London No Longer Europe’s Top Financial Center – City of London Report
London is no longer the world’s top financial center, in large part due to the nation’s exit from the European Union, according to a new report published by the City…
Massive Layoffs At Swiss Banks
Following its takeover of smaller rival Credit Suisse, UBS has announced it will be cutting its workforce by between 20% and 30%, releasing as many as 36,000 employees across the…
Huawei Sees A Bright Future For Chinese Chips Despite US Export Limits
CNBC reported that during a press conference on Friday, Eric Xu, the rotating chairman of Huawei said that it was his belief that the US government’s increasingly tight restrictions on…
Oil Surges After OPEC+ Production Cuts
Following the unexpected announcement by OPEC+ that it would be cutting oil production by 1.16 million barrels per day (bpd), oil surged by as much as 6% during in early…
Eurozone Core Inflation Surges To A Record
On Friday, the EU’s statistical agency, Eurostat, released preliminary figures which showed that in the Eurozone, core inflation accelerated in March from February’s 5.6%, to a new all-time high of…
Tesla Beats Estimates On Deliveries And Production
On Sunday, Tesla (TSLA) beat estimates on first quarter delivery and production numbers, giving investors hope recent price cuts it implemented across the globe have spurred a second wind of…
India And Bangladesh Move Toward De-Dollarizing Trade
According to a new report from United News of Bangladesh (UNB), India may soon expand its de-dollarization of its trade settlements, settling its trade with Bangladesh in rupees instead of…
McDonalds Tells Corporate Staff To Stay Home This Week, And Watch Out For Layoff Emails
On Sunday the Wall Street Journal reported that hamburger chain McDonalds Corp (MCD.N) will be closing its offices temporarily this week in preparation for informing employees about layoffs as part…
Mexico Flirts With Joining BRICS
Following rising tensions with the United States, Mexico is expressing an interest in joining the BRICS trade alliance, joining with such countries as Brazil, Russia, India, China and South Africa. In…
OPEC+ Announces Surprise Production Cuts
On Sunday, in a surprise move, Saudi Arabia and other OPEC+ oil producers announced they were implementing a further 1.16 million barrel per day (bpd) cut in oil production. Analysts…
