There are people who are still not appreciative enough of what it will mean to slump into the “deepest recession since the second world war”, said German Chancellor Angela Merkel as she voiced fears over European Union leaders expressing opposing… Read More ›
Regulations & Legal
Soon After High-Level Talks, Trump Threatens To Sever China Ties
A day after the top diplomats of the United States participating in negotiations with counterparts of China in Beijing, US president Donald Trump renewed his threat to end ties with China. It was also a day ago that the US… Read More ›
Global Luxury Industry Will Suffer For 2 Years Or More Due To Covid-19, Warns Chanel
The French fashion label Chanel has said that the impact of the novel coronavirus pandemic will be felt by the international luxury industry for the next two years, and possibly even longer. The luxury retailer warned that the pandemic will… Read More ›
Push For Global Digital Tax To Be Continued By UK And Europe Despite US Walkout
Attempts to create a global framework for imposing digital tax on technology companies such as Google, Facebook and Amazon are being continued by the European Union and the United Kingdom despite the United States walking out of the negotiations for… Read More ›
Tesla to start building new U.S. vehicle factory this summer
In a document that has been made public this week, Elon Musk, Tesla Inc’s CEO said, he wants to start building a large vehicle assembly plant in the southwestern U.S. as early as the third quarter of this year. Tesla… Read More ›
Trump places decoupling with China on the negotiating table
A day after top U.S. diplomats met with their Chinese counterparts in Hawaii, U.S. President Donald Trump renewed his threat to cut ties ties with China given its history of not sticking to its commitments. Describing the U.S.-China as “tense”… Read More ›
U.S. Senate overwhelmingly passes bi-partisan conservation bill which guarantees $900 million in annual funding
In a significant development, the U.S. Senate has passed a major conservation bill that permanently direct $900 million a year in funding to a long-standing federal program which is aimed at protecting and acquiring public lands. The 73-25 vote in… Read More ›
New Zealand and Britain launch FTA negotiations
On Wednesday, Britain and New Zealand formally launched free trade negotiations, with the former looking to line up deals with other countries post-Brexit. In a statement, New Zealand’s Minister for Trade and Export Growth David Parker said, New Zealand is among… Read More ›
Facebook Refuses To Share Ad Revenues From News Content In Australia
Social media giant Facebook has refused to share advertisement revenues generated from its social media platforms, ignoring the calls from both the Australian government and news companies about sharing advertising revenue with the media. Facebook has instead suggested that it… Read More ›
First Covid-19 Positive Cases In New Zealand After More Than 3 Weeks
Days after lifting almost all restrictions imposed because of the spread of the novel coronavirus pandemic and more than three weeks without reporting any new fresh cases of the viral infection, New Zealand has reported a couple of confirmed cases… Read More ›