Enforceability is going to be critical to any potential future trade deal. U.S. President Donald Trump disclosed, the United States was doing well in trade talks with China and that Beijing wants to make a deal with Washington. “China would… Read More ›
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Countries who artificially undervalue currency could see hike in U.S. tariffs
Chinese exports to the United States could face additional hike in tariffs from this proposed new rule by the U.S. Commerce Department. In a significant development the U.S. Commerce Department stated it proposes to impose anti-subsidy duties on products from… Read More ›
Germany’s Delivery Hero invests in biodegradable packaging manufacturer Bio-Lutions
Companies and governments around the globe are moving to mitigate the menace of plastic waste. In a significant development, German food delivery company Delivery Hero announced it has invested in biodegradable packaging manufacturer Bio-Lutions. The move comes midst companies and… Read More ›
Trade deals only for those who are signatory to Paris climate accord: Nathalie Loiseau
Nathalie Loiseau quit her job as European affairs minister and is running for the European Parliament. On Thursday, Nathalie Loiseau, the leader of French President Emmanuel Macron’s European election campaign, stated she opposes trade deals with countries who are not… Read More ›
Viacom and AT&T renew carriage contract, avoids blackout of DirectTV
AT&T, Viacom’s largest distributor, opined that Viacom’s channels are no longer as popular as they once were; AT&T was responsible for 15% of Viacom’s 2018 revenues. Although the terms of the deal have been disclosed, it would not be very… Read More ›
Success of U.S.-China trade talks will hinge on verification and effective enforcement on pledges
During earlier negotiations, although Beijing has made wide ranging commitments, it has taken its own sweet time, at times more than a decade, to implement its pledges. Unless China walks the talk, negotiations are unlikely to be fruitful. China’s pledges… Read More ›
Chinese-born German engineer caught in industrial espionage
In 2017, China passed the National Intelligence Law which places a duty on all its citizens to act as “intelligence organs” of the state security and support the national intelligence network. In a development that underscores growing concerns among German… Read More ›
Exxon Mobile Corp eyeing multi-billion upgrade of its Singapore refinery
The potential development comes ahead of the introduction of global shipping fuel rules, set to be introduced in 2020, which see sulphur component in marine fuel dip to 0.5% from 3.5%. According to a senior executive from Exxon Mobil Corp,… 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 ›
PepsiCo acquires Sodastream for $3.2 billion
The deal sees snack and beverage giant PepsiCo acquiring countertop carbonated water machine maker SodaStream for $3.2 billion. It underscores PepsiCo’s push to add healthier products to its portfolio and move to a more environmentally friendly agenda. On Monday, New… Read More ›