In a significant development, the G7 has agreed on principles revolving around cross-border digital trade cross border flow of data. Britain described the development as a breakthrough which could free up hundreds of billions of dollars of international commerce. Trade… Read More ›
Geopolitics
Japan’s economic security revolves around strategic autonomy and indispensability
On Saturday, a top party official from the Japanese government said, Tokyo’s economic security strategy will revolve around the two pillars of “strategic autonomy and indispensability”. The comments come at a time when Japan is facing an increasingly belligerent China…. Read More ›
British Foreign Minister to strengthen defense trade, tech and security with India
In a statement on Saturday, Britain’s Foreign Minister Liz Truss said, London is making stronger security and defence partnerships with India. Her statement comes at a time when she is on an official visit to the country. According to a… Read More ›
China’s BYD and CATL defer building dedicated factory for Apple citing political tensions
According to three sources familiar with the knowledge at hand, Apple Inc’s negotiations with China’s BYD and CATL over battery supplies for its planned electric vehicle have stalled after the Chinese company refused to set up teams and build U.S. plants… Read More ›
WTO members should support intellectual property waiver to ensure equitable access to vaccines: White House
The White House has called on all members of the World Trade Organization to support an intellectual property waiver for COVID-19 vaccines. “We … need every WTO member to step up as well and support an intellectual property waiver, and… Read More ›
US will defend Taiwan if attacked: US President Joe Biden
In a significant development, US President Joe Biden stated, the United States will defend Taiwan from any aggression and has a legal commitment to defend the island nation China claims as its own. In a statement the White House said,… Read More ›
EU adopts resolution to deepen economic ties with Taiwan
On Thursday, the European Union adopted a resolution to deepen economic ties with Taiwan. Interestingly, a similar deal with China has been put on hold. The European Parliament voted 580 to 26 votes, backing a non-binding resolution requesting the European… Read More ›
British foreign minister Liz Truss to pursue trade deal with Gulf countries in her visit to Saudi Arabia and Qatar
British foreign minister Liz Truss will be travelling to Qatar and Saudi Arabia this week to pursue a potential trade deal with Gulf countries as well as to deepen diplomatic ties. During her visit, Truss will meet her Saudi counterpart… Read More ›
Economic Rebound And Deals Help Estimating Beating Profits By US Banks
Another strong quarter of earnings were reported throughout the week by the four largest consumer banks in the United States, buoyed by the improving situation in the economy which gave them the opportunity to release more cash which they had… Read More ›
Support for Taiwan rock solid: White House
With China raising the stakes in a potential invasion of Taiwan, White House press secretary Jen Psaki said, Washington’s commitment towards Taiwan is “rock solid”. “We will continue to support Taiwan’s self defense,” said Psaki.