“I’VE never known it to be an embarrassment for a business leader to be associated with an American president,” declares Max Bazerman of Harvard Business School. Donald Trump, in particular, has positioned himself as a businessman-president, whose corporate acumen would unleash a new era for American business. Investors seemed to believe him—his election prompted a […]
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Following moves by China and Japan to regulate digital currencies, Australia is attempting to crackdown on money laundering and terrorism financing with plans to regulate bitcoin exchanges. “The threat of serious financial crime is constantly evolving, as new technologies emerge and criminals seek to nefariously exploit them. These measures ensure there is nowhere for criminals […]
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Insolvent German airline Air Berlin aims to strike deals to sell assets to two or more buyers by the end of September, before a government loan keeping its planes in the air runs out, itschief executive said. The group is in talks with a total of three aviation firms, including Lufthansa, German newspaper Frankfurter Allgemeine […]
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IF AVIATION had an astrological sign, 2017 would surely be the Year of the Bump. Most infamously, it was the year that a United Airlines passenger who refused to leave an overbooked flight in April was dragged violently from the plane. There followed airline policy changes to reduce involuntary bumping, a novel system to make […]
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Google Lunar XPRIZE, the space exploration competition sponsored by Google, is offering additional prize money to finalists who can complete two in-space missions as it extends program’s deadline to 2018. Entrants whose space crafts can complete one orbit around the moon or enter a direct descent towards it, can secure $1.75 million, while those that […]
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The British government has defended its plans to establish a “frictionless” border between Northern Ireland and the Irish Republic post-Brexit, saying that the plans are both workable and mutually beneficial. In a white paper published Wednesday, the government said that there should be no border posts separating Britain from its only EU land neighbor and […]
Read moreFormer Russian Economy Minister Alexei Ulyukayev told his bribery trial on Wednesday that he had been framed by a close lieutenant of President Vladimir Putin into accepting a payment of $2 million. The accusation against Igor Sechin, head of Russia’s biggest oil company, thrust into the open simmering tensions between rival Kremlin clans – a […]
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While the global oversupply of oil continues to weigh on crude prices and suppressed stock prices for oil companies, the sector offers attractive value to investors, experts argue. “The sector has been underperforming, there’s great value, so you have to play the sector,” Beat Wittmann, partner at Swiss financial advisory Porta Advisors, told CNBC’s Squawk […]
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Britain’s unemployment labor market bucked tepid economic growth in the second quarter as the unemployment rate unexpectedly fell to its lowest since 1975, official data showed on Wednesday. The unemployment rate in the three months to the end of June fell to 4.4 percent, against the average forecast for it to hold at 4.5 percent […]
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European Central Bank President Mario Draghi will not deliver a new policy message at the U.S. Federal Reserve’s Jackson Hole conference, two sources familiar with the situation said, tempering expectations for the bank to start charting the course out of stimulus. An ECB spokesman said that Draghi will focus on the theme of the symposium, […]
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