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Cashless society: making cash disappear will hurt social inclusion

The battle is discreet but very real: some would like to see cash disappear. Many arguments are put forward on both sides, but the question of the effects of a cashless society on the most vulnerable should be given more consideration. Can cashless society help social inclusion? The intentions may...

Attack On Saudi Oil Facility Leaves US With Global Spare Oil Capacity

While the attack at one of the largest oil facilities in Saudi Arabia is believed to have reduced the capacity of the kingdom to produce oil by half, it has also left the United States to be the only country in the world that has the ability to address the issue of shortage of supply of oil to the...

European Car Makers Under Pressure Deadline For Tighter Emission Norms Draws Near

For car makers of Europe, time to meet the ambitious EU emissions targets is running out fast because they have waited till the last minute. The outcome of now meeting the emission targets for Europe would mean facing billions in fines for breaching of environmental norms.   Car makers such...

Trade War Hit Chinese OEMs Looking At The Domestic Market For Business

The trade war between the United States and China has hit numerous original equipment manufacturers (OEMs) of China. This has also turned out to be a turning point for such Chinese companies which had so far thrived by supply products to Western companies and the business model involved the Western...

Profits Of Chinese Companies And Portfolio Inflows Drops Due To Trade War.

The prolonged trade war between China and the United States is having an impact with a substantial drop in industrial profits as well as a slowdown in the inflows of foreign investment in the Chinese stock markets, even though some of the business sectors in the country have reported good earnings...

Despite Tariffs, US Trade Deficit With China Increases In July

Despite the trade tariffs imposed on Chinese imports into the country by United States president Donald Trump, the trade deficit of the country with   China touched a six-month high for the month of July even though the US economy as a whole saw a slight contracting in its trade deficit....

UK Farmers Want Tariffs On Agricultural Imports In Case Of A No-Deal Brexit

British farmers what the government to impose import tariffs on eggs, some dairy products, horticultural products and grains in case of the United Kingdom having to leave the European Union without a trade agreement. This demand was made to the British Prime Minister Boris Johnson by the Britain’s...

Ford Had Disrupted The Auto Industry Long Before Tesla, Its CEO Says

Many view the outspoken CEO of United States based electric car maker to be a great disruptor of the auto industry as it goes through a massive change.   However, during a television interview, Ford CEO Jim Hackett emphasized that biggest industrial disruption of the entire 20th century was...

Slump In Global Crude Sends Norway’s Krone Down To Touch Lowest Since 2008

The trade tensions across the globe have driven down the price of oil throughout the world which has hit Norway’s krone which touched its lowest level since the 2008 financial crisis. This significant drop in the value of the krone now threatens large sections of the Norwegian economy.   The...

Chaos In Financial Market Could Result Due To US Labeling China A Currency Manipulator

The decision of the United States to label China as a currency manipulator would "severely damage international financial order and cause chaos in financial markets", said China's central bank said on Tuesday.   The People's Bank of China (PBOC) said that the decision of Washington to rake...

Trumps’ China Tariff To Hit US Footwear Industry As 70% Of Shoes Comes From China

The escalating trade war between the United States and China has hit the American footwear industry very hard.   A host of consumer goods such as apparel, home textiles like bedding and shoes would be impacted by the most recently announced tariffs by US president Donald Trump of 10 per cent...

South Korea To Be Struck Off Japan’s Trusted Export List As Trade Spat Widens

Japan has decided to carry on with its announcement of removing South Korea from its list of trusted trade partners which threatened to escalate the trade related spat between the two countries that has been brewing since the last few weeks.   This decision of Japan to strike South Korea o...
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