Xi Jinping Reaffirms Commitment to Globalization in Recent Speech

Xi Jinping Reaffirms Commitment to Globalization in Recent Speech

Xi Jinping Reaffirms Commitment to Globalization in Recent Speech Chinese President Xi Jinping appeared in Davos, Switzerland this week to offer up an address before the World Economic Forum. During his speech, the Chinese leader, in stark contrast to US President-elect Donald Trump, presented a vision of an economically globalized world in which goods and […]

Twitter Stock Crashes After Alphabet and Others Decline to Bid

Twitter Stock Crashes After Alphabet and Others Decline to Bid

Twitter Stock Crashes After Alphabet and Others Decline to Bid Following an announcement made by Google parent company Alphabet that it would not make on offer to purchase Twitter, shares of the social media company have dropped precipitously. After the decision on the part of Alphabet not to bid on the company was announced, other […]

Deutsche Bank Implements Hiring Freeze Amid Financial Concerns

Deutsche Bank Implements Hiring Freeze Amid Financial Concerns

Deutsche Bank Implements Hiring Freeze Amid Financial Concerns German banking giant Deutsche Bank AG has instituted a company wide hiring freeze intended to reduce costs as the company endures a decrease in share prices and increased concerns over future performance. The hiring freeze was announced on Wednesday. Deutsche Bank AG has been facing consistent difficulties […]

UK Prepares for Brexit Adjustment Following GBP “Flash Crash”

UK Prepares for Brexit Adjustment Following GBP “Flash Crash”

UK Prepares for Brexit Adjustment Following GBP “Flash Crash” Less than one week after the surprising 6 percent drop in the value of the GBP termed by analysts as a “flash crash,” British markets, policymakers and economists are looking ahead to what the coming weeks and months will bring. Even as experts have weighed in […]

Tepid Jobs Report Reduces Likelihood of Fed Rate Hike

Tepid Jobs Report Reduces Likelihood of Fed Rate Hike

Tepid Jobs Report Reduces Likelihood of Fed Rate Hike Following a lackluster job creation report issued by the US Department of Labor on Friday, many analysts now believe that an interest rate hike on the part of the Federal Reserve has become less likely. The potential rate hike was believed to be a likely outcome […]

Bank of England Pushes Interest Rates Lower

Bank of England Pushes Interest Rates Lower

Bank of England Pushes Interest Rates Lower In an announcement made on Thursday, the Bank of England outlined a series of measures intended to buffer the country’s economy during the unstable period many analysts believe awaits it following the UK’s decision to secede from the European Union. These measures included a further decrease in the […]

Russia’s Economy Set For Gradual Improvement

Russia’s Economy Set For Gradual Improvement

Russia’s Economy Set For Gradual Improvement Following several months of economic instability, the Russian economy is staged for a period of adjustment and the return of economic growth. These were the findings of a recent report by the International Monetary Fund, which concluded that measures taken by the Russian government to soften the blow of […]

Federal Reserve Expected to Delay Rate Increase

Federal Reserve Expected to Delay Rate Increase

Amid negative economic data from May, speculation has begun to flourish that the United States Federal Reserve Board will hold off on an expected increase in interest rates. The rate hike was originally expected to be approved at the Fed’s scheduled meeting next week. The primary reason for the expected change in scheduling for the […]

Mitsubishi Admits Falsifying Fuel Mileage Tests

Mitsubishi Admits Falsifying Fuel Mileage Tests

Mitsubishi Admits Falsifying Fuel Mileage Tests Japanese auto manufacturer Mitsubishi Motors announced on Wednesday that it has falsified testing data for many of its vehicles’ fuel economy. According to the announcement, more than 600,000 vehicles were sold between 2013 and the present that have had faulty fuel mileage estimates attached to them. Though unexpected, the […]

Brazilian Economic Concerns Deepen

Brazilian Economic Concerns Deepen

Brazilian Economic Concerns Deepen The Brazilian economy, already badly damaged by the collapse of commodity prices and a series of economic downturns, suffered another hit this week as the country’s central bank released data indicating a 10th consecutive month of contraction in December of 2015. In total, the Brazilian economy shrank by more than 4 […]

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