Chief negotiators from the respective countries in the Asia Pacific region are set to meet next week to hammer out an agreement for signing the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). On Thursday, Australian Prime Minister Malcolm Turnbull… Read More ›
Geopolitics
85% North America content in vehicles, an unrealistic target: U.S. Auto industry to Trump Administration
The U.S. auto industry has gone at great lengths to to convince the Trump administration of the importance of NAFTA for the industry. In fact, in October 2017 major auto dealers, automakers and suppliers had launched a coalition to back… Read More ›
Hyundai Motor Co gets reprieve following a tentative wage deal with labor union
The development will allow Hyundai Motor to get back on its feet after a sales slump in 2017. On Tuesday, Hyundai Motor Co’s labor union disclosed that its members have agreed to a tentative deal in wages with its management…. Read More ›
Fiat Chrysler Automobiles to shift production of its Ram heavy duty pickup trucks to Warren, Michigan, from Mexico
While FCA plans on boosting the output of its Mexican plant in 2018 & 2019, in 2020 having shifted the production of its Ram heavy duty pickup trucks, it plans on reconditioning the plant to produce a yet to be… Read More ›
South Korea planning to ban cryptocurrency exchanges in the country
The move has widespread geo-political and geo-economic implications, including for its neighbor North Korea which is increasingly banking on such currencies to flush its economy with cash. On Thursday, South Korea’s Justice Minister disclosed that it is preparing a law… Read More ›
Italy and Iran set to sign investment accord on Thursday
Clamped down by U.S. led economic sanctions, Iran remains an untapped and politically volatile market. Iran and Italy are set to sign a framework for credit agreement worth 5.0 billion euros on Thursday which will facilitate investments by Italian companies… Read More ›
China to place an order for 184 A320 narrow-body jets from Airbus: French President Emmanuel Macron
Although a formal deal is yet to be signed, Chinese President Xi Jinping has confirmed the placement of the order. On Wednesday, French President Emmanuel Macron disclosed that the purchase of 184 A320 narrow-body jets from Airbus by China is… Read More ›
North Korea To Send Delegation To Winter Olympic Games In South Korea
South Korean officials have confirmed that the Winter Olympic Games to be held in South Korea would see the participation of a delegation from North Korea. This agreement was reached between the two countries after high-level talks were held between… Read More ›
China’s Belt and Road initiative cannot be a one way road
Despite Beijing’s sweet coated words on its strategic Belt and Road project which will transport precious fuel and resources to its hungry industries, the project, key to Xi’s legacy, is viewed with suspicion by many countries across the globe, including… Read More ›
Pakistan Replaces Dollar With Chinese Yuan As Mode Of Trade And Investment With China, 24 Hours After Trump Twitter Tirade
Pakistan appears to be befriending China – the second largest economy in the world, to a greater extent within just 24 hours of the U.S. President Donald Trump criticized Pakistan on Twitter. It was just one day ago that Pakistan… Read More ›