Author Archives
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Tariffs Of Upto 212% Slapped On Australian Wine By China
China imposed import duties of up to 212 per cent on Australian wine starting Saturday. This measure was temporary in nature and was aimed at preventing of dumping of subsidised imports of Australian wine, said China’s commerce ministry. The announced… Read More ›
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Bank Of England Research Finds Low Risk Of Getting Covid-19 Posed By Handling Bank Notes
A research commissioned by the Bank of England aiming to find out how long the virus lasts on cash and bank notes has suggested that a low risk of spreading Covid-19 is posed by handling bank notes, said the Bank… Read More ›
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UK Car Industry Will Face Additional Cost $74 Billion By 2025 For A No-Deal Brexit
If there is no free trade deal between the United Kingdom and the European Union by the end of the year, the car industry of the UK could lose 55.4 billion pounds ($74 billion) in tariffs by 2025, the Britain’s… Read More ›
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Covid-19 Impact: Zambia Becomes First African Nation To Default On Bonds Debt Servicing
The first African country to default on its debt in the Covid-19 era was Zambia which opted to leave a $42.5 million eurobond repayment last week. A key rating for Zambia was downgraded from CC to Restricted Default by Fitch… Read More ›
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New Telecom Law Could Pose Fines Of 10% Of Revenues Of British Telcos For Using Huawei Equipment
A new law that was announced in the British parliament on Tuesday shows that large fines could be faced by British telecom companies if they are unable to tighten security in their networks. Enhancing the security in the 5G and… Read More ›
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Slow Q3 Contraction Raises Hope Of Rebound Of Singapore’s Economy
Despite a contraction of 5.8 per cent in the economy of Singapore in the third quarter compared to a year ago, the numbers were better than had been previously estimated, said the Ministry of Trade and Industry of the country… Read More ›
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Uncertain Future For European Fur Industry Due To Covid-19
The spotlight is once again on the fur industry in Europe following the killing of millions of mink in a mass culling in Denmark after there was an outbreak of coronavirus at farms in the country. All mink would be… Read More ›
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Europe Could Be Hit By A Third Wave Of The Pandemic, Warns WHO’s Covid Envoy
The beginning of a third wave of the pandemic in Europe in early 2021was predicted by a World Health Organization (WHO) special Covid-19 envoy. The next wave of the novel coronavirus pandemic will take place if various European governments repeat,… Read More ›
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New Rules For Banning Shipping In Arctic Come With Waivers Described As ‘A Missed Opportunity’
A series of restrictions have been imposed on ships which use and transport heavy grade oils by the International Maritime Organization with the aim that the restrictions will help to protect the lands, communities and wildlife present in the Arctic… Read More ›
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Record 400 Billion-Pound Borrowing To Plan Be Announced By UK Next Week
The largest public borrowing since World War Two is will be announce by the United Kingdom’s finance minister Rishi Sunak when he would be detailing the government’s spending plans next week. The UK economy has seen its biggest hit in… Read More ›
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