Following a dismal mid-year online shopping festival that has also cast doubt on the recovery hopes of the world’s second-largest economy, retailers in China face a difficult future. According to estimates, e-commerce sales experienced a dip for the first time… Read More ›
According to the CEO of the European Investment Bank (EIB), the bank plans to increase funding for European defence projects including drones, satellites, and cyber security. The bank wants to invest an additional 6 billion euros ($6.4 billion) in this area. The… Read More ›
Despite mounting concerns about U.S.-China relations and the overall economic environment, the majority of Chinese firms surveyed recently in the U.S. said they are still enthusiastic about the market’s long-term prospects. According to the China General Chamber of Commerce’s annual… Read More ›
Senior officials from both China and the EU said on Saturday that negotiations on the proposed tariffs on Chinese-made electric cars (EVs) entering the European market had begun. Robert Habeck, Germany’s minister of economics, claimed that EU commissioner Valdis Dombrovskis… Read More ›
US prosecutors have suggested that Boeing be charged criminally by the Department of Justice (DoJ). It comes after the Department of Justice said the manufacturer had broken a settlement over two deadly incidents involving its 737 Max aircraft, which claimed… Read More ›
After a slow period, JPMorgan Chase’s CEO of asset and wealth management, Mary Erdoes, stated that the bank is witnessing indications of an improved Chinese economy, which will support the bank’s operations in the nation. As China’s economy develops unevenly… Read More ›
Although Labour, a left-leaning party, has courted bankers in a bid to achieve power, several of its policies are still anticipated to negatively impact the industry’s earnings should it win next month’s election. Labour was once perceived as being antagonistic… Read More ›
The European Union’s banking watchdog said on Thursday that banks around the EU saw a spike in soured loans to small and medium-sized businesses in the first quarter of the year, despite their continued profitability. The European Banking Authority (EBA)… Read More ›
China’s trade ministry said on Thursday that the European Commission’s eight-month anti-subsidy inquiry has yielded unprecedented amounts of precise information about the supply chains of Chinese automakers, information that may potentially hinder fair competition. In an effort to counteract excessive… Read More ›
In the final print of the crucial economic indicator before the July national elections, the Office for National Statistics reported on Wednesday that U.K. inflation dropped to the Bank of England’s objective of 2.0% in May. The headline number decreased… Read More ›
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