute’s Choice) stamped herself as the find of the summer when powering clear to score a resounding victory in the $1million Group I WATC Kingston Town Classic at Ascot on Saturday. A brilliant winner […]
The build up to Magic Millions’ $10 million raceday intensifies at Doomben on Saturday with a string of feature races to be contested. While the depth of the fields is strong it could be the weather that is a major player with forecasts for South East Queensland predicting widespread rain. The listed Phelan Ready Stakes […]
The Hong Kong Trade Development Council (HKTDC) today published its annual export forecast, saying it expects Hong Kong exports to increase 5% in value and 3% in volume in 2019. Meanwhile, the latest HKTDC Export Index for the fourth quarter of 2018, also published today, edged down slightly on the previous quarter, showing that exporters […]
Brazil’s central bank on Wednesday left its key interest rate at 6.5 percent, in its board’s last meeting before far-right president-elect Jair Bolsonaro takes office on January 1. The rate has been kept at that level since March, after several preceding cuts. Market analysts had expected it to remain untouched. The bank said in a […]
Asian markets enjoyed more gains Thursday as investors are cheered by the more conciliatory noises from China and the US on trade, while uncertainty over Brexit continued to pressure the pound. While the tariffs row between Beijing and Washington is far from being resolved, there is a lot more optimism on trading floors this week […]
Apart from excessive taxation, senseless levels of immigration and an undercurrent of Socialism, Europeans have more reasons to be concerned. A chapter of eurozone history will come to a close Thursday, with the European Central Bank widely expected to withdraw a key element of support for the economy while reassuring observers fearful of the growing […]
Update: A Canadian court granted bail Tuesday to a top Chinese executive arrested at the United States’ request in a case that has set off a diplomatic furor among the 3 countries and complicated high-stakes US-China trade talks. After 3days of hearings, a British Columbia justice granted bail of $10 million Canadian (US$7.5-M) to Ms. […]
At least three people have been killed and 12 others injured in a shooting incident in the northeastern French city of Strasbourg, close to one of the oldest and biggest Christmas markets in Europe. The suspect had engaged police in a shootout before fleeing the scene and is still on the run. According to some […]
The European Commission on Tuesday said Brussels will keep close watch over France’s new spending plans, a day after President Emmanuel Macron unveiled new measures to quell violent protests. But the Commission, the European Union’s executiuve arm, said it will give itself until the spring to analyse the French budget as concerns increase it may […]
African Gangs Run Riot in Melbourne African Gangs continue to terrorize the streets of Melbourne, Australia. Australia’s weak politicians continue to allow the imported criminals to behave as they please and Australian’s are getting fed up. Police are searching for a “gang of offenders” because they are not allowed to say African Gangs, after two […]
German police had to call in reinforcement, deploying scores of officers to quell mayhem in a reception center in country’s south, where a group of migrants faced off with security personnel. A row between migrants in one of the reception centers escalated into open violence early Tuesday as people living in the shelter attacked local […]
Venezuela’s National Assembly, an opposition-controlled legislative body, said annual inflation has reached 1,300,000 percent in November as the country struggles through its worst economic crisis ever. At the same time, the rate of monthly inflation has gradually decelerated during three months through November. According to the report by the National Assembly, the figure declined to […]
Policymakers at the European Central Bank will remove a key pillar of their support for the eurozone economy as planned Thursday, even while offering a gloomier outlook for the coming years, analysts expect. But with financial markets in turmoil over risks in Europe and beyond — from Brexit to an Italian budget row and Donald […]
When Canadian columnist Anthony Furey received an email said to be from Twitter’s legal team telling him he may have broken a slew of Pakistani laws, his first instinct was to dismiss it as spam. But after Googling the relevant sections of Pakistan’s penal code, the Toronto Sun op-ed editor was startled to learn he […]
Ambitious plans to position Laguna Lang Co as one of Asia’s most far-reaching integrated resorts are ratcheting up with the official launch of the property’s exclusive Banyan Tree Residences. Unfolding over 280 hectares of prime oceanfront real estate in central Vietnam, the project is already renowned for its two award-winning resorts Banyan Tree and Angsana […]
Salomon Del Valle’s Margoth purchased a spot in the $9 million Pegasus World Cup Invitational (G1), confirming multiple graded-stakes winner Gunnevera for North America’s richest race Jan. 26 at Gulfstream Park. Gunnevera, who finished third in last year’s Pegasus World Cup, most recently ran second in the $6 million Breeders’ Cup Classic (G1) Nov. 3. […]
Social media has overtaken print newspapers as a news source for Americans, researchers said Monday, highlighting the growing importance of services such as Facebook and Twitter as well as the troubled state of legacy news organizations. The Pew Research Center report found 20 percent of US adults say they often get news via social media, […]
A Chinese court ordered a ban in the country on iPhone sales in a patent dispute between US chipmaker Qualcomm and Apple, according to a Qualcomm statement Monday. The statement said the Fuzhou Intermediate People’s Court had granted Qualcomm’s request for two preliminary injunctions against four subsidiaries of Apple, ordering them to immediately to stop […]
Brussels will create an alternative payment channel to facilitate financial transactions between the European Union and Iran in the near future to bypass US sanctions, the EU’s top diplomat, Federica Mogherini, has announced. “I will expect this instrument to be established in the coming weeks before the end of the year as a way to […]
French President Emmanuel Macron will address the nation on Monday night to announce a series of “concrete” measures aimed at ending the protests over taxes and inequality that have rocked the country over the past three weeks. After already abandoning the anti-pollution fuel tax hikes that sparked the protests, what else can he do to […]
Jerome Corsi has sued Robert Mueller and a handful of federal agencies for allegedly attempting to blackmail him into lying about being a middle man between Wikileaks and the Trump campaign. Corsi, the former Washington bureau chief of Alex Jones’ controversial site, InfoWars, filed a lawsuit on Sunday which claims that special counsel Robert Mueller […]
The UK is free to unilaterally revoke a notification to depart from the EU, the European Court has ruled. The judicial body said this could be done without changing the terms of London’s membership in the bloc. The European Court of Justice (ECJ) opined in a document issued on Monday that Britain can reverse Article […]
In January, Charles Li, Chief Executive of the Hong Kong Exchanges and Clearing Limited (HKEx), announced the most important reform of the city’s listing system in 25 years. In the end of 2018, we are going to see the glorious achievements of the Hong Kong market. According to the performance report of the first three […]
Shops shuttered in the run-up to Christmas, chaos on the roads: France’s “yellow vest” protests are dealing a blow to the economy which the finance minister says is no less than a “catastrophe”. As riots flared in Paris on Saturday, Livio Forte, a tourist from New York, could only watch on as police trucks lined […]
Elon Musk, the CEO of Tesla, openly derided the Photo by cdorobek [/caption]in an interview aired Sunday, having settled fraud charges with the regulatory agency over an errant tweet. “I want to be clear. I do not respect the SEC — I do not respect them” he said in an interview on the CBS network […]
China on Saturday summoned the Canadian ambassador over the “unconscionable and vile” detention of telecom giant Huawei’s chief financial officer in Vancouver, state media reported, in Beijing’s latest angry response to the hot-button case. Meng Wanzhou has been held since December 1 in Canada on an American extradition request and faces US fraud charges related […]
China’s trade surplus with the United States ballooned to a record $35.6 billion in November, official data showed Saturday, as exports across the Pacific remained strong despite a raft of US tariffs while imports shrank. Relations between the world’s top two economies continue to be tense despite a trade war truce struck between US President […]
Ride-share company Uber quietly filed paperwork this week for its initial public offering, the Wall Street Journal reported late Friday. The move comes one day after rival Lyft launched the process to take the company public with a stock offering. The Journal, citing unnamed sources familiar with the matter, said that Uber could go public […]
MBH Corporation PLC (M8H.DU) Focus on Small Business for Big Success MBH will use the Agglomeration model to turn small business acquisitions in to a large successful company. For MBH to achieve its economic objectives, it will identify and acquire good, well run, profitable and debt free small businesses. Unlike traditional models, MBH are neither […]
Taxation and High Minimum Wage Killing Australia Australia’s economic growth stalled in the third-quarter of the year with consumer spending running out of steam as house prices fell further, official data showed Wednesday. The G20 economy grew a meagre 0.3 percent between July and September, the slowest rate in two years and far below market […]
China announced Tuesday stiffer punishments for serious infringers of intellectual property — including barring them from buying real estate or going on expensive holidays — as Washington clamours for action on the issue following a trade war truce. The National Development and Reform Commission, China’s state planner, along with 37 government departments, released a joint […]
The French government on Tuesday backed down on planned fuel tax hikes in a bid to draw the heat out of fierce protests that have escalated into the deepest crisis of Emmanuel Macron’s presidency. The concessions, coming after an earlier 500-million-euro ($570 million) relief package for poorer households, mark the first time 40-year-old Macron has […]
The UK has the power to unilaterally stop the Brexit process, the EU’s top legal advisers have said, contradicting statements from London that Article 50 could only be stopped with agreement of all 27 EU member states. The Advocate General, in a report prepared for the European Court in Strasbourg, stated that the UK could […]
The wave of right-wing resurgence that has flooded Europe following the refugee crisis has reached Spain. An upstart anti-immigrant party has entered the parliament in Spain’s Andalusia and might yet become a kingmaker. Spain’s most populous region and one of its economic powerhouses, Andalusia held parliamentary elections this past weekend. Although the vote was technically […]
EU finance ministers struggled to agree reforms to better fight against a financial crisis early Tuesday, with negotiators still at the table after more than 12 hours of talks. “There are a lot of subjects and all of them are difficult,” a European source told AFP on condition of anonymity, adding that a final news […]
Australian Dollar: Interest Rates on Hold Australia’s central bank kept interest rates at a record-low on Tuesday as a drop in house prices accelerated as the country stagnates. Borrowing costs have stayed at 1.50 percent since they were last cut in August 2016, when the economy was transitioning away from an unprecedented mining investment boom. […]
Australia Puts an End to Privacy Australia’s two main parties struck a deal Tuesday to pass sweeping cyber laws requiring tech giants to help government agencies get around encrypted communications used by suspected criminals and terrorists. The laws are urgently needed to investigate serious crimes like terrorism and child sex offences, the conservative government said, […]
Swiss Government is Putting Special Focus on Blockchain First Infrachain conference focused on the public sector and infrastructure 250 participants attended Infrachain 18, the first blockchain conference focused on the public sector and infrastructure. Federal Councillor Ueli Maurer welcomed the conference attendees at Stade de Suisse in Bern, stating that: “Switzerland has a great hand […]
New Orders, Production, and Employment Growing Supplier Deliveries Slowing at Slower Rate; Backlog Growing Raw Materials Inventories Growing; Customers’ Inventories Too Low Prices Increasing at Slower Rate; Exports and Imports Growing Economic activity in the manufacturing sector expanded in November, and the overall economy grew for the 115th consecutive month, say the nation’s supply executives […]
A New French Revolution Against Socialism President Emmanuel Macron was elected on a promise to burnish France’s image on the global stage, but as shops and hotels counted the costs Monday of rioting over the weekend, many fear they won’t have much to cheer for Christmas. Violent anti-government protests on Saturday engulfed chic Paris shopping […]
Global equity markets soared Monday after China and the United States clinched a trade war truce, while oil prices surged on expectations of a big production cut. In midday deals, Frankfurt stocks were rebounding strongly, up 2.3 percent. London charged 2.0 percent higher and Paris gained 1.2 percent. European traders took their cue from Asia, […]