This was the second such robbery in the same branch, with the robbers walking away after having filled a backpack with 1,567 centenarios worth $2.5 million. According to Mexican security officials, armed robbers have managed to break in to a… Read More ›
Regulations & Legal
China to lift import tariffs on limited agricultural products
On August 6, 2019, China had stated it would stop importing U.S. agricultural products. It now plans on lifting import restrictions on a limited number of items. On Wednesday, China’s Ministry of Commerce stated, it plans on removing import tariffs… Read More ›
Britain looking to seal trade deal with the United States after Brexit
A trade deal with the United States, located in another continents, is likely to be more expensive than one with its neighbor across the pool. On Wednesday, British Foreign Secretary Dominic Raab praised U.S. President Donald Trump and mentioned that… Read More ›
Talks For A Minority Stake In Universal Music Group Ongoing With Tencent
The global music industry is possibly the next stop for the Chinese tech company Tencent. It has been reported that the Chinese firm is in the process of negotiations with Universal Music Group (UMG) for a 10 per cent stake… Read More ›
Trade War Now Includes Currencies, Forex Markets Expect More Volatility
There is likely to be volatility into long-dormant foreign exchanges and possible additional pressure on world markets because of the trade war between the United States and China being dragged into the currency market, warned analysts, as Washington identified Beijing… Read More ›
U.S. trade action on China hits home – Renminbi falls to new low
As a result of the Renminbi breaching this threshold, the Chinese will have to shell out a lot more to service their debt especially if they want to boost exports. This is even more important given Beijing’s holding of the… Read More ›
Escalating Trade Row Sees Slump Of Japanese Car Sale In South Korea
A consumer backlash in South Korea promoted by an increasing trade spat with Japan saw sale of Japanese cars drop significantly last month in Tokyo’s neighboring country. According to data from the auto industry, there was a 32 per cent… Read More ›
South Korea to invest $6.48 billion to cut reliance on Japanese imports
The ruling of a South Korean court ignited bilateral trade ties. Since then, relations have tread mostly southwards. On Monday South Korea announced, it plans on investing $6.48 billion (7.8 trillion won) in research and development for local materials, equipment… Read More ›
UK Tourism Industry Gaining Because Of Weak Pound
According to the latest figures from United Kingdom, there has been an almost a fifth increase in the number of tourists visiting the UK from China this summer. There was also a 6 per cent year on year increase in… Read More ›
Recent Trump China Tariffs Turns US Retail Industry Fears Into Reality
The announcement of a 10 per cent import tariff on the remaining $300 billion worth of Chinese imports by the United States president Donald Trump has seen retail stocks lose value significantly. The plight of the retailers was spoken about… Read More ›