If there is no free trade deal between the United Kingdom and the European Union by the end of the year, the car industry of the UK could lose 55.4 billion pounds ($74 billion) in tariffs by 2025, the Britain’s… Read More ›
Regulations & Legal
Covid-19 Impact: Zambia Becomes First African Nation To Default On Bonds Debt Servicing
The first African country to default on its debt in the Covid-19 era was Zambia which opted to leave a $42.5 million eurobond repayment last week. A key rating for Zambia was downgraded from CC to Restricted Default by Fitch… Read More ›
New Telecom Law Could Pose Fines Of 10% Of Revenues Of British Telcos For Using Huawei Equipment
A new law that was announced in the British parliament on Tuesday shows that large fines could be faced by British telecom companies if they are unable to tighten security in their networks. Enhancing the security in the 5G and… Read More ›
NATO, EU invites U.S. President-elect Joe Biden to rebuild transatlantic ties
In a significant development, top officials from the European Union as well as the head of NATO invited U.S. President-elect Joe Biden to rebuild transatlantic ties. Washington is set to meet its European allies in 2021. NATO Secretary General Jens… Read More ›
Slow Q3 Contraction Raises Hope Of Rebound Of Singapore’s Economy
Despite a contraction of 5.8 per cent in the economy of Singapore in the third quarter compared to a year ago, the numbers were better than had been previously estimated, said the Ministry of Trade and Industry of the country… Read More ›
Uncertain Future For European Fur Industry Due To Covid-19
The spotlight is once again on the fur industry in Europe following the killing of millions of mink in a mass culling in Denmark after there was an outbreak of coronavirus at farms in the country. All mink would be… Read More ›
COVID-19 casting a shadow on Britain’s urgent need for FTA with EU: Rishi Sunak
During an interview to the BBC’s Andrew Marr, British Finance Minister Rishi Sunak said, the UK wants to strike a free-trade agreement with the European Union; but in near-term perspective, the concern is overshadowed by the COVID-19 pandemic. When asked… Read More ›
Brazilian Health Ministry signs non-binding letter-of-intent to buy COVID-19 vaccines from 5 companies
In a statement, Brazil’s health ministry said, it will be signing a non-binding letters of intent to buy coronavirus vaccines from four companies as well as from Russia’s sovereign wealth fund; these purchases will be subject to the approval of… Read More ›
Biggest U.S. musical equipment & instruments retailer, Guitar Center Inc, files Chapter 11 bankruptcy
The biggest U.S. retailer for musical equipment and instruments, Guitar Center Inc, has filed for Chapter 11 bankruptcy, in the United States Bankruptcy Court of the Eastern District of Virginia, despite the fact that music lovers continuing to shop online… Read More ›
Europe Could Be Hit By A Third Wave Of The Pandemic, Warns WHO’s Covid Envoy
The beginning of a third wave of the pandemic in Europe in early 2021was predicted by a World Health Organization (WHO) special Covid-19 envoy. The next wave of the novel coronavirus pandemic will take place if various European governments repeat,… Read More ›
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