The role of the German regulators in the accounting scandal and the ultimate collapse of the country’s fintech giant Wirecard will be looked into by European Union officials. Specifically, the extent to which the regulators were aware of the development… Read More ›
While expressing hope that the worst phase of the impact of the novel coronavirus pandemic on the world would be over, Christine Lagarde, the president of the European Central Bank, said that it is unlikely that the world and its… Read More ›
In yet another significant development, the U.S. Senate has passed a bipartisan bill that imposes mandatory sanctions on companies and people that back China’s effort to restrict Hong Kong’s autonomy. The bill also includes secondary sanctions on banks that do… Read More ›
Basing itself on documentary evidence, the U.S. administration has come to the conclusion that Huawei Technologies and Hikvisionare either owned or controlled by the Chinese military. The determination lays the groundwork for further U.S. financial sanctions on the duo. Confirming… Read More ›
In a development that could add more barbs to the ever increasing U.S.-China trade tensions, U.S. President Donald Trump has signed a memorandum aimed at protecting American lobster fishermen who have found export markets drying up. “If those purchase commitments… Read More ›
U.S. Treasury Secretary Steven Mnuchin stated, U.S. companies will decouple from China if they are not allowed to compete on a fair and level basis in China with its domestic companies. Mnuchin made these remarks while speaking at a virtual… Read More ›
The Indian government has been accused of being engaged in “unfair and discriminatory practices” on charter air transportation services to and from India by the Transportation Department of the United States on Monday. Making this accusation, the Department has also… Read More ›
Influential economist Jeffrey Sachs believes that it is not the novel coronavirus pandemic but the deepening cold war between the United States and China will turn out to be a much larger threat to global economy. In an interview to… Read More ›
Amid the global economic and business uncertainty brought in by the novel coronavirus pandemic, more foreign businesses are investing in Chinese companies and buying them up which includes deals being made in the more sensitive industries of finance and technology… Read More ›
Tensions between the European Union and China could potentially cool down after a video summit today. The video summit will be their first formal talks since the European Union accused Beijing of trying to obfuscate and spread disinformation about the… Read More ›
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