In a significant development, the Polish Parliament voted in favour of a bill that will replace a contested disciplinary chamber for judges with a new body; the development clears the way for Poland to tap billions of euros from the… Read More ›
dispute
China not complying with intellectual property rights, EU launches WTO complaint
In a significant development the European Union has filed a complaint with the World Trade Organization against China saying that Chinese courts were preventing European companies from protecting their telecom technology patents. The European Commission filed the challenge on behalf… Read More ›
Canada to join UK, US, Australia, EU in WTO trade dispute over Lithuania
Canada aims to join the the United States, the United Kingdom, and Australia in the European Union’s dispute with China at the World Trade Organization over Beijing’s alleged trade curbs on Lithuania. “Canada is concerned by China’s recent trade actions… Read More ›
Credit Suisse settles allegations of spying with former banker Iqbal Khan
In a statement, a spokesperson for Swiss banking giant Credit Suisse said, the bank has reached an out-of-court settlement with former star banker Iqbal Khan over allegations of spying that led to the resignation of its CEO Tidjane Thiam. “Everybody involved… Read More ›
Looking forward to resolve aircraft subsidies dispute with Europe: USTR’s office
In a statement the U.S. Trade Representative’s office said, it is looking forward to working with European allies to resolve a dispute over aircraft subsidies. “We know there is great interest in resolving the Boeing-Airbus dispute on both sides of… Read More ›
Italian broadcaster Mediaset presses ahead with plan to create pan-European TV champion
On Monday, the CEO of Italian broadcaster Mediaset stated, it plans on creating a pan-European TV champion regardless of whether it can strike a deal to settle a dispute with its second-largest shareholder Vivendi. “We want to go ahead with… Read More ›
U.S. auto parts maker Garrett Motion Inc files for Chapter 11 bankruptcy
In a statement, U.S. auto parts maker Garrett Motion Inc said, it has filed for Chapter 11 bankruptcy protection, as its struggles with its heavy debt due to a payment settlement dispute with its former parent Honeywell International Inc. In… Read More ›
BMW takes steps to mitigate escalating U.S.-China trade war
BMW’s strategic decision comes in the wake of U.S. President Donald Trump raising the stakes for China in the trade war by saying he is willing to slap tariffs on Chinese exports to the U.S. worth $200 billion. BMW’s Chief… Read More ›
Cliffhanger Brexit will have deep impact for select sectors: WTO’s Director-General
The British parliament’s decision on April 12 will be is a milestone that Brexit watchers will be looking at very keenly. According to Roberto Azevedo, Director-General of the World Trade Organisation (WTO), if the United Kingdom were to leave the… Read More ›
China records highest trade surplus with U.S. since 2006
China’s trade surplus with the United States grew by 11.3% from the previous year. Customs data released on Monday shows, China recorded its biggest trade surplus with the United States which touched $323.32 billion – its highest since 2006. In… Read More ›
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