British and U.S. officials have kicked off a two-day event aimed at strengthening trade in a move that underscores greater transatlantic cooperation. The development comes at a time when Western countries are increasing pressure on Russia over its move to… Read More ›
pressure
More trade action will be taken against Huawei if needed: U.S. Commerce Secretary Gina Raimondo
In a statement U.S. Commerce Secretary Gina Raimondo said, if necessary the Biden Administration will take further action against China’s Huawei. Washington continues to see the Chinese tech company as a national security threat on a variety of grounds and… Read More ›
China’s irrational unilateral trade behavior against Taiwan casts shadow on its application to join CPTPP
Taiwan has threatened to drag China to the World Trade Organization following a statement from Beijing saying it would suspend the import of sugar apple and wax apple citing pest concerns. The move marks the latest spat between Democratic Taiwan… Read More ›
Washington will stand with Southeast Asian Countries against Chinese pressure: U.S. Secretary of State Antony Blinken
In a statement, U.S. Secretary of State Antony Blinken, the United States has rejected China’s maritime claims in the South China Sea beyond what it is permitted under international law; the move marks the first time the Bidden Administration resisted… Read More ›
China weaponising visas: Foreign Correspondents Club of China
In a report, the Foreign Correspondents Club of China stated, the Chinese government has “weaponised” the issuance of visas as part of a stepped-up campaign to apply pressure on foreign journalists operating in the country. In February, China revoked the… Read More ›
Oil traders pour funds into green initiatives in search of sustainable business model
With oil traders seeking to match profits they make from trading oil from climate friendly projects, they are pouring hundreds of millions of dollars into such projects which include wind farms, blue hydrogen and cow manure plants. As a result… Read More ›
U.S. trade action on China hits home – Renminbi falls to new low
As a result of the Renminbi breaching this threshold, the Chinese will have to shell out a lot more to service their debt especially if they want to boost exports. This is even more important given Beijing’s holding of the… Read More ›
Casino operator Caesars Entertainment Corp appoints Anthony Rodio as its CEO
The development comes at a time when Caesars Entertainment has come under increasing pressure from activist investor Carl Icahn. On Tuesday, U.S. casino operator Caesars Entertainment Corp, which has been under pressure from activist investor Carl Icahn to sell itself,… Read More ›
Swiss freight forwarder DSV A/S to acquire Panalpina for $4.62 billion
The development marks the end of a more than two month takeover battle designed to build scale in the consolidating transport sector. On Monday, Swiss freight forwarder DSV A/S disclosed, it will be acquiring Panalpina in a $4.62 billion (4.6… Read More ›
MiFID II increasing pressure on margins on mid-to-small brokerages
Although regulators introduced MiFID II in order to bring about increased transparency and ensure that investors get a fairer deal, but with the reduced cost of market research, the market dominance by large financial institution is quickly becoming an issue…. Read More ›