Talks between the United Kingdom and the European Union over a free trade agreement were stalled on Thursday. While the EU said that an agreement was unlikely within the stipulated time frame. The UK expressed hope of an agreement by… Read More ›
Economy & Finance
U.S. orders closures of Chinese consulate in Houston
In a significant development on Wednesday, the United States has ordered China to close down its consulate in Houston. Although the United States has several consulates in China, according to a source Beijing is considering shutting down the U.S. consulate… Read More ›
Bombardier’s cash utilization decreases cash burn, secures up to $1 billion credit line
On Wednesday, in a statement Bombardier Inc said, it had managed to secure a loan of up to $1 billion; the utilization of its cash during its second quarter has also improved by around $500 million better than was previously… Read More ›
UK will have news laws to deal with foreign interference
British Prime Minister Boris Johnson plans on giving security services more powers to stop foreign interference in Britain, states a report from The Times newspaper. Johnson’s government is preparing to place a new counter-espionage legislation, which is likely to include… Read More ›
Britain likely to opt for no-deal Brexit: The Telegraph
According to a report from The Telegraph, Britain and the European Union are unlikely to sign a post-Brexit trade deal, with only a few days left before British Prime Minister Boris Johnson’s July deadline. The assumption of the UK’s government… Read More ›
Japan’s June Exports Drop Again, For The 4th Month In A Row
The novel coronavirus pandemic has severely hit global demand resulting in the exports of Japan dropping by double digits in the month of June, marking the fourth straight month of exports decline. This has again reinforced the anticipation that the… Read More ›
Concurrent IPO Plans By Chinese Fintech Giant Ant In Shanghai And Hong Kong
The Chinese fintech firm Ant Group has initiated the process of going public through two simultaneous initial public offerings – one in Shanghai and the other in Hong Kong. Shares of the company on both the Shanghai stock exchange’s STAR… Read More ›
TikTok Says It Is ‘Not Under Chinese Government’s Thumb’
Accusations brought against it that it is completely controlled by the Chinese government have been denied by the video sharing app TikTok. The company would refuse any request from China to hand over data, said Theo Bertram, TikTok’s head of… Read More ›
Britain to suspend extradition treaty with Hong Kong
On Monday, in a significant development, reports from the Daily Telegraph and the Times stated, Britain will be suspend its extradition treaty with Hong Kong today following forceful introduction of China’s national security law in the former British colony. Accusing… Read More ›
Resolute Response To UK If Its Officials Are Sanctioned, Says China
There will be resolute response from China against the United Kingdom if there is any attempt by London to impose any sanctions against Chinese officials related to the imposition of the controversial new national security law in Hong Kong. This… Read More ›
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