On Tuesday, Turkmenistan stated, it will be importing equipment and materials worth $1.5 billion to build a new city from scratch. The project in the gas-rich Central Asian country is overseen by its President, Kurbanguly Berdymukhamedov’s son. The move is… Read More ›
Economy & Finance
China seeking flexibility on its Phase-1 trade deal purchase commitments: sources
With China’s coronavirus threatening to put the brakes on China’s recovering economy, Chinese officials are hoping the U.S. will agree to some flexibility on its pledges in the recently signed phase-1 trade deal, said sources familiar with the situation at… Read More ›
Coronavirus jolts China’s economy, triggers rethink on wide economic spectrum
With the China’s coronavirus showing no signs of slowing down, Beijing is preparing to take steps to adjust to a slower rate of economic growth with officials pondering whether economic growth targets for 2020 should be softened. According to sources… Read More ›
EU-Britain trade deal will encapsulate financial services, fisheries, energy and trade in goods: EU Commissioner
On Monday, Ursula von der Leyen, the head of the European Commission stated, any agreement on the European Union’s future relationship with Britain will contain details on financial services, fisheries, energy and trade in goods. “It’s all outlined in the… Read More ›
Chinese tech companies continue to hum despite coronavirus pandemic
On Monday, Huawei Technologies Co Ltd stated, production at its consumer devices and carrier equipment divisions have resumed and are working normally. Huawei is among other Chinese tech companies who are continuing to keep their factories running despite the Chinese… Read More ›
Economic impact of coronavirus grips Chinese market
On Monday, China’s commodity and stock markets fell steeply in the first trading session after an extended Lunar New Year break, with investors dumping risky assets in response to heightened fears over the outbreak of the coronavirus across China. The… Read More ›
Shrinking Of French And Italian GDPs Push Eurozone Growth Close To Stalling
In the last quarter of 2019, the economies of France and Italy unexpectedly shrank, which slowed down the growth rate of the entire eurozone – which now is close to stalling, shows latest data. According to the European Union statistics… Read More ›
Airbus Settles Corruption Charges With UK’s SFO For €1bn
European aircraft manufacturer Airbus has agreed to settle corruption cases with regulators in the United Kingdom for a deal worth almost €1bn. This deal is the culmination of a long drawn investigation into allegations by UK’s Serious Fraud Office (SFO)… Read More ›
About 50 Million People Locked Won In Cities In China Due To Coronavirus
According to reports, more than 50 million people residing in Wuhan and the nearby cities at the center of the outbreak have been prevented from leaving the cities by Chinese authorities with increasing anxiety and concerns about the outbreak of… Read More ›
EssilorLuxottica’s $8 billion bid to acquire GrandVision faces full scare European Commission probe
On Friday, two sources familiar with the matter at hand have disclosed, EssilorLuxottica’s $8 billion (7.2 billion euro) bid to acquire Dutch GrandVision will face a full-scale EU antitrust investigation, following the latter declining to offer concessions during an initial… Read More ›