In a statement Singapore’s Trade Minister Gan Kim Yong said, the country plans on widening its quarantine-free travel program to include fully vaccinated persons from the United States and South Korea. The development sees the financial hub attempting to cautiously… Read More ›
Regulations & Legal
EU backs 5 year climate targets ahead of COP26 meet at Glasgow
The European Union has agreed to back 5-year climate targets at the upcoming COP26 climate change conference in which countries will try and iron out burrs in rules which will put the Paris Agreement into effect. COP26, which is to… Read More ›
Turkey ratifies Paris Climate Agreement as developing country
Turkey has become the last G20 country to ratify the Paris climate agreement, after holding off for years over perceptions of injustices in its responsibilities as part of the agreement. Although Turkey has been a signatory to the Paris agreement… Read More ›
USTR to revive tariff exclusion on Chinese imports, seeks public comments
In a statement the U.S. Trade Representative’s office said, it is seeking public comments on plans to revive a targeted tariff exclusion process on Chinese imports with the aim to reinstate previously extended exclusions on 549 import product categories. It… Read More ›
Pandora Papers leak throw light on the secret wealth stashed away by global leaders and celebrities
On Sunday, a massive leak of financial documents was published by several major news organizations shedding light on how some of the world’s leaders, including Czech Prime Minister Andrej Babis, Jordan’s King Abdullah and Russian President Vladimir Putin, have stashed… Read More ›
Austria will implement carbon pricing in the biggest tax overhaul in its modern history
As part of an overhaul of its taxation regime, Austria will implement a carbon levy of 30 euros per tonne said government officials while adding, the move is aimed at rewarding behaviour that helps protect the environment while cutting corporate… Read More ›
September Inflation In Euro Zone Rises To Bit 13-Year High
Inflation in the eurozone reached a 13-year high in September and experts and economists expect it to rise further, casting doubt on the European Central Bank’s optimistic assessment of the largest price rise since before the global financial crisis. The… Read More ›
August Consumer Spending In US Increases, But Households’ Buying Power Hit By Inflation
Consumer spending in the United States increased in August, but outlays were lower than previously believed when adjusted for inflation. This data supported forecasts that economic growth would stall in the third quarter as Covid-19 infections increased. Inflation remained high… Read More ›
EU postpones trade talks with Australia
On Friday, in a statement Australian Minister for Trade Dan Tehan said, trade talks with the European Union have been postponed. The development comes in the wake of Canberra deciding to cancel a $40 billion submarine deal with France. Last… Read More ›
Developing Countries Have $385 Billion In Hidden Debts Due To Chinese Loans, Says A Study
According to a recent research, China’s Belt and Road Initiative has prompted dozens of low- and middle-income nations to accrue $385 billion in “hidden debts” to Beijing. AidData, an international development research lab headquartered at Virginia’s College of William and… Read More ›