A so called “sovereign internet” law – a controversial law that aims to create an independent internet exclusively for the country, was passed in Russia recently. However critics have said that this law is effectively a tool being devised by… Read More ›
Geopolitics
Israel’s sign gas export deal with Egypt
Israel will start exporting gas to Egypt from January 2020. In a regulatory filing in Tel Aviv, Israel’s Delek Drilling stated, shares have been transferred to buyers in a joint venture called EMED between Texas-based Noble Energy and Delek wherein… Read More ›
Asia likely to become world’s largest trade bloc in February 2020
The Pan-Asia Regional Comprehensive Economic Partnership (RCEP) is unlikely to be signed during the ASEAN summit in Bangkok, Thailand. Negotiators aims to sign the pact in February 2020. According to a spokeswoman from Thailand’s government, a trade deal by Asian… Read More ›
Despite APEC Setback, Chinese Officials Optimistic Of Trade Deal Signing With US
The Asia-Pacific Economic Cooperation summit that was scheduled to be held in Santiago in mid-November has been cancelled by the Chilean government. This summit had assumed importance all across the world because the United States President Donald Trump and Chinese… Read More ›
Brexit contributing to slowdown in British car manufacturing
Already hit by falling sales in China, and from the U.S.-China trade war, the automotive industry is going through a turbulent time. On Thursday, an industry body in Britain disclosed, British car production has dropped by an annual 3.8% in… Read More ›
89% Drop In Profit For Chinese Electric Carmaker BYD In Q3
One of the major players in the electric car industry in China – BYD, reported an astounding 89 per cent drop in net profit for the most recently ended quarter. This resulted in the shares of the company dropping by… Read More ›
LVMH In Negotiations For Purchase Of Iconic Jeweller Tiffany
Preliminary discussions to buy United States jeweller Tiffany & Co have been held by the French luxury conglomerate LVMH, it confirmed recently. “There can be no assurance that these discussions will result in any agreement”, LVMH said in a statement… Read More ›
U.S.-China close to finalizing Phase One deal
According to China trade experts, the completion of the Phase One deal is likely to provide little incentive for Beijing to negotiate any further, given the approaching U.S. presidential election in 2020. According to U.S. Trade Representative’s office and China’s… Read More ›
South Korea ready to give up its developing country status at WTO
While this will come into effect during future negotiations, it is to be seen how this will impact its agricultural sector. On Friday, in a statement South Korea’s finance minister stated, given its enhanced economic status, it is ready to… Read More ›
The UK will leave the EU with Johnson’s deal: Downing Street source
The assertion from Downing Street comes at a time when there is increasing speculation of an election before Christmas. As per a senior source from Downing Street, the UK will ultimately leave the European Union on terms set out by… Read More ›