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 ›
Geopolitics
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 ›
Ukraine to purchase second consignment of U.S. Javelin anti-tank missile system
Ukraine’s Defense Ministry disclosed, Kyiv will be purchasing a second consignment of U.S. Javelin anti-tank missiles and launch units. Following Russia’s annexation of Crimea in 2014, the United States has emerged as one of Kiev’s strongest supporters. An outbreak of… Read More ›
Strongly opposes 2020 U.S. defense draft policy: China
On Thursday, in a statement China’s commerce ministry said, Beijing resolutely opposes the 2020 U.S. defense draft against Chinese firms and urges Washington to go beyond political leanings and create favorable conditions for Chinese companies. China is closely monitoring the… Read More ›
Jointly operated Saudi-Kuwaiti oil field to produce 320,000 bpd by Dec. 2020
As per a report from Saudi-owned al-Arabiya TV, the Kingdom’s Khafji oil field, which is jointly operated with Kuwait, will produce 320,000 oil barrels per day (bpd) by the end of 2020. The announcement by was made by Prince Abdulaziz… Read More ›
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