Author Archives
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New Rules For Chinese Firms Passed By The US House Of Representatives
A law that will allow throwing out of Chinese companies off US stock exchanges if they do not conform to the country’s auditing rules was passed by the United States House of Representatives. Under the new law, companies will also… Read More ›
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Installing New Huawei 5G Network Equipment In UK To Stop From September 2021
The United Kingdom government has ordered that telecoms providers in the country have to stop installing equipment from the Chinese telecom equipment maker Huawei in the country’s 5G networks starting September next year. Prior to the introduction of the telecommunications… Read More ›
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EU And Britain Warn Each Other About Very Limited Time For Brexit Trade Deal
Time available for them to come to an agreement on a Brexit dela was quickly running out, both the United Kingdom and the European Union warned each other on Monday. The issues of state aid, enforcement and fishing still remain… Read More ›
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At Just Under $20,000, All-Time High Reached By Bitcoin
The rally in the crypto currency bitcoin has been very good so far this year and topped it up as the virtual currency hit another milestone as it rose by 8 per cent to reach an all-time high value of… Read More ›
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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 ›