In a significant development, the U.S. Customs and Border Protection officials have prepared orders to block the import of tomato and cotton products from China’s Xinjiang region over allegations of forced labor. A formal announcement by the U.S. Administration of… Read More ›
Month: September 2020
Beijing Says US Is ‘Bullying’ Chinese Tech Companies
Chinese tech companies are victims of “naked bullying” of the United States, said Beijing while criticizing the US actions against Chinese tech companies. These comments from China come at a time when a new set of global guidelines for… Read More ›
Seattle-based Starbucks Corp adds plant based food & beverages to Asian menus, includes products from Beyond Meat Inc, Impossible Foods, and Oatly
On Tuesday, in a statement Starbucks Corp said, it will add plant-based food and beverages to its menus across Asia starting from September 2020; this will include products from Beyond Meat Inc, Impossible Foods, and Oatly. The move is aimed… Read More ›
U.S. ban on sourcing of cotton and other textiles from Xinjiang will impact global major clothing brands
According to a report from the New York Times late on Monday, the United States is weighing a potential ban on some or all products made with cotton from China’s Xinjiang region which Beijing is housing minority Muslims in modern… Read More ›
Nestle increase recyclable packaging component in its packing to 87%
In a briefing to the media, Swiss giant Nestle said, it has made considerable progress to increase the share of recyclable packaging for its products to 87%, making its 100% goal by 2025 within reach. The development marks examples of… Read More ›
New Visa Restrictions To Target US Media Imposed By China
As tensions between the United States and China getting worse, new visa restrictions on foreign journalists working for US news organizations in China have been imposed by Beijing as both countries continue to target each other’s media outlets. Instead of… Read More ›
UK Threatens To Change Divorce Agreement Putting Brexit In Crisis Again
Following the United Kingdom threatening on Monday to undermine the exit agreement between Britain and the European Union unless the EU agreed to free trade terms by next month, the exit of the UK from the EU seem to have… Read More ›
Israel-UAE trade could reach $4 billion in 1 year: Israel’s Intelligence Minister Eli Cohen
On Monday, in a statement Israel’s Intelligence Minister Eli Cohen stated, the annual trade between Israel and the United Arab Emirates is likely to touch $4 billion. The development comes in the wake of an announcement by both countries that… Read More ›
European Stock exchanges jump eyeing COVID-19 vaccine developments
Following a rout in technology stocks on Wall Street that subdued global investor sentiments, on Monday, European shares rebounded with investors keeping a close eye on COVID-19 vaccine developments. Australia is likely to receive its first batches of a potential… Read More ›
Britain’s overriding Brexit strategy will be self goal: EU diplomats
On Monday, following Britain’s statement that it plans on overriding parts of the Brexit divorce agreement which it hammered out with the European Union after months of negotiations, a diplomat from the bloc said, it would amount to “a desperate… Read More ›