In the wake of a nationwide fears in China related to a new virus, cancellation fees for trips to the central Chinese city of Wuhan are being waivered by China’s biggest online travel agency, said reports. The 2020 Lunar New… Read More ›
Economy & Finance
Chinese strategy of wearing down opponent with prolonged negotiations not working, EU won’t meet China halfway in investment talks: EU Trade Chief
During a press conference held by business lobby group BusinessEurope, EU trade chief Phil Hogan made it amply clear that the European Union wants China to protect foreign investment and increase access to its investment market in 2020. The EU… Read More ›
US To Review Complaints Of Sudden Acceleration Of About 500,000 Tesla Cars
Following reports of sudden unintended acceleration in Tesla cars, authorities in the United States has decided to investigate and recall about 500,000 vehicles of the US based electric car maker. This was announced by the National Highway Traffic Safety Administration… Read More ›
Chips And Electric Car Batteries Should Be Made In Europe, Says Angela Merkel
Member countries of the European Union need to enhance their technological abilities and aggressively push for development in the areas such as manufacturing of catteries for electric cars and in cloud computing – believes the German Chancellor Angela Merkel. in… Read More ›
Most Exposed to Climate Change Are Countries Reliant On Agriculture: McKinsey Report
Climate change is likely to have a greater impact on countries and regions that have lower per capita GDP levels as they are likely to be more exposed to it, claimed a new climate risk report from McKinsey Global Institute…. Read More ›
China to roll out more fiscal support measures with economy facing pressures: China’s head of the National Bureau of Statistics
On Friday, China’s chief of statistics bureau stated, Beijing will maintain a proactive fiscal policy and a prudent monetary policy in 2020 and will roll out support measures since its economy faces downward pressures. During a press conference in Beijing,… Read More ›
British Electric Vehicle Startup To Receive $112 Million Investment From Hyundai And Kia
Investments of more than $110 million by Korean auto giants Hyundai and Kia has propelled the British electric vehicles making startup Arrival to become the most valuable startup of Britain. A spokesperson for the company said that Arrival was valued… Read More ›
The Most Important Things Not Covered In US-China Phase One Trade Deal
While the recently signed phase one trade agreement between the United States and China brought relief to businesses and markets, it was also marked by the fact that the easier aspects of the difficult trade relationship of the two countries… Read More ›
Financial sector optimistic on U.S.-China Phase 1 trade deal
Under the recent Phase 1 U.S.-China trade deal, China has agreed to expedite by nine months a previous December 2020 deadline for removing foreign ownership caps on securities firms, which includes investment banking, underwriting and brokerage operations. The Phase 1… Read More ›
India mulling introduction of new law to protect foreign investments
According to two officials with direct knowledge of the matter at hand, the Indian government is planning on bringing a new law to safeguard foreign investment in the country, by speeding up dispute resolutions. In the initial 40-page draft by… Read More ›
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