According to data from the National Bureau of Statistics of HCina, the country has managed to stage a recovery from the economic impact of the novel coronavirus pandemic during the third quarter. A year on year GDP growth of 4.9… Read More ›
Month: October 2020
Major Economic Upset Can Result From ‘Thin’ EU Deal Being Sought By UK: Experts
According to the former boss of the Brexit department, Britain’s ability to trade will be faced with a “dead weight” because of the narrow EU deal sought by Boris Johnson. There are concerns that Britain is not at all prepared… Read More ›
Swiss EV startup Piëch Automotive AG hires former CEO of VW & Porsche
On Monday, in a statement, Swiss electric car startup Piëch Automotive AG stated, it has appointed the former CEO of Porsche and Volkswagen, Matthias Mueller, as its new chairman. Incidentally, Piëch Automotive is founded by Anton Piëch, who is the… Read More ›
New Export-Control Law Passed By China After Restrictive Steps By US
The Chinese government would now be able to act against those countries that abuse export controls to cause harm to the economic interests of China by passing a new law that will allow the government to restrict exports of controlled… Read More ›
ECB’s Panetta Says Euro Zone Recovery Delay Risk Due To Second Pandemic Wave
The recovery of the euro zone from the deep recession could be derailed in the event of a large second wave of the novel coronavirus pandemic which makes it more important to announce ultra-easy monetary policy, said Fabio Panetta, a… Read More ›
U.S. Treasury Secretary Steven Mnuchin to lead U.S. delegation to Israel, UAE and Bahrain
In a statement the U.S. Treasury Department said, Treasury Secretary Steven Mnuchin will lead a U.S. delegation to Israel, Bahrain and the United Arab Emirates on October 17 to 20. The visit comes in the wake of the UAE and… Read More ›
Citadel Securities sues SEC over IEX’s “D-Limit” order
In a significant development, Citadel Securities has sued the Securities and Exchange Commission (SEC) over its decision to approve a new mechanism for trading stocks at IEX Group Inc. “The SEC failed to properly consider the costs and burdens imposed… Read More ›
Consumers Purchasing Luxury Goods Again Raise Hopes Of Recovery
Indications that consumers are getting comfortable spending on luxury product again was available from the good earnings reported by LVMH, the fashion conglomerate that owns brands such as Louis Vuitton, Fendi and Dior. There was growth again in the last… Read More ›
US Is ‘Abusing Power’ By Arm Twisting TikTok, Alleges China
The administration of the United States President Donald Trump was abusing “national power” by trying to ban TikTok, China has accused, even as a stay on the execution of a ban on the short video sharing app was given by… Read More ›
EU Will Keep Persisting With Talks With Britain For A Brexit Deal
Agreement on an extension of negotiations with Britain was arrived at by the European Union leaders for a striking a trade deal after Brexit, talks for which are to be held within the next few weeks, with the main aim… Read More ›
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