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Category: Business

Mark Carney says financial regulation at ‘fork in the road’

Outcome of Brexit negotiations could prove highly influential in determining which path global financial system takes Monitoring Desk Bank of England governor Mark...

German Mittelstand wants ‘soft Brexit’

Monitoring Desk SMEs could lose billions of euros if the UK is shut out of the single market Germany’s “Mittelstand” of small and medium-sized firms (SMEs) could...

Apple wins Australia ruling to retain Apple Pay dominance

News Desk Apple has won a major regulatory battle in Australia that will likely see it retain control of its contactless payment technology. Four banks had wanted to...

Economy Grew at 2.1% in 4Q

WASHINGTON The U.S. economy grew at a slightly faster rate in the fourth quarter than earlier estimates, as consumers ramped up spending that’s expected fuel growth...

Three words to set alarm bells off for every firm

Monitoring Desk The email from the boss looked kosher. He said a new supplier needed paying urgently – £50,000 to secure an important contract. He wanted it done...

Improve vehicle quality Govt rejects Pak Suzuki’s demand turns down Audi’s assembly-only plan

ISLAMABAD The Board of Investment (BOI) has refused to cave in to the pressure from existing auto manufacturers, declaring categorically that it will not make amendments...

Gold bar and cars seized as Dutch trigger multi-country tax raids

Monitoring Desk Dutch prosecutors say they have launched co-ordinated raids in several countries against suspected money-launderers and tax evaders. They are...

Taxing growth

“An overview of Pakistan’s telecom industry and why it needs tax reforms in order to grow” “With cellular subscribers at just over 137.1 million (over 71% of the...

EU to give UK banks new incentive to leave London, say officials

Monitoring Desk Banks in London that relocate operations to the euro zone after Brexit are likely to be spared a lengthy entry test by regulators, making it easier for...

Oil price bounces off November lows early Thursday

SINGAPORE: Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and...