Month: April 2019

U.S. Tightens Sanctions On Iranian and Venezuelan Oil

Tighter U.S. sanctions planned for May on Iranian oil have led to an increase in prices for scarcer barrels, curbing of the global supply of crude oil. The new curbs on Iranian oil came after Washington banned Venezuelan crude oil, followed by output snags in Angola, which is another huge …

OLED Costs and Weak Smartphone Sales Force LG to Call for Patience

South Korean electronics giant LG has been in a few doldrums for the past few quarters and the crisis intensified after the company posted losses that were even bigger than analysts’ estimates. In such a situation, it is usually sensible for the company to issue a statement that is supposed …

Sanction Waivers to Iran to End: U.S.

The United States Of America is likely to announce on Monday that all the import waivers to Iran will end shortly. A source familiar with the situation said that administration would also end all the sanction waivers it had given last year to some countries that import oil from Iran. …

Jack Ma Defends the Overtime Culture at Chinese Tech Firms

The work culture in most of the Chinese tech firms is a wonder for the rest of the world as employees work tirelessly at their desks through the working week and more. The usual work schedule in Chinese tech firms is known as the ‘996’ schedule, and it implies that …

Ford to End Independent Operation in India With a JV

Ford’s foray into India soon after the country opened up its economy to foreign investment was a momentous event, and over the past decades, the American car manufacturing giant had made a name for itself in one of the biggest economies in the world. In addition to that, it was …

ECB Doing its Best to Stop Euro Area from Drowning

The European Central Bank is doing its best to stop the monetary union from going down as there is a risk of another financial crisis around the corner along with civil unrest. The ECB continues to carry all the burden of the Euro area’s economic stabilization due to its monetary …

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