On Thursday, China’s commerce ministry stated, Vice Premier Liu He, who heads China’s negotiation team in the U.S.-China trade talks, will be visiting Washington next week to sign the “Phase 1” trade agreement. Liu’s Washington visit will be for the… Read More ›
Geopolitics
Hard Brexit or no-deal Brexit would either way damage the economy: Klaas Knot
On Wednesday, Klaas Knot, governor of Netherland’s central bank, who also sits on the European Central Bank’s Governing Council stated, in the event of a hard Brexit in 2020, the damage to the economy would be as great had Britain… Read More ›
Ghosn Rode A Bullet Train To Osaka While Fleeing To Lebanon From Japan: Report
A news report published by the Japanese news agency Kyodo on Monday claimed to have revealed a part of the mysterious journey that the former Nissan and Renault boss Carlos Ghosn had undertaken to escape from Japan to Lebanon. The… Read More ›
Chinese Vice Premier Liu He led delegation to arrive in Washington to sign Phase 1 trade deal
As per a report from the South China Morning Post citing a source briefed on the matter at hand, a Chinese trade delegation is scheduled to visit Washington on January 13 for signing the U.S.-China Phase 1 trade deal. The… Read More ›
Crude prices surge following U.S. air strike on Iranian Major-General Qassem Soleimani and Iraqi militia commander Abu Mahdi al-Muhandis in Iraq
On Friday, oil prices jumped by more than $1 following a U.S. air strike at the Baghdad International Airport which resulted in the death of a key Iranian and Iraqi military personnel. Brent crude futures LCOc1 was up by 1.86%… Read More ›
China temporarily blocks Shanghai-London Stock Connect scheme over political tensions
According to five sources, China has temporarily blocked the planned cross-border listings between the London and Shanghai stock exchanges due to political tensions with Britain. The suspension of the Shanghai-London Stock Connect scheme has cast a shadow over the future… Read More ›
Tiffany, Mercedes are among luxury brands adding restaurants to their stores in China
The love for food of Chinese customers is being tapped into by high-end retailers in China to boost sale of luxury goods. Cafes and restaurants to their shops have been added by a host of vendors offering everything from jewellery… Read More ›
Industry Body CII Expects Gradual Recovery In 2020 Of Slowing Indian Economy
The Indian economy, that was considered to be the fastest growing major economy not long ago, saw a dismal performance in 2019. The real estate, automobile, construction sectors and overall consumption demand have been the worst hit. The economy is… Read More ›
Record High For Consumer Spending On Ethical Purchases In UK
The total annual value of ethical purchasing in the United Kingdom has reached record levels, according to a new report, which is now at £41bn. The reported noted that the amount was for products in purchased in the food, drinks,… Read More ›
China’s Efforts To Develop Its Own Tesla Amid A Slowing Economy And Phasing Out Of Subsidies
In recent years, venture capitalists have invested billions of dollars into companies and startups that are focused on development of electric vehicles as the industry itself is strongly supported by the Chinese government. While it is not yet clear what… Read More ›