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Sunday, 15 September 14:01 (GMT -05:00)



Business And Politics News

Soros Predicts EU Disintegration After Brexit


According to George Soros, the world-famous billionaire and investor, the Brexit, which stands form the Great Britain’s exit from the European Union is nothing but the worst nightmare coming true. He says that after the United Kingdom finally leaves the European Union, the disintegration of the E.U. is going to be just a matter of time.
 

 

 

 

He says that the United Kingdom is going to be the first to feel the consequences of this unexpected decision. Still, the continental part of Western Europe is going to feel even more considerable consequences over time. At the same time, Great Britain has al chances to become more prosperous and rich relative to other European nations after the Brexit.
 
Mr. Soros assumes that British citizens won’t avoid considerable financial losses resulting from the Brexit. However, this is a point of concern in mid-term perspective and there is no short-term effect expected.
 
For those of you who don’t know, George Soros is known for his savvy investment decisions. For example, in 1992, Mr. Soros managed to make a fortune of $1.5 billion on the collapse of the British Pound. At the same time, his investment activities made the Bank of England lose as much as 3,5 billion pounds.
 

 

Some experts say hat this was the key reason why the U.K.’s financial authorities delayed their decision to adopt to the common European currency after joining the Eurozone. They also say that later on, they decided to abandon the idea of entering the Eurozone because of Soros. The famous investor is said to have managed to make almost $2 billion during the 2008 global financial crisis.

 

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Fed Cuts Key Interest Rate For The First Time In 10 Years

The U.S. Federal Reserve is reported to have cut the key interest rate, which is something really outstanding since the Fed has done it for the first time since 2009.

Publication date: 11 August 03:05 AM

New Prime Minister Names Brexit Date

It seem that the new Prime Minister of the United Kingdom is really determined about everything related to the Brexit. The process is expected to start in later 2019. Boris Johnson's standpoint on the matter didn't come as a surprise to the international expert community, Market Leader reports. The thing is, he has been well-known for being an advocate ad big supporter of quitting the European Union in general, and doing so without a major agreement in particular, which is also known as the hard Brexit scenario. 

Publication date: 07 August 06:54 AM

Johnson Launches Hard Brexit Ad Campaign

Boris Johnson, who has recently been appointed new UK Prime Minister, is on his way to launch an ad campaign to promote the idea of quitting the EU the hard way, which is also known as the hard Brexit. For those of you who don't know, the hard Brexit scenario implies quitting the European Union without signing a major agreement.

Publication date: 31 July 11:43 AM

U.S-China Trade War Is Sponsored By Consumers

According to the IMF, consumers and producers are the biggest losers in the trade war between the United States and China. Despite growing duties, American companies are not in a hurry to move their production back to the USA.

Publication date: 12 July 01:19 AM

US-China Trade Conflict May Trigger Another Global Financial Crisis

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Publication date: 18 June 10:18 AM

WTO Lowers Global Trade Growth Forecast

 WTO experts are reported to have revised their forecast for the pace of global trade growth. The renewed forecast names figures below the previous ones - 2,6% against 3,7%. It's also interesting to note that the previous forecast for 2018 failed to match the actual figures.

 
Publication date: 19 May 02:58 AM

How to Protect Investment Capital in 2019?

Existing political and economic risks are pushing international investors into thinking about the security of their investment capital. Chasing big profits becomes secondary to this kind of security.

Publication date: 31 March 11:26 AM

EU Comes Up With Workaround to US Sanctions

The representatives of Germany, France, and the UK have registered a company to let it trade with Iran despite the US sanctions. The company still needs to be approved by 28 EU members.

Publication date: 31 March 02:33 AM

Beijing and Washington are getting ready for the final talks

Publication date: 17 February 08:58 AM

US-China Trade War Reaches Next Level

Washington and Beijing have announced a new round of talks. International experts say that the trade war is indeed going to a whole new level.
Publication date: 08 January 10:17 AM