BUSINESS

 

Piraeus Deal Paves way for Chinese Investment in Greece



BUSINESS, EAST MEETS WEST July 05, 2016


Greek Prime Minister Alexis Tsipras has heralded a deal to sell a large stake in the country's largest port to a Chinese firm.  The deal will see the sale of a 67 percent of Pireaus port to Cosco, with Tsipras suggesting tha...

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China cashes in on Plummeting Pound



BUSINESS, CHINA July 01, 2016


Online shoppers in China are cashing in on the plummeting pound by buying luxury goods from UK websites.  Since Brexit, sterling has experienced a dramatic drop which has not been seen for over thirty years. Meaning great&nb...

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Yuan weakens with China's backing



BUSINESS, CHINA June 30, 2016


China has confirmed they are willing to let the yuan fall to support the economy. The central bank is willing for it's worth to weaken to 6.8 per dollar, matching last year's record decline of 4.5 percent, according to a policy s...

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UK HSBC moving business abroad?



BUSINESS, EAST MEETS WEST June 29, 2016


Further pressure is being added to Britain's membership in the single market, as HSBC warns they would move employees to France if no deal is met. The BBC understands that those already processing payments in Euros at the Canary ...

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Huawei Invests £1.3 Billion Despite Brexit



BUSINESS, CHINA , UK June 29, 2016


Chinese tech giant, Huawei plans to invest in the UK despite the reason decision to leave the European Union.  The UEFA Euro sponsor is pledging a £1.3 billion investment, which hopes to create 500 jobs in the country,...

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