RBC looks to expand its services and products in the U.S. Royal Bank of Canada has plans of opening a “consumer bank” in the U.S. which is scheduled for “early next year” while it will be “targeting wealthy clients”. The aim of this venture is to expand deposits, informed the C.F.O to Reuters...

European Commission President Ursula von der Leyen said that work on the EU’s seven-year budget is expected to continue until the end of this year. "We must continue to work, and work continuously, because there is still a long way to go to reach an agreement," she said at a press conference on...

A step closer to the creation of the central bank digital currency (CBDC) of the world was taken after Sweden's Riksbank started test runs for an e-krona. This was announced by the central bank on Wednesday.   The Riksbank said that everyday banking activities such as payments, deposits and...

Orders for manufacturing equipment in Japan have been falling at the fastest pace since 2018. Japan's exports showed a decline for the 14th consecutive month. Exports in January fell by 2.6% year on year, according to data from the Ministry of Finance of Japan. Economists surveyed by Reuters on...

Japan’s economy could be headed for a recession as it reported a shrinking of the economy in the quarter ended December 31 at the fastest pace in almost six years and the impact of the deadly coronavirus outbreak in China still impending up on it in the current quarter.   The virus outbreak...

The largest electric vehicle market records a rise on “year on year” sale category. Data from the “Norwegian Road Federation” revealed that in January 2020, the electric cars sales in Norway accounted for the country’s “44.3%” new car sales. The said figure has risen on “year on year” category but...

Germans seem to be divided in opinion over Tesla’s proposal to build giga-factory for its EV manufacturing in Germany as protesters claim of draining depleting water reserve and affecting wildlife. Last month, nearly two hundred fifty Germans gathered in the outskirts of Berlin where Tesla, the...

The financial leaders of the G20 countries should strive to reach an agreement by this year globally on the method of taxing the giant digital companies such as Google, Amazon and Facebook, Europe has demanded, claimed reports quoting information derived from a document.   The current...

The WWF Global Futures report presented results of a study assessing the impact of degradation of basic ecosystem services on the GDP of the world and 140 countries. For the first time, the evaluations used the most advanced economic and environmental integrated models, GTAP (Purdue University’s...