Swiss Foreign Minister Ignazio Cassis is under fire over a 1.8 million Swiss francs (£1.46 million) sponsoring deal his department struck with tobacco giant Philip Morris International to help fund Switzerland’s Expo 2020 pavilion in Dubai. The World Health Organization (WHO) is scrutinising the pact, while the Swiss School of Public Health, a group of […] Read more
The British Chancellor of the Exchequer, Philip Hammond, announced on Sunday that he would resign if Conservative leader candidate Boris Johnson is elected as next British prime minister on Wednesday. “I intend to resign after prime minister’s questions on Wednesday”, Hammond told the BBC’s Andrew Marr Show. Hammond’s announcement came just before foreign office minister […] Read more
Once one of three factories producing uniforms for the Vietcong, economic pressures over the decades have seen the “X40” factory in Vietnam change the products it makes to mass-produced garments for the US Olympic team and Nike sportswear. A factory goes from Viet Cong to Team USA X40 was the code name for a factory […] Read more
With manufactured burgers and chicken already produced across the world, Aleph Farms is seeking to tap into consumers’ increasing awareness of health, environmental and ethical concerns related to eating meat. The steak was developed from a small number of cells extracted from a cow. The company has said that they do not slaughter the animal […] Read more
British companies are more worried about Brexit than at any time since the 2016 referendum decision to leave the European Union and they plan to reduce investment and hiring, a survey of chief financial officers showed on Monday. The survey conducted by Deloitte, a financial advisory firm, found that 83% of the CFOs believed that […] Read more
France’s central bank governor told CNBC Saturday that monetary policy cannot compensate for trade tensions, and political leaders need to act in order to fend off today’s economic threats. Speaking to CNBC’s Annette Weisbach at an economic conference in Aix-en-Provence in southern France, François Villeroy de Galhau underlined that the main threat to global growth […] Read more
Russian Energy Minister Alexander Novak said non-OPEC producers had agreed to a nine-month rollover of supply cuts, according to multiple media reports Tuesday, ratifying a policy designed to prop up oil prices amid a weakening global economy. It comes less than 24 hours after energy ministers from the world’s most powerful oil-producing nations thrashed out […] Read more
A deal is now subject to approval from non-OPEC allies at a meeting on Tuesday, with Iraq’s oil minister saying he did not anticipate any complications. Iranian Oil Minister Bijan Zanganeh told reporters he had “no problem” with supporting oil supply cuts by nine months. OPEC is set to debate an extension of oil production […] Read more
Robots could take over 20 million manufacturing jobs around the world by 2030, economists claimed Wednesday. According to a new study from Oxford Economics, within the next 11 years there could be 14 million robots put to work in China alone. Economists analyzed long-term trends around the uptake of automation in the workplace, noting that […] Read more
The trade war is “manageable”, Egyptian billionaire and CEO of OCI N.V, Nassef Sawiris, told CNBC on Monday. OCI N.V produces and exports natural gas-based fertilizers and industrial chemicals to customers across agriculture and industry sectors. President Donald Trump has now said he’s ready to hit the remaining $300 billion of Chinese imports with tariffs […] Read more
