On Tuesday, in a statement, China’s commerce ministry stated, a “warning” given by the United States’ to U.S. companies which are working in the western Xinjiang region has resulted in destabilizing the global supply chain. Earlier this month, the U.S…. Read More ›
Creativity
Trump Administration lays groundwork for potential crackdown on U.S.-listed Chinese companies
In a significant development, the Trump Administration plans on scrapping a 2013 U.S.-China agreement on auditing, said a senior State Department official. The move could potentially foreshadow a broader crackdown on U.S.-listed Chinese firms which routinely side step U.S. accounting… Read More ›
Washington strengthens U.S. policy on South China Sea, rejects Chinese claims of maritime empire
In a significant development that sends a strong message to the Chinese leadership, Washington has rejected all claims made by Beijing in the South China Sea. So far, China has not offered any coherent legal basis for its ambitious claims… Read More ›
WeWork to have positive cash flow in 2021: Executive Chairman
In a report, the Financial Times cited WeWork’s Executive Chairman Marcelo Claure as saying, the office-sharing company was on course to report a positive cash flow in 2021 – a year earlier than the target it had set in February…. Read More ›
One third of U.S. companies in Hong Kong plan on moving assets or business in long term: Amcham
According to the results of a survey conducted by the American Chamber of Commerce (Amcham), most U.S. companies in Hong Kong have concerns regarding the draconian changes imposed by China on Hong Kong in the garb of a new national… Read More ›
UK plans on creating ‘freeports’, overhaul taxation, incentivize manufacturing & innovation post Brexit
In a report, the Sunday Telegraph said, Rishi Sunak, Britain’s finance minister is preparing to introduce sweeping tax cuts as well as overhaul planning laws in up to 10 new “freeports” within a span of 1 year following Britain’s leaving… Read More ›
European Council President Charles Michel proposes 5 billion euros Brexit adjustment fund
On Friday, European Council President Charles Michel said, the Brexit negotiations were certainly not easy and that countries, regions and industries will face disruptions from 2021 regardless of whether there is a deal or not. He also laid out a… Read More ›
U.S. approves $620M weapon systems upgrade for Taiwan
In a statement, the U.S. State Department said, a military package, related to the upgrading Patriot surface-to-air missiles, worth $620 million has been approved for Taiwan, in the latest move designed to bolster defenses against threats emanating from China. The… Read More ›
Aviation industry suffered $4.89 billion loss during Q2: China’s Civil Aviation Administration of China
On Friday, data released by China’s Civil Aviation Administration of China (CAAC) shows, the country’s aviation industry suffered a $4.89 billion (34.25 billion yuan) loss during the second quarter, which incidentally is only slightly smaller than the one it suffered… Read More ›
European Parliament appoints Francois-Louis Michaud as executive director of European Banking Authority
The European Parliament has approved the appointment of Francois-Louis Michaud as executive director of the bloc’s banking watchdog, overturning a recommendation to reject him. Last week, the parliament’s economic affairs committee had narrowly voted in favour of rejecting Michaud, with… Read More ›