After gaining more than 15 per cent so far in 2019, the price of gold is set to record its strongest annual growth in almost a decade. The growing global economic and political uncertainties are pushing investors to want to… Read More ›
Economy & Finance
China To Cut Tariffs On Some Products Including Pork To Boost Trade
Next week, tariffs on hundreds of goods will be reduced by China as part of its efforts to shore up trade to provide a boost to its slowing economy and to cushion the impact of a devastating swine fever epidemic…. Read More ›
Economic Crisis Hit Lebanon Has A Very Sad Christmas
The struggling economy of Lebanon has seen a shortage of shoppers in the country’s streets. A report published in the news agency Reuters showcased the clothing shop of Rafi Tabakian in a Beirut suburb that was empty which otherwise would… Read More ›
EU Unhappy With Boris Johnson’s Push For A Hard Brexit
Chief negotiator of the European Union Michel Barnier warned that trade talks between the EU and the United Kingdom could get into trouble if the UK Prime Minister Boris Johnson does not adhere to the red lines drawn by the… Read More ›
China to lower import tariffs on select products from January 1, 2020
In a statement, China’s finance ministry stated, it will lower tariffs on products ranging from avocado, and frozen pork to some type of semiconductors in 2020. In the coming year, Beijing is scheduled to lower import tariffs, which are lower… Read More ›
U.S.-China Phase One trade deal to be signed ‘very shortly’: Trump
U.S. President Donald Trump stated, the United States and China would “very shortly” sign the so-called Phase One trade pact. “We just achieved a breakthrough on the trade deal and we will be signing it very shortly,” said Trump at… Read More ›
World Bank Report Shows Record Growth Of Debt In 2018 In EMDEs
An analysis in Global Waves of Debt, the World Bank has found that in 2018, a record $55tn in total debts was attributed to the Emerging market and developing economies (EMDEs). The institution said that this was the straight eighth… Read More ›
EIU Predicts 50% Slower Global Growth Over The Next Decade Compared To The Last
A senior and well known economist has predicted that the pace of global economic growth in te next decade will be about half of what the global economy had achieved in the 2010s. Simon Baptist, chief economist at the Economist… Read More ›
China’s Big Fund trim stake in tech sector
On Saturday, China’s state-backed semiconductor fund announced plans to trim its stakes in select tech firms, even as foreign investors continued to increase their exposure to its tech sector. China’s National Integrated Circuitry Investment Fund, which is known as the… Read More ›
U.S. approach to industry-standard patents undergoes policy-shift
In a far-reaching policy shift, officials from the United States antitrust and patent office stated they no longer deem holders of industry-standard patents anti-competitive if they sue to stop the sale of infringing products. In a joint statement, the U.S…. Read More ›