In a statement U.S. Trade Representative Katherine Tai expressed strong U.S. support for Lithuania in the face of “economic coercion” from Beijing during a call with EU Executive Vice President Valdis Dombrovskis. The development assumes significance since this is the… Read More ›
As it tries to ward off Chinese diplomatic and trade pressure on Lithuania, Taiwan has announced the establishment of a $200 million fund to invest in the Baltic state. Taipei has stated that it plans to make its first investment… Read More ›
Following the cancellation of a trip to the United States and Australia due to rising COVID-19 cases, Japan and Australia are set to sign a treaty to beef up defence and security cooperation at a virtual summit on Thursday. Japanese… Read More ›
Huawei, the Chinese telecoms giant, stated on Friday that sales for this year will be 634 billion yuan ($99 billion), down 28.9% from the previous year. Sanctions imposed by the United States, a semiconductor scarcity, and a global decline in… Read More ›
Economists fear that the coronavirus pandemic has ushered in a new era of inflation disparity, with poor people bearing the brunt of growing prices. This is because a larger amount of their budget is allocated to cost-increasing areas. Food, for… Read More ›
Two of the world’s leading memory chip manufacturers, Samsung Electronics and Micron Technology, have cautioned that tight Covid-19 restrictions in the Chinese city of Xian may interrupt their chip production operations. The city’s closure adds to an already difficult year… Read More ›
On Wednesday, in a statement Russia’s Deputy Prime Minister Alexander Novak said, Moscow believes that the Nord Stream 2 gas pipeline will get the necessary certification and will eventually start working. Although construction on the Nord Stream 2 gas pipeline,… Read More ›
According to Fitch Ratings, as many as one-third of the 40 Chinese property developers that were assessed by the company might face a financial crunch if home sales revenue declines by 30 per cent next year. “The longer the stresses on… Read More ›
China intends to stiffen rules for Chinese firms seeking to get publicly listed overseas, but it would not prohibit them from trading in other countries entirely. The Chinese securities regulator recommended that any company seeking to go public in a foreign country must first get registered with… Read More ›
According to the World Bank, the pandemic has pushed about 97 million people into poverty by 2020 all across the world, with many surviving on less than $2 a day. Since then, there has been little progress. “Globally, the increase in poverty… Read More ›
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