Qatar has accused Saudi Arabia of not taking actions against the piracy of one of its broadcaster’s content in the Kingdom. As per a statement from Qatar’s economy ministry, proceedings against Saudi Arabia at the World Trade Organization (WTO) have… Read More ›
Regulations & Legal
USMCA spares Canada and Mexico from Trump’s potential 25% auto tariffs
If Trump acted on his threat to impose 25% tariffs on global automobiles exported to the United States, subject to a quota regime, auto exports from Canada and Mexico would be largely exempted from this potential threat. According to a… Read More ›
Eurosceptic lawmaker Jacob Rees-Mogg May’s Brexit plan will be rejected by Britain and the EU
While British lawmaker Jacob Rees-Mogg heaped negativity on British Prime Minister’s Brexit plan, the only alternative he cited was a no-deal exit whose economic consequences he failed to spell out. Britain’s Eurosceptic lawmaker Jacob Rees-Mogg said, neither the European Union… Read More ›
China to cut import tariffs on wide range of products
Faced with an escalating trade war with its biggest trading partner, the United States, these steps are aimed at boosting its competitiveness. According to a statement from China’s ministry of finance, Beijing will slash import duties on products, including textiles… Read More ›
China widens income tax exemptions for foreign firms
While this exemption was available to foreign firms earlier, it focused on only on specific sectors. With this strategic move, Beijing has covered all sectors, other than the prohibited ones, and to top it has made the provision applicable retrospectively… Read More ›
Trump to sign USMCA in November
The new trade deal will be called United States-Mexico-Canada Agreement (USMCA). According to a senior U.S. official, the United States intends to sign a new trade agreement with Mexico and Canada at the end of November 2018. The signing will… Read More ›
Tesla’s Musk Ready To Fight SEC Charges, But Also Ready To Settle: Reports
According to reports in the media quoting sources, a settlement with the SEC can be made by Tesla Inc’s Elon Musk in relation to the case filed by the US regulator charging Musk of committing fraud in reference to his… Read More ›
Australian Banking Industry Misconduct Driven By Greed: Royal Commission
An inquiry into Australian banking system has concluded that a culture of greed is driving incidents of abuse and misconduct in Australia’s banks and financial institutions. Widespread wrongdoing in the banking industry has been exposed by a royal commission this… Read More ›
Firms Selling Cryptocurrency Mining Equipment Wants To Go Public
Three top developers of cryptocurrency technology are reportedly in the hope of raising billions of dollars by selling shares and thereby offering investors a new method to bet on digital currencies. Cryptocurrencies are based on computer code in stark contrast… Read More ›
Britain’s Competition and Markets Authority to probe super complaint against consumers ‘rip off’
Britain’s Citizens Advice has lodged a super complaint against the country’s financial and telecom providers saying existing customers were being overcharged yearly to the tune of $5.2 billion. Following a complaint by Britain’s consumer body Citizens Advice that customers who… Read More ›