Fears that the slow economy recovery of the Western economies will keep interest rates near record lows for quite some time is being cashed in by China. In a bond sale that attracted significant investor interest, for the first time… Read More ›
Economy & Finance
EU secures hundreds of millions of Pfizer-BioNTech and CureVac COVID19 vaccine doses
According to an EU official involved in the negotiations to secure COVID-19 vaccines for the bloc, the European Union could potentially pay more than $10 billion to secure hundreds of millions of doses of vaccine candidates developed by Pfizer-BioNTech and… Read More ›
Rishi Sunak to unveil record spending for fighting pandemic induced economic blues
In a development that highlights the challenges facing Britain, the country’s finance minister Rishi Sunak has borrowed a record $285 billion (215 billion pounds) in the first seven months of this financial year as he prepares his war chest to… Read More ›
European banking industry must increase efficiency: HSBC chairman
Mark Tucker, the chairman of HSBC has called on European banks to become more efficient while raising the possibility of branch closures and potential mergers in the banking industry. Tucker made these comments while speaking at a banking conference wherein he… Read More ›
China Will Open Up More Of Its Large Economy, Says President Xi At Apec
Its “super-sized” will be opened up to a greater extent economy to import more high-quality goods and services, said Chinese president Xi Jinping. He also said that free trade deal wil be signed by China with more countries. Xi made… Read More ›
Britain must successfully trade deal with Canada by December 31, 2020: Liz Truss
On Thursday. British trade minister Liz Truss said, Britain is determined to enter into a trade agreement with Canada before the end of this year thus underscoring the notion that both countries could enter into subsequent agreements after securing this… Read More ›
China wants a boost in global trade & service ties : Xi Jinping
On Thursday, in a significant development, Chinese President Xi Jinping stated, Beijing will reduce its tariffs and expand imports of high-quality goods and services; he also vowed to push reforms and promote an innovation-driven growth model. The development comes in… Read More ›
Hungary to purchase NASAMS air defense systems from Raytheon and Kongsberg
On Thursday, in a statement the Hungarian government stated, it plans on purchasing NASAMS air defense systems from Norway’s Kongsberg and from Raytheon, a U.S. company. The delivery for the same is scheduled for 2023.
Sale Of New Diesel And Gasoline Cars To Be Stopped By UK In 2030
Cars running on only on fossil fuels will be banned by the United Kingdom in 2030 in a move that is aimed at phasing out polluting vehicles before any other major economy in the world while also supporting the recovery… Read More ›
Largest Ever Fall Predicted In Sale Of Global Luxury Goods For 2020, According To Bain Forecast
According to consultancy firm Bain, a fall of 23 per cent is set to be recorded in the sales of luxury goods worldwide to 217 billion euros ($258 billion) in the current year which be the largest such fall in… Read More ›
