Amid pressure from the United States to exclude the Chinese telecom equipment maker Huawei from supplying key telecoms equipment, wireless service providers Orange and Proximus have chosen to partner with Nokia for the construction of state of the art next… Read More ›
Economy & Finance
Airbus Increased Jet Deliveries In September, Targets 500 Deliveries For 2020
In September, the milestone for delivering the highest number in any month so far this year was achieved by the European plane making giant Airbus. But the company could not manage any new sales because of the conditions of the… Read More ›
IMF Urges World For Greater Synchronized Measures To Tackle Covid-19 Economic Hit
More needs to be done by the international community in order to address the economic impact of the novel coronavirus pandemic which started n China at the end of last year and then spread to the rest of the world…. Read More ›
Airbus signs key restructuring deal with trade unions
In a significant development, major French unions have signed a keenly awaited labor deal with Airbus which covers job reductions and furloughs for production workers who have been affected by coronavirus-blighted demand for passenger jets. The development comes in the… Read More ›
U.S.-China trade surplus narrows to $40.75 billion, Beijing far from meeting purchase commitments under Phase 1 deal
According to Chinese customs data released on Tuesday, Beijing’s trade surplus with the United States has narrowed to $30.75 billion in September, down from $34.24 billion a month earlier. For the first nine months of the year, China’s trade surplus… Read More ›
Meaningful transatlantic relationship EU’s top priority: EU’s new trade chief
According to a report from the Financial Times, the EU’s new trade chief has told the United States to remove the imposition of tariffs on more than $7 billion EU products or face additional duties on exports to Europe, in… Read More ›
Collapse of global tax treaties could impose $100 billion in costs: Organisation for Economic Co-operation and Development
On Monday, the Organisation for Economic Co-operation and Development said, the global economy could see a drop of more than 1% in output if international talks to rewrite cross-border tax treaties break down and trigger a trade war. On Friday,… Read More ›
China’s financial network and tech supply chain vulnerable to U.S. pressure: PBOC Vice Governor
On Monday, in a report, a magazine by the China’s central bank, Fan Yifei, a vice governor of the People’s Bank of China (PBOC) said, China’s financial network as well as its technology supply chain faces a huge risk from… Read More ›
Nobel Peace Prize For 2020 Awarded To World Food Programme
This year’s Nobel Peace Prize has been awarded to the World Food Programme “for its efforts to combat hunger, for its contribution to bettering conditions for peace in conflict-affected areas and for acting as a driving force in efforts to… Read More ›
HSBC targets net zero carbon emissions by 2050, flags $1 trillion towards green financing
In a significant development, Europe’s biggest lender HSBC said, it aims to target net zero carbon emissions across its entire customer base by 2050 at the latest; it will provide financing in the range of $750 billion to $1 trillion… Read More ›