Global Business Report: Iceland PM Resigns

The video discusses the resignation of Iceland's Prime Minister due to allegations of using offshore shell companies for wealth funneling. It also covers the impact on banks like HSBC and Nordea Bank. Credit Suisse's CEO defends the bank's practices, emphasizing tax compliance. The video highlights a decline in German factory orders, despite improved corporate confidence, and warns of potential economic slowdown. Lastly, it outlines Saudi Arabia's plans to expand its stock market, aiming to double its size and attract foreign investment.

What was the reason behind the resignation of Iceland's Prime Minister?

• Economic downturn

• Health issues

• Allegations of using offshore shell companies

• Political pressure from opposition

Which banks were mentioned as being affected by the offshore activities investigation?

• BNP Paribas and Santander

• JP Morgan and Goldman Sachs

• Deutsche Bank and Barclays

• HSBC and Nordea Bank

What economic indicator in Germany showed a decline, signaling a potential slowdown?

• Unemployment rate

• Factory orders

• Consumer spending

• Inflation rate

What is the main goal of Saudi Arabia's stock market expansion plan?

• To increase oil production

• To match the market capitalization with GDP

• To reduce foreign debt

• To diversify into technology sectors

How does Saudi Arabia plan to make its stock market more accessible?

• By reducing taxes on investments

• By allowing more foreign companies to list

• By adding more companies and easing foreign investment

• By increasing government subsidies