The European Union has not yet found a country that would agree to become the jurisdiction of a special purpose vehicle (SPV), through which settlements with Iran will be made after the introduction of US sanctions against the country's energy sector in November, writes the Financial Times. Such an...

Citing the weighing down of growth and debt prospects of Italy by the country’s government’s policy plans, the outlook of the country’s economy was changed to negative from stable by Standard & Poor's even though it left the nation’s sovereign debt rating unchanged.   The ratings for the...

The already existing fears among investors fears about trade war and economic growth was compounded by concerns over corporate profits to drive global stocks lower on Friday and set them up for a worst performance in five years.   Following the missing of market expectation by Alphabet and...

As the first major UK bank to officially announce a Brexit provision, RBS announced that it is setting aside a sum of £100m to counter any eventuality in the face of a ‘more uncertain economic outlook’ as the UK leaves the European Union in about 5 months from now.   UK banks should increase...

Developing countries annually lose $ 115 billion due to poor food quality - this includes productivity losses due to diseases and deaths, the cost of treating eating disorders and losses from international trade, the World Bank (WB) report says. Its experts indicate that instead of focused policies...

The flagging power business of General Electric got a boost after the company etched a preliminary agreement to rebuild the dilapidated electric power grid of Iraq.   But the stage for the final contract bidding has been set as GE rival, Germany's Siemens, has also entered into a nonbinding...

Asian stocks fell on Thursday after falling at Wall Street. Asian stocks have already lost more than $ 4.9 trillion of their value this year, Bloomberg writes. The MSCI Asia Pacific Index fell by 2% to 4:30 pm in Hong Kong, increasing the decline from the January peak to 22%. The Japanese Topix...

If Brussels and London do not reach a satisfactory Brexit agreement, the delivery of goods to the UK along the main route will be difficult. Absence of a deal between London and Brussels on Brexit could lead to a significant difficulty in transporting goods between Dover and Calais, reports the...

According to a report by the Italian news agency AGI, citing EU sources, Italy has been asked to submit a new budget by the European Commission after the administrative arm of the block rejected the so called populist budget of the debt ridden country.   The Commission later held a news...