According to the CEO of the European Investment Bank (EIB), the bank plans to increase funding for European defence projects including drones, satellites, and cyber security. The bank wants to invest an additional 6 billion euros ($6.4 billion) in this area. The… Read More ›
Geopolitics
Despite Trade Disputes, Chinese Businesses Are Dedicated To The US Market, A Poll Reveals
Despite mounting concerns about U.S.-China relations and the overall economic environment, the majority of Chinese firms surveyed recently in the U.S. said they are still enthusiastic about the market’s long-term prospects. According to the China General Chamber of Commerce’s annual… Read More ›
EU And China Will Hold Discussions On Proposed Tariffs On Electric Vehicles
Senior officials from both China and the EU said on Saturday that negotiations on the proposed tariffs on Chinese-made electric cars (EVs) entering the European market had begun. Robert Habeck, Germany’s minister of economics, claimed that EU commissioner Valdis Dombrovskis… Read More ›
CEO Of JPMorgan Wealth Anticipates Improvement In China’s Economic Prospects
After a slow period, JPMorgan Chase’s CEO of asset and wealth management, Mary Erdoes, stated that the bank is witnessing indications of an improved Chinese economy, which will support the bank’s operations in the nation. As China’s economy develops unevenly… Read More ›
Under Labour Party, Consumer-Focused Lending Might Reduce UK Bank Profits
Although Labour, a left-leaning party, has courted bankers in a bid to achieve power, several of its policies are still anticipated to negatively impact the industry’s earnings should it win next month’s election. Labour was once perceived as being antagonistic… Read More ›
China Calls The Information Sought By The EU’s Electric Car Investigation “Unprecedented”
China’s trade ministry said on Thursday that the European Commission’s eight-month anti-subsidy inquiry has yielded unprecedented amounts of precise information about the supply chains of Chinese automakers, information that may potentially hinder fair competition. In an effort to counteract excessive… Read More ›
Ahead Of The Elections, UK Inflation Drops To The Bank Of England’s Objective Of 2%
In the final print of the crucial economic indicator before the July national elections, the Office for National Statistics reported on Wednesday that U.K. inflation dropped to the Bank of England’s objective of 2.0% in May. The headline number decreased… Read More ›
China-EU Trade Tensions May Boost Exports Of Other Pork Producers
According to merchants and economists, if Beijing bans imports from the European Union in reaction to the intensifying trade tensions, pork exporters from South America and the United States may gain market share in China. Russia, which began exporting pork… Read More ›
China Launches Tit-For-Tat Anti-Dumping Investigation On EU Pork
In reaction to restrictions on its exports of electric vehicles, China has launched an anti-dumping probe into imported pork and its by-products from the European Union. This move seems to be primarily directed at Spain, the Netherlands, and Denmark. The… Read More ›
Chinese Businesses Want Probes Of EU Pork As The Trade Dispute Gets Worse
According to the state-backed Global Times, Chinese companies have formally requested an anti-dumping investigation against pork imports from the European Union, intensifying tensions following the bloc’s imposition of anti-subsidy charges on Chinese-made electric vehicles. After Brussels imposed tariffs of up… Read More ›