Europe

Goldman Sachs Removes Bonus Cap for UK Bankers

After the UK removed local pay restrictions for bankers last year, Goldman Sachs was the first to remove its bonus cap for its bankers.


US Accuses Russia of Quietly Shipping Refined Petroleum to North Korea at Levels Violating UN Cap

The US has revealed that Russia has been discreetly supplying refined petroleum to North Korea at levels that seem to exceed UN Security Council limits...

Uber Sued by London Black Cab Drivers for £250 Million Over Taxi Booking Rules

Uber is facing a multi-million-pound lawsuit filed by nearly 11,000 black cab drivers in London, England...

Joe Biden Administration Sanctions Hundreds of Companies to Choke Russia's Supplies of Military Technology

The administration of President Joe Biden has announced nearly 300 new sanctions targeting international suppliers of military equipment technology accused of helping Russia in its war against Ukraine..


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Foreign investors take US small biz route
The market volatility, rising dollar and sluggish global economy are forcing foreign investors towards the US small business credit market for growth opportunities. Foreign investors generally prefer
R-Squared investment firm ups position in Russian ruble
R-Square Macro Management is increasing its exposure to Russian currency Ruble. It's hoping on rebound in Ruble as it fell 37 percent from the recent high in 2015. Some asset managers scaled back thei
HSBC Board Opts For Headquarters In London
London is the core economic hub of Europe. Leaving out from the European Union will force the businesses to be pulled out from the UK, argue some analysts. However, HSBC Board’s decision to retain hea
After Google, IKEA Has Been Accused of Tax Dodging Up To €1 billion
Green Party has accused IKEA for dodging tax up to €1 billion ($1.13 billion/ £776 million). MEP has taken the allegation into cognizance and pledged for studying the report and related findings. Howe
Oil Price Soars While Stocks Follow The Trait Too
The average oil price has dipped well below $30 a barrel on Thursday, which has been reported to be sold at $31 on Friday. Sharp fall of oil prices on Thursday has been analyzed as the triggering fact
Pandora selling itself; stock soars over 10%
Pandora Media Inc has engaged Morgan Stanley to facilitate the selling itself including identifying potential buyers. Pandora has been spending heavily to attract more number of users amid increasing
London rental apartments see buying binge ahead of new tax
The London property market is witnessing soaring buying activity for rental apartments ahead of new tax on home coming into effect from April 2016. The latest rush for buying is also pushing prices up
Drop in Indian Rupee, stocks not exceptional
The weakening Rupee against the US dollar and downfall on financial markets are not exceptional. The Indian currency is doing well as it's strengthening against other global currencies. Indian markets
UK shares rebound, Barclays leads the pack
The UK stocks, after suffering losses for three sessions in a row, rebounded. Barclays and other financial companies led the gains. After suspension of trading for a day, the trading in Barclays stock
Asian markets to brew higher earnings for Carlsberg
Danish brewer Carlsberg A/S is hoping for higher earnings supported by Asian markets. Though eased marginally, the fourth quarter earnings were above analysts' forecasts. The world's fourth biggest b
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