In a statement the US Securities and Exchange Commission said its Division of Corporation Finance has told companies to disclose the impact of Russia’s invasion of Ukraine on their business, including nationalization of assets. In a guidance posted on its website, the… Read More ›
challenges
Mercedes-Benz gains lead in India with domestic assembling while Tesla continues to work on challenges
In a tweet Tesla’s CEO Elon Musk said, it is “still working through a lot of challenges with the government” in India, in response to a question on a potential launch date for its electric cars in the country. Last… Read More ›
US EU to issue robust statement on China
The United States and the European Union are scheduled to issue a “robust” joint statement after emerging from a meeting on Thursday on their approach to China underscoring a convergence on the challenges posed by Beijing, said a senior U.S…. Read More ›
UK should flip business tax on its head: Confederation of British Industry
In a statement the Confederation of British Industry has urged British finance minister Rishi Sunak to not raise taxes and instead offer assistance to meet challenges stemming from COVID-19, climate change and Brexit. Sunak is scheduled to make major budget… Read More ›
G7 agrees to coordinate approach on China more closely
Following the G7 summit in Britain, Canadian Prime Minister Justin Trudeau said, leaders of the Group of Seven agreed to coordinate more closely in their response to the challenges posed by China. The approach of G7 countries towards China will… Read More ›
Rishi Sunak to unveil record spending for fighting pandemic induced economic blues
In a development that highlights the challenges facing Britain, the country’s finance minister Rishi Sunak has borrowed a record $285 billion (215 billion pounds) in the first seven months of this financial year as he prepares his war chest to… Read More ›
China facing unprecedented economic challenges: China’s assistant commerce minister
On Friday, China’s assistant commerce minister Ren Hongbin told reporters, Beijing is facing unprecedented challenges because of the coronavirus pandemic that has spread across the globe to more than 200 countries. At a news briefing, Ren Hongbin said, following a… Read More ›
Washington and Beijing to collaborate in G20 summit: South China Morning Post
In a report, the South China Morning Post said, the United States and China are expected to set aside their differences and focus on the challenges of controlling and stopping the pandemic when leaders of the G20 nations hold talks… Read More ›
Earnings of U.S. airlines primed to take off in the first quarter: trade body
Airlines for America (A4A) has forecast nearly a doubling of passengers carried by U.S. airlines this spring. According to a forecast by a U.S. airlines industry trade group, starting this spring the sector is set to carry an all-time high… Read More ›
Trump’s new national security strategy identifies China as its main competitor
China’s trade practices, especially its over production and dumping policy, which has increasingly drawn flak across major economies including the EU, India and U.S., is likely to face further hurdles and heightened scrutiny. On Monday, with U.S. President Donald Trump… Read More ›