In a significant development, the euro zone’s trade surplus with the world grew in February, with imports from China falling sharply. The unadjusted goods trade surplus grew to $25.1 billion (23.0 billion euros) in February, compared with 18.5 billion euros… Read More ›
Entrepreneurship
China owes Germany at least £130 billion for coronavirus damages: Germany’s Bild newspaper
Germany has followed, France, UK and the United States in their search to find the source of the coronavirus following the virus going pandemic and imposing a humongous economic cost on the global economy. Bild, a major German newspaper has… Read More ›
China faces double whammy from coronavirus infections and African Swine flu, food security at risk
On Monday, an official from China’s agriculture ministry stated, its farm production and market operations face significant challenges this year and faces a double threat of imported coronavirus cases as well as African swine fever. During a video conference on… Read More ›
South Korean economy crawls back to normal, social distancing rules ease up
Things are crawling back to normal in South Korea, with South Koreans once again thronging shopping malls, parks and even restaurants as Seoul relaxes social distancing rules midst continued downtrend in coronavirus cases. In recent weeks, a growing number of… Read More ›
1.5 trillion euros required for small & medium sized companies for mitigating coronavirus crisis: EU Economics Commissioner
In an interview to German magazine Der Spiegel, the European Union’s Economics Commissioner Paolo Gentiloni said, the EU would need around $1.63 trillion (1.5 trillion euros) to mitigate issues revolving around the coronavirus crisis. “The Eurogroup has now made proposals… Read More ›
Select small businesses to reopen in Denmark on Monday, April 20
On Friday, in a statement Copenhagen said, Denmark will allow certain small businesses, including driving schools, beauty salons, and hairdressers to reopen on Monday, April 20. The order comes in the wake of lockdown aimed at reining in the footprint… Read More ›
Trump set to announce news guidelines on re-opening of the U.S. economy from lockdowns
U.S. President Donald Trump said, data suggests that the United States has passed the peak on new coronavirus infections and that he would soon announce “new guidelines” for reopening the economy later today on Thursday. “The battle continues but the… Read More ›
China may have conducted zero yield standard nuclear test at Lop Nur nuclear test site: State Department
In a report, the U.S. State Department stated, China may have secretly conducted a low-level underground test explosions nuclear despite being a signatory to an international pact which bans such blasts. The findings, which were first reported by the Wall… Read More ›
U.S. business lobbying Mexico to protect vital supply chain during coronavirus pandemic
With the coronavirus ravaging supply chains, a group representing U.S. manufacturers have had a discussion with Mexican President Andres Manuel Lopez Obrador to maintain and strengthen North America’s existing supply chain so as to provide a sustained and a strong… Read More ›
Man GLG hires former head of equities from BlackRock
On Thursday, Man GLG, the discretionary investment arm of asset manager Man Group stated, it has hired Andrew Swan from BlackRock to lead its ex-Japan equities business. Swan will join the company in Sydney during the third quarter. He will… Read More ›