In a significant development, British trade minister Liz Truss said, Britain and the United States are intensifying trade negotiation. The announcement comes ahead of the start of the fifth round of negotiations focused on goods tariffs. Britain has placed a… Read More ›
Economy & Finance
Washington starts anti-dumping probe on aluminium foil from Armenia, Oman, Brazil, Turkey and Russia
In a statement, the U.S. Department of Commerce stated, it will commence investigation into the import of aluminum foil from countries incluing Armenia, Oman, Brazil, Turkey and Russia, for potential dumping or unfair subsidies. It went on to add, the… Read More ›
U.S. automakers preparing for potential Biden win
Automakers are gearing up for tough new vehicle emissions rules and policies favoring electric vehicles if Democratic presidential candidate Joe Biden wins the White House. Both, U.S. President Donald Trump and Biden need the votes of auto workers in Midwestern… Read More ›
First ever visit by UAE delegation led by economy minister to normalise relations with Israell
On Tuesday, following a U.S. brokered agreement, the first ever official delegation from the United Arab Emirates left for Israel with the two countries looking to broaden ties and normalise relations. According to Israeli officials, the visit will be largely… Read More ›
ConocoPhillips To Acquire US’s Shale Producer Concho Resources For $9.7 Billion
Even as the global price for fuel continues to be very low, the process of consolidation in the energy sector continued with ConocoPhillips agreeing on Monday to acquire the United States based shale oil producer Concho Resources in a deal… Read More ›
UK Firms Told To Prepare For No-Deal Brexit As ‘Time Is Running Out’
Business in the United Kingdom are being asked to put in pace preparations for a no deal Brexit after the transition period ends at the end of the current year as a campaign to this effect says that “time is… Read More ›
Chinese Economy Grew At 4.9i% In The Third Quarter
According to data from the National Bureau of Statistics of HCina, the country has managed to stage a recovery from the economic impact of the novel coronavirus pandemic during the third quarter. A year on year GDP growth of 4.9… Read More ›
Major Economic Upset Can Result From ‘Thin’ EU Deal Being Sought By UK: Experts
According to the former boss of the Brexit department, Britain’s ability to trade will be faced with a “dead weight” because of the narrow EU deal sought by Boris Johnson. There are concerns that Britain is not at all prepared… Read More ›
New Export-Control Law Passed By China After Restrictive Steps By US
The Chinese government would now be able to act against those countries that abuse export controls to cause harm to the economic interests of China by passing a new law that will allow the government to restrict exports of controlled… Read More ›
ECB’s Panetta Says Euro Zone Recovery Delay Risk Due To Second Pandemic Wave
The recovery of the euro zone from the deep recession could be derailed in the event of a large second wave of the novel coronavirus pandemic which makes it more important to announce ultra-easy monetary policy, said Fabio Panetta, a… Read More ›