Just days before a planned face to face meeting between the trade representatives of the United States and China, Beijing announced its decision to exempt 16 types of US products imported into the country from tariffs. The Chinese Ministry of… Read More ›
A “shallow recession” is likely to hit the United States, opined Eric Fishwick, chief economist at Hong Kong-based investment bank CLSA. Fishwick also said that a slowing global economy and an escalating trade dispute between the US and China is… Read More ›
The recent effort of Cuba to formulate and implement a modernization of its economy would be willingly supported by the European Union (EU), said High Representative for Foreign Affairs and Security Policy of t EU, Federica Mogherini, on Monday. “We… Read More ›
The chairman of Hong Kong’s flagship airline Cathay Pacific, John Slosar, is set to retire after donning the chair for 39 years. This retirement announcement also assumes importance because of the resignation of two of the top[ executives of the… Read More ›
The services sector of the United Kingdom has been pushed down more than expected because of the Brexit uncertainty and this could lead the country’s economy to be pushed into a recession which would be the first since the global… Read More ›
There were signs that trade talks could restart between the United States and China with the possibility of the next round of face-to-face talks taking place in September which is also the time when the impending fresh round of US… Read More ›
Britain is staring at a cliffhanger Brexit. On Friday, according to a statement from Irish Foreign Minister Simon Coveney, the British government has yet to make credible and concrete proposals on replacing the mechanism known as the Irish backstop in… Read More ›
There is a threat of a slowdown in the global economy as well as warning signals of a downturn that has rattled financial markets because of the trade war between the United States and China. While there is no immediate… Read More ›
The fears of a trickle down recessionary effect with it beginning at the top of the spending tree were stoked after reports emerged that the spending is being cut by the rich on everything from homes to jewelry. According to… Read More ›
The EU has made it amply clear that the ball lies in Brazil’s court. Its behavior will have to change its attitude for the deal to come through by late 2020. On Wednesday, a senior official from the European Union… Read More ›
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