Following China breaking its bilateral treaty with Britain with the imposition of its draconian measures garbed through its new security laws on Hong Kong, Britain stated it is considering the imposition of sanctions against it as part of its response… Read More ›
Economy & Finance
New Proposal Suggests Imposing A Work From Home Tax For Employees After Pandemic
A new report has suggested that special taxes should be imposed on those employees who continue working from home after the pandemic is over and the amount should be used to help out the lower-paid workers. A proposal of imposing… Read More ›
China Proposes New Draft Digital Rules Targeted At Chinese Internet Giants
A set of new rules aimed at clamping down on the market power of the country’s biggest internet companies has been proposed by China. According to analysts, the proposed regulations indicate the growing unease of the Chinese regulators with the… Read More ›
Australia lends $1 billion to Indonesia to help fight COVID-19 pandemic
In a statement on Thursday, Indonesia’s finance minister Sri Mulyani Indrawat said, Jakarta has signed a $1.09 billion (A$1.5 billion) loan agreement with the Australian government. The money will be used to help fight the coronavirus-induced COVID-19 pandemic which emerged… Read More ›
Singapore-Hong Kong travel bubble signals return to near-normal for travel industry
In a development that marks the re-establishment of overseas travel links between countries, Hong Kong and Singapore have announced that they will lift quarantine requirements for visiting foreigners. In a statement Singapore’s Transport Minister and Hong Kong’s Commerce Secretary said,… Read More ›
Pfizer’s positive news on COVID-19 vaccine triggered $2 trillion trades on bourses
According to early data analysis of stock trading, news of a breakthrough in the race to find a vaccine for COVID-19 triggered one of the heaviest trading days since the height of the pandemic crisis with trade worth around $2… Read More ›
Federal prosecutors to probe ‘substantial allegations of voting and vote tabulation irregularities’: U.S. Attorney General William Barr
In a significant development, U.S. Attorney General William Barr authorized federal prosecutors to pursue investigations into “substantial allegations of voting and vote tabulation irregularities,” while urging prosecutors not to chase “fanciful or far-fetched” claims. Barr’s letter to prosecutors marks the… Read More ›
European COVID-19 lockdowns denting demand for oil: IEA
According to an official from the International Energy Agency (IEA), if Europe sees renewed lockdown measures to contain rising cases of the coronavirus-induced COVID-19 pandemic it could push back the outlook for the global demand for oil towards a downward… Read More ›
A Biden Presidency will impact Brexit negotiations: Irish Foreign Minister Simon Coveney
On Monday, Ireland’s Foreign Minister Simon Coveney stated, if Joe Biden was declared as a victor in the U.S. elections it will have a material impact on Brexit negotiations given Biden’s recent intervention in support of Ireland’s position. “I think… Read More ›
Clarity on U.S. Policy will emerge in spring: German, Economy Minister Peter Altmaier
On Monday, Germany’s Economy Minister Peter Altmaier told German broadcaster Deutschlandfunk, in his assessment uncertainty in the United States is likely to continue for months and clarity would emerge only in spring regarding the direction U.S. policy would take. His… Read More ›