Airbnb has been accused of “outrageous discrimination” in a class action law suit filed against it in Israel where the lawyers demanded monetary compensation for the damages that had been cause by the company following its decision of withdrawal of… Read More ›
Geopolitics
Avoid China-made telecommunication equipment: U.S. to allies
The United States is pushing allies to avoid using telecommunication equipment made by Chinese Companies, including Huawei Technologies, citing heightened cybersecurity risks. Following perceptions of threats from espionage, the U.S. government is persuading internet providers and wireless operators in allied… Read More ›
European Securities and Markets Authority wants no disruption to UK clearing houses
Irrespective of whether negotiators and lawmakers manage to hammer out a Brexit deal, the European Securities and Markets Authority (ESMA) wants no disruption to central clearing. On Friday, in a significant development, the European Securities and Markets Authority (ESMA) stated,… Read More ›
US-China Trade War Extended Into WTO Meeting
The trade tensions between the United States and China spilled on to a meeting at the World Trade Organization where the US accused China of utilizing the global trade body to continue with its “non-market” policies while China alleged that… Read More ›
EU Commission calls for Italy to be sanctioned over budget
The proposed budget deficit target for 2019 that was prepared by the newly elected coalition government of Italy had been rejected by the European Commission and had asked the country to submit a fresh proposal within a period three weeks…. Read More ›
Chinese Consumers Are Apparently Tightening Their Purse Strings
There are some negative signs for China’s huge consumer market which can be bad news for the Chinese economy which is already facing a potential slow down. According to analysts, the individual consumer in the second largest economy of the… Read More ›
EU-Britain agrees on declaration on their future ties
Much of the noise coming out of Britain was in this general direction. This draft declaration could potentially stymie headwinds for British Prime Minister Theresa May. On Thursday, as per an official from the European Union with knowledge of the… Read More ›
China gauging impact of U.S. report under Section 301
The U.S. has proposed to expand the list of high-technologies listed under Section 301 which bars their exports to countries that are deemed as unfriendly. On Thursday, a spokesman from China’s Commerce Ministry stated, Beijing is in the process of… Read More ›
America Is Not Benefitting From Exit Of Firms From China Due To Tariffs
America is not benefitting from the trade tariffs it imposed on China – at least in terms of the destination of the companies that are leaving the second largest economy of the world because of the tariffs pressures. Products made… Read More ›
Sanctions On Saudi Arabia Being Explored By UK Foreign Office Over Khashoggi Murder
If there is evidence that indicates that the government of Saudi Arabia was involved in the murder of the Saudi journalist Jamal Khashoggi, the United Kingdom is ready to impose sanctions against the Kingdom, UK’s foreign office told the media… Read More ›