Although Ali Larijani’s posturing is aimed at Iran’s domestic population, it assumes significance due to its geo-economic ramifications. On Friday, Iran’s parliamentary speaker, Ali Larijani, said security in the Middle East could be threatened if Tehran was cornered by Saudi… Read More ›
Economy & Finance
Oil prices likely to rise due to U.S. sanctions on Iran and Venezuela
Iran slammed U.S. arrange of ignoring 60 years of OPEC’s history by suggesting Saudi Arabia boost its oil production in order to make up for Iran’s shortfall. In a development that essentially sets the stage for a tough meeting at… Read More ›
New tariffs on cars and trucks will negatively impact U.S. consumers: Japan’s automakers association
In a cautionary move, Japan has warned the U.S. that any imposition of new tariffs will negatively impact U.S. consumers and its auto industry. On Friday, Japan’s automakers association (JAMA) came down heavily on U.S. overtures to explore the possibility… Read More ›
U.S. – China trade gap widens to $24.58 billion in May 2018
Given its humongous trade surplus with the U.S., it would be only natural to assume that China has much to lose in the event of a hike in U.S. import tariffs. Before such tariffs are enforced by Washington, Beijing is… Read More ›
Surprise Rate Hike By Turkish Central Bank, Currency Rallies
Just a few before the presidential and parliamentary elections in Turkey, the country’s central bank announced a sharp rise in the primary interest rate aimed at reigning in the rising rates of inflation and to stabilize the currency lira. The… Read More ›
EU To Impose Tariffs On US Imports From July
The retaliatory import tariffs that has been announced to be imposed by the European Union on goods from the United States would be implemented from next month. The list of goods include a range of products from Harley-Davidson motorbikes to… Read More ›
Love of French oak by Chinese millennials driving up exports
The love of French oak by Chinese millennials have place France at world no. 2 in oak log exports to China. Due to heightened demand of oak from China, especially from millennials who have developed a taste for high-quality wooden… Read More ›
Europe Is Dependent On Gas From Russia For Its Energy Needs
It is hard for Europe to dump Russia despite its desires to do so. Vienna gave a warm welcome to Russia President Vladimir Putin on the occasion of the 50th anniversary of Austria becoming the first western country that agreed… Read More ›
Mexico To Slap Tariffs On US Goods Worth $3 Billion: Minister
The tariffs that Mexico is planning to impose on American products would be worth $3 billion and would include goods from a number of sectors, said the country’s Economy Minister Ildefonso Guajardo on Tuesday. “The value of the impact will… Read More ›
ZTE has signed documents to lift U.S. 7-year ban: sources
The preliminary agreement which ZTE has purportedly signed is likely to face significant headwinds in the U.S. Congress since the Chinese firm has been labeled as a threat to U.S. national security. Overcoming that is likely to be a Himalayan… Read More ›