The July 2018, meeting between European Commission President Jean-Claude Juncker with U.S. President Donald Trump has done a lot of good, with both sides deciding to negotiate a further cutback to their respective trade tariffs. In August, for the very… Read More ›
EU
Here is why wheat prices are set to rise globally
Several of the world’s leading wheat exporters, including Australia, the European Union, Argentina, Canada, the United States, Kazakhstan, Ukraine, and Russia, are seeing their wheat crop suffer this year. The last time this happened there were food riots in Asia… Read More ›
EU woos Trump with potential import of U.S soybeans and U.S. LNG
The EU’s strategic decision to publish historic trade data is a message to Trump: let us work and trade competitively rather than fight bashful wars. Tariff-free trade can be a win-win situation for both economies. On Thursday, the European Union… Read More ›
EU law will protect EU companies operating in Iran from U.S. sanctions
Officials have ascribed the re-clamping of U.S. on Iran as being an unlawful reach beyond U.S. borders. On Tuesday, Alistair Burt, Britain’s minister of state for the Middle East, told BBC radio that it is possible to protect European companies… Read More ›
Marginal slowdown in growth noticed in EU’s fastest growing economy
The Investec Services Purchasing Managers’ Index (PMI) in Ireland fell to 57.4 from 59.5, its lowest level since March 2018. As per the results of a survey released on Friday, growth in the Ireland’s services sector have dipped slightly from… Read More ›
British auto industry will face significant disruption in case of a cliff-edge Brexit
The Society of Motor Manufacturers and Traders (SMMT) has made it amply clear to the British government that a no-Brexit deal is not an option. On Tuesday, Britain’s automobile industry group made it lucidly clear to the government that a… Read More ›
Sky TV Poll shows majority of British voters think Brexit would be bad for the country’s economy
The nationally representative sample throws light on what British voters want out of the Brexit deal. On Monday, as per the results of a Sky TV poll, 50% of British voters support a referendum for choosing between leaving the European… Read More ›
Deutsche Bank re-routes euro clearance to Frankfurt from London
Although this is largely a symbolic move, it marks a significant increase in the market share of its clearing division. On Monday, Deutsche Bank’s spokesman confirmed that it has moved a “large part” of its euro clearing activity from London… Read More ›
Reason prevails: Trump avoids opening second front in trade wars
The deal reached between Junker and Trump is likely to be the foundation for formal agreements between the EU and the US based on WTO guidelines. In a significant development, the meeting of the European Commission President Jean-Claude Juncker with… Read More ›
EU readies tariffs worth $20 billion on U.S. goods
In the event of negotiations going south, the EU has a backup plan. On Wednesday, EU trade commissioner Cecilia Malmstrom, told Swedish newspaper Dagens Nyheter that in the event the United States imposes trade tariffs on cars imported from the… Read More ›