Countries are waking up to the serious threats posed on over-reliance on Chineese goods and its ramifications on their supply chains. In a significant development French President Emmanuel Macron disclosed, France will invest $790 million (700 million euros) over the… Read More ›
Economy & Finance
European Commission adds Saudi Arabia to dirty-money blacklist
Britain has opposed Saudi Arabia’s inclusion in the list because of it probably bad for business, especially for the City of London. In a significant development, the European Commission has added a host of countries including Saudi Arabia, Nigeria, Panama,… Read More ›
U.S.-China high-level trade negotiations begins in Beijing
The talks will end on Friday. On Thursday, China’s state news agency Xinhua reported, the United States and China have begun high level trade negotiations in Beijing. The Chinese team is being led by Chinese Vice Premier Liu He while… Read More ›
NY fund manager pleads guilty to Belize airport scam
Brent Borland, 48, a principal at Borland Capital Group, has pleaded guilty to ripping off dozens of investors to the tune of $21.9 million. As per a statement from the U.S. Department of Justice, Brent Borland, 48, a NY-based investment… Read More ›
Economic Uncertainty Results In Drop In Optimism Among US Small Business Owners
According to a report by the National Federation of Independent Business (NFIB) of the United States, the uncertainty of the future of economic growth has resulted in the fall in optimism among small businesses in the US in the month… Read More ›
The EU Should Make More Brexit Concessions To The UK, Says German Think Tank
According to one of the better known German economic think tank, more concessions should be offered to the UK over Brexit. Steps should be taken to keep the “EU and the UK in a joint customs territory after 2020”, said… Read More ›
Mike Pompeo warns U.S. allies on using Huawei’s telecom equipment
Mike Pompeo’s message was lucid: if Huawei is allowed to build its network in an allied country it would make it difficult for Washington to “partner alongside them”. In a significant development, U.S. Secretary of State Mike Pompeo issued a… Read More ›
No more permits required for opening bank accounts from 2020: PBOC
The development, aimed at cutting red tapism, is aimed at streamlining and boosting the local economy. On Tuesday, China’s central bank, The People’s Bank of China, stated it will do away with issuing permits for opening bank accounts by companies… Read More ›
Consumption growth in 2019 likely to slowdown: official from China’s Commerce Ministry
With economies around the world, including the United States and the EU, taking measures to mitigate China’s trade policies, China’s economy witnessed a historic slowdown in 2018. As part of that slowdown, the Chinese car market touched its 30-year low…. Read More ›
Big Investors Getting Attracted To ‘Aphrodite’ Gas Following Egypt-Cyprus Deal
International oil companies, downstream companies and financial institutions have shown great interest in the Cypriot Aphrodite gas field following an intergovernmental agreement arrived at between Egypt and Cyprus, claimed Egypt’s Minister of Petroleum and Mineral Resources Tarek El-Molla, according to… Read More ›