With the deteriorating relations between the United States and China, a set of new rules for countering “unjustified” laws and restrictions imposed in foreign countries on Chinese companies and citizens has been published by China’s Ministry of Commerce during the… Read More ›
Regulations & Legal
Reserve Target Raised By IMF Due To Enhanced Risks Of Its Credit Exposure
Due to a sharp increase in financial risks since 2018, the International Monetary Fund (IMF) said that the medium term target for the fund’s precautionary reserves has been agreed to be raised by its Executive Board. The IMF said in… Read More ›
Bahrain opens airspace with Doha from January 11
In a development that sees the end of a regional dispute, Bahrain’s civilian affairs authority said, it will open its airspace to Qatar from January 11. The development comes in the wake of a U.S.-backed deal by Arab states last… Read More ›
U.S.-Taiwan relation elevated to global partnership
On Monday, in a development of significant geostrategic importance, Taiwanese Foreign Minister Joseph Wu stated, U.S.-Taiwan relations have been elevated to a global partnership while describing the U.S. lifting of restrictions on interactions between officials from both sides as a… Read More ›
Morgan Stanley, and Goldman Sachs JPMorgan to delist some HK-listed structured products following U.S. ban
In a statement, Morgan Stanley, and Goldman Sachs JPMorgan said, they will delist 500 Hong Kong-listed structured products following a U.S. ban on investments in companies Washington has labeled as deemed to be linked to the Chinese military. The Hong… Read More ›
Boeing Agrees To A $2.5bn Settlement In US Over 737 Max Conspiracy Charges
United States aircraft maker Boeing has agreed to settle criminal charges in the country about it hiding information from safety officials about the designing flaws of its 737 Max planes and has agreed to pay an amount of $2.5bn. Boeing… Read More ›
Google’s Chrome Browser Changes To Be Investigated By UK’s Competition Watchdog
An investigation into Google’s proposals to remove third-party cookies and other functions from its Chrome browser will be investigated by the competition watchdog of the United Kingdom. The decision to probe the proposed changes were initiated after concerns were raised… Read More ›
European Dealmaking In China Expected To Be Bolstered By Investment Deal
Following the signing of an investment deal last month between China, the second largest economy of the world, and the European Union, lawyers and bankers are expecting to see European companies to eagerly look out for investing in assets in… Read More ›
FAO Notes Seventh Straight Month Of Rise In World Food Price Index
According to a statement issued by the United Nations food agency on Thursday, prices of good rose globally for the seventh consecutive month in December with rise in the prices of prices of all the major categories, except sugar, last… Read More ›
UK Watchdog Claims 4,000 Financial Firms Could Collapse Due To Covid-19 Hit
According to the estimates of the Financial Conduct Authority of the United Kingdom, the economic impact of the first wave of the novel coronavirus pandemic has put almost 4,000 financial companies of the country at the brink of and at… Read More ›