Leaving the EU would be the least pragmatic decision by May : Virendra Sharma, MP
By Sheela Mamidenna The UK – on June 24th, 2016 – decided to test the depth of the water with both legs though a referendum. And the Brexit as expected is blowing things out of proportion. Ever since the Brexit, EU members have been huddling to strengthen the trade bloc And while Brexit talks are underway in Brussels, the latest test is on London’s might as the financial global empire! And this – the recent governmental news that leaked – has put Londoners on the edge. It revealed that London as a ‘financial powerhouse’ may not rest on its laurels for long as the freshly elected Emmanuel Macron-led France sought to usurp that position. Well, Global Financial Centres Index, a report ...
China blames weak demand for global steel crisis
Source: PTI Blamed for dumping its excess steel overseas, China refuted the criticism for triggering an international steel crisis and tried to lay the responsibility instead on a weak global demand and the economic slowdown. "The bulk of our steel products are consumed domestically. China does not subsidise its products to promote exports," Ministry of Commerce (MoC) spokesperson Shen Danyang said. "The government has taken action to address steel overcapacity. Notable progress has been made," Shen told reporters here adding that China will continue to expand domestic consumption of steel products. China, the world's top steel producer, has increased steel exports in recent years. Its steel exports jumped 30 per cent to 9.98 million tonnes in March from a year ago - despite ...
Modi to go ahead with Brussels visit despite terror attacks
The Dollar Business Bureau Prime Minister Narendra Modi’s public event with the Indian diaspora on March 30th is scheduled to go ahead as per plan as Brussels provides three-tier security to him. The Prime minister is to address a group of 10,000 Indian diasporas after the Indo- EU summit and a formal meeting with Belgium. This event is being organised to be a public event, on the lines of the events that happened in Canada, UK, USA, Dubai, Russia, China and Australia. Officials handling Modi’s Belgium visit have specified that they are in constant touch with the Belgian Foreign Ministry, the Belgian government and the Indian Embassy in Brussels to assess the threat to Modi’s security. As the attack happened in ...
