Category: Business

Catalan Economy Slumps After Last Year’s Independence Bid

Catalan Economy Slumps After Last Year’s Independence Bid © AP Photo/ Santi PalaciosBusiness21:00 21.01.2018Get short URL 0 0 0 Two separate reports – from the Bank of Spain and Madrid-based lender BBVA – show a significant slowdown in the Catalan economy stemming from last year’s attempt to separate from Spain, as political turmoil hit investment, […]

Federal Reserve to Deregulate Banking Sector Via Tailored Approach

Federal Reserve to Deregulate Banking Sector Via Tailored Approach © Sputnik/ Mihail KutusovUS21:58 20.01.2018Get short URL 0 10 The Fed chief of supervision says existing banking sector regulations are too tough and standardized, and could be relaxed and customized in order to promote commercial bank lending, investment, and stock market trading. Kristian Rouz — The Federal […]

Telegram May Enter Cryptocurrency Fray to Challenge Visa, MasterCard

Telegram May Enter Cryptocurrency Fray to Challenge Visa, MasterCard © REUTERS/ Dado Ruvic/File PhotoBusiness13:01 20.01.2018Get short URL 0 0 0 The encrypted messaging app Telegram is poised to launch its own cryptocurrency, backed by a massive initial coin offering, which could reportedly raise $2 billion. The company, however, is not commenting on the reports. Here […]

Mercedes-Benz Company to Launch Car Manufacturing in Iran – Reports

Mercedes-Benz Company to Launch Car Manufacturing in Iran – Reports © AP Photo/ Thomas KienzleBusiness04:00 20.01.2018(updated 04:08 20.01.2018) Get short URL 0 0 0 The Iranian car manufacturing company Iran Khodro and the German Daimler concern signed an agreement on the start of production of Mercedes-Benz cars in Iran from the Islamic new year (late […]

Sweden Poised to Give Chinese ‘Monster Harbor’ a Cold Shoulder

Sweden Poised to Give Chinese ‘Monster Harbor’ a Cold ShoulderCC0Business13:35 19.01.2018Get short URL 0 0 0 Despite Volvo, the captain of Swedish industry, selling several of its branches to China, plans for a Chinese-owned “super harbor” have run into resistance in Sweden, with its opponents citing both environmental and security issues. A sizzling security policy […]