A pilot real estate tax will be implemented in select provinces. The Chinese parliament’s highest decision-making body said on Saturday, according to a report published in the Chinese official news agency Xinhua. According to Xinhua, which areas will be included… Read More ›
Regulations & Legal
Record Petrol Prices Being Faced By Motorists In Asia And Europe
Price of petrol and diesel at the pump are being pushed to or near record highs in Europe and Asia because of rising oil prices, rebounding fuel demand, and levies and as such motor owners in these regions may face… Read More ›
Saudi Arabia Targets To Achieve Net-Zero Emissions By 2060
The largest producer of oil, Saudi Arabia, has set a target to attain “net zero” greenhouse gas emissions by 2060 as the kingdom joined more than 100 countries around the world that are campaigning to address the issue of climate… Read More ›
G7 countries agree to Digital Trade Principles
In a significant development, the G7 has agreed on principles revolving around cross-border digital trade cross border flow of data. Britain described the development as a breakthrough which could free up hundreds of billions of dollars of international commerce. Trade… Read More ›
WTO members should support intellectual property waiver to ensure equitable access to vaccines: White House
The White House has called on all members of the World Trade Organization to support an intellectual property waiver for COVID-19 vaccines. “We … need every WTO member to step up as well and support an intellectual property waiver, and… Read More ›
US will defend Taiwan if attacked: US President Joe Biden
In a significant development, US President Joe Biden stated, the United States will defend Taiwan from any aggression and has a legal commitment to defend the island nation China claims as its own. In a statement the White House said,… Read More ›
EU adopts resolution to deepen economic ties with Taiwan
On Thursday, the European Union adopted a resolution to deepen economic ties with Taiwan. Interestingly, a similar deal with China has been put on hold. The European Parliament voted 580 to 26 votes, backing a non-binding resolution requesting the European… Read More ›
Lebanon’s central bank under forensic audit: Lebanese President Michel Aoun
On Thursday, in a tweet, Lebanese President Michel Aoun said, Alvarez & Marsal has begun a forensic audit of the Lebanon’s central bank. The tweet indicates a fresh thrust for Lebanon in its efforts to secure foreign aid midst a… Read More ›
China tightens oversight of news sources in increased regulatory crackdown
On Wednesday, China’s top internet regulator, the Cyberspace Administration of China (CAC), published an updated list of 1,358 internet news services, saying information service providers are only permitted to reprint news from them. The development comes midst a regulatory crackdown… Read More ›
Achieving Zero-Carbon Shipping By 2040 Pledged By Amazon, Ikea And Unilever
An aggressive target of moving their cargo only on ships using zero-carbon fuel by 2040 has been pledged to be achieved by nine big companies including Amazon, Ikea and Unilever. The companies have said that this aim will also be… Read More ›