The United States and Japan have come to an agreement to reduce tariffs imposed by Trump on the import of about 1.25 million metric tonnes of Japanese steel imports each year. Under the terms of the agreement, Japan promises to… Read More ›
Geopolitics
US approves $100M sale of military equipment and services for Taiwan
In a statement the Pentagon said, it has approved a potential sale of military equipment and services worth $100 million to Taiwan to “sustain, maintain, and improve” its defense systems. In a statement, the U.S. Defense Security Cooperation Agency said,… Read More ›
UK, South Korea seek to sign trade deal boosting supply chain resilience
On Monday, South Korea and Britain are scheduled to sign an agreement to reinforce supply chains for key products which have been hammered by the Coronavirus pandemic. British trade minister Anne Marie Trevelyan is scheduled to host her counterpart Yeo… Read More ›
Automakers And Chip Makers Have Different Forecasts For End Of Semiconductor Shortage
Auto giants such as General Motors, Ford Motor, and Hyundai Motor estimate that the global semiconductor chip shortage that has been ongoing for almost two years will ease to an extent by the second half of 2022. However, makers of chips for auto companies forecast… Read More ›
Volvo And Northvolt Are Teaming Up To Create A Gigafactory In Sweden, Led By A Former Tesla Executive
Volvo Cars and Northvolt announced the building of a new battery production factory in Gothenburg, Sweden, which is slated to start construction in 2023. The plant will, according to the firms, “have a potential yearly cell production capacity of up to 50-gigawatt hours.” According to… Read More ›
Sinn Fein could sweep elections in Northern Ireland following First Minister’s resignation over Brexit protocols
Northern Ireland’s first minister has resigned in protest over post-Brexit trade rules. The development comes in the wake of another minister trying to halt some checks on agri-food goods coming into Northern Ireland from the UK, without following Brexit protocols…. Read More ›
Germany likely to discuss US F-35 purchase during Chancellor Olaf Scholz’s visit to Washington next week
According to a German defense source, Germany is leaning towards the purchase of U.S. stealth fighter jets F-35 built by Lockheed Martin which will replace its ageing Tornado. It has yet to take a final decision on the purchase. According to… Read More ›
Ukraine to sign drone manufacturing framework with Turkey during Erdogan’s visit
Ahead of Turkish President Tayyip Erdogan’s visit to Ukraine, Ukrainian Defence Minister Oleksii Reznikov said, both countries will sign a framework agreement on manufacturing Turkish drones in Ukraine. He went on to add, the number of ceasefire violations in eastern… Read More ›
Will designate Qatar as major non-NATO ally soon: Biden
U.S. President Joe Biden has promised Qatar’s emir, Sheikh Tamim bin Hamad al-Thani, that he will designate Qatar as a major non-NATO ally. In a meeting in the Oval Office, Biden said he planned to notify the U.S. Congress of… Read More ›
Economists Expect Bank Of England To Impose Two Consecutive Rate Hikes, A First Since 2004
According to predictions of economists, the Bank of England will potentially raise interest rates twice this year which would be a first since 2004 for the central bank. The UK central bank is trying to lead the UK economy through… Read More ›
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