In a statement European Commission’s head Ursula von der Leyen said, the European Union will widen sanctions against Belarus, and target both people and entities. Von der Leyen made the remarks after a meeting with U.S. President Joe Biden at… Read More ›
Economy & Finance
EU countries agree to robust response to Britain on post-Brexit trade dispute
In a statement EU diplomats stated, countries in the EU are on the same page on the need for “robust” action against Britain if London were to follow through on its threat to escalate a post-Brexit trade dispute. Over the… Read More ›
US and allies will take appropriate unspecified action if Beijing attacks Taiwan
In a statement U.S. Secretary of State Antony Blinken said made it lucidly clear that Washington and its allies would take appropriate, unspecified “action” if Beijing decides to invade and annex Taiwan. When asked by the New York Times, at… Read More ›
China state council met real estate developers, banks midst liquidity crisis in China’s property sector
As per a source with direct knowledge, a think-tank of China’s powerful state council met banks and real estate developers in Shenzhen city midst intensifying worries liquidity crisis facing China’s property sector. The meeting, held yesterday, included participants from China… Read More ›
US rolls out global infrastructure projects to counter China’s BRI and problematic lending practices
According to a senior US official, the United States plans on investing in five to 10 large infrastructure projects across the globe in January 2022 as part of a broader Group of Seven initiative to counter China’s Belt and Road… Read More ›
Discussions at COP26 focus on climate finance
On Monday, Governments are scheduled to push for an agreement to help vulnerable countries deal with global warming and compensate them for damages that have already occurred, in what is likely to be a test whether rich nations and developing… Read More ›
Fully vaccinated travelers can now travel to the United States
On Monday, in the first time in two years, the United States allowed non-US citizens to fly into the country as long as they were fully vaccinated. In 2020, the United States had imposed travel restrictions to stem the spread… Read More ›
Unexpected Drop In Euro Zone Retail Sales In October Due To Weak German Performance
Retail sale number in eurozone fell unexpectedly in September as the largest economy of the bloc – Germany, did not perform to expectations with sluggish non-food sales, according to Eurostat statistics released on Friday. Retail sales in the 19 eurozone… Read More ›
China Imports Its Three-Year Lowest Volume Of Crude Oil In October
Large state-owned refiners in China deferred purchases of crude oil due to rising prices and independent refiners remained constrained by import limits resulting in the country’s crude oil imports dropping down to their lowest level since September 2018. According to… Read More ›
Another Chinese Real Estate Giant Misses Key Bond Payment, Raising Further Concerns In The Property Market
Shares of another Chinese developer were suspended from trading after it failed to service a payment deadline, and this exasperated the already precarious real estate market of the second-largest economy of the world. The Hong Kong Stock Exchange suspended trading… Read More ›