The global supply chain and supplies of chips and smartphones could get disrupted because of a potential row between South Korea and Japan as Seoul threatened Tokyo with retaliation against the latter’s recent decision to put export limits on high-tech… Read More ›
Regulations & Legal
U.S. exports its first ever rice to China
Sun Valley Rice exported two containers of around 40 tons to a private Chinese importer. In a significant development, USA Rice, a trade group that promotes the sales of U.S. grains reported, a private importer in China has purchased U.S…. Read More ›
Saudi Arabia’s SAMI inks defense deal with South Africa’s Paramount Group
Saudi Arabia, the world’s third largest defense spender, aims to cut its defense import bill by 50% by 2030. In an effort aimed at developing Saudi Arabia’s domestic defense industry, Saudi Arabian Military Industries (SAMI) and South Africa’s Paramount Group… Read More ›
Australia set to pass $110 billion tax cut law
The measure has the backing of the Reserve Bank of Australia which has made it clear that the government should initiate action to boost consumer spending. On Thursday, in a significant development, Australia’s conservative government is on the verge of… Read More ›
Record Deliveries Pushes Up Tesla Shares In Second Quarter
The achievement by the United States based electric car maker Tesla of being able to deliver record number of electric cars in the second quarter as promised by its Chief Executive Officer Elon Musk resulted in increased confidence of investors… Read More ›
Britain’s whiskey exports to the U.S. threatened by Trump’s additional trade tariffs
U.S. President Donald Trump has threatened to impose additional tariffs on $4 billion EU goods, including on Britain’s Scotch whisky, Italy’s cheese and olives. The Scotch Whisky Association (SWA) has urged U.S. President Donald Trump to end his trade dispute… Read More ›
Relocation of FCA from Italy to Netherlands will significantly impact state revenues
Italy’s antitrust watchdog has complained that with more companies following FCA’s trail, the Italian state will see severe loss of state revenues. Italy’s national competition watchdog has stated, the decision by Fiat Chrysler Automobiles (FCA) to move its financial and… Read More ›
Coca-Cola receives permission to sell Coca-Cola Energy
The development will place Coca-Cola in direct competition with Monster Beverage. In a statement Coca-Cola Co stated, an arbitration tribunal has informed it that it could go ahead with the sale of its energy drink under the terms of the… Read More ›
The European Union and Vietnam sign landmark free trade agreement
The EU-Vietnam Free Trade Agreement (EVFTA) is “the most ambitious free trade deal ever concluded with a developing country” to date. In a landmark development, the European Union has signed a free trade deal with Vietnam, its first with a… Read More ›
Japan’s tech export curbs violate WTO rules: Seoul
Japan’s move to impose restrictions on tech exports to South Korea, is likely to impact the ability to purchase semiconductor materials, including flexible smartphone displays, by South Korean companies; the move is likely to be a reaction to South Korea’s… Read More ›