BUSINESS

US Should Cancel Tariffs as EU Meets WTO Rules on Airbus, Madrid Says

US Should Cancel Tariffs as EU Meets WTO Rules on Airbus, Madrid Says

Washington imposed levies in retaliatory trade measures for Airbus subsidies, claiming that the EU is violating World Trade Organisation (WTO)…
UK Trade Secretary Vows to Step Up Talks With US to Remove Tariffs ‘as Soon as Possible’

UK Trade Secretary Vows to Step Up Talks With US to Remove Tariffs ‘as Soon as Possible’

Negotiations between London and Washington started as the UK left the European Union, entering a transition period to conclude trade…
Borrowing Will Be Cheaper in Fall, Brits Will Be Pushed Into Spending, Financial Analyst Believes

Borrowing Will Be Cheaper in Fall, Brits Will Be Pushed Into Spending, Financial Analyst Believes

Looking forward, into the 3d Quarter of 2020, experts expect much better numbers for UK economy than in the first…
Beijing Seeks 100 TSMC Chip Staff in Bid to Boost Chinese Tech Self-Reliance in Major Trade War Move

Beijing Seeks 100 TSMC Chip Staff in Bid to Boost Chinese Tech Self-Reliance in Major Trade War Move

The move will allow mainland China to reduce dependency on US technologies, namely in materials procurement for processors used in…
EU Likely Next Battleground for ByteDance

EU Likely Next Battleground for ByteDance

As more signs emerge that TikTok, the video-sharing app developed by ByteDance, will pick Europe as the next battleground for…
As Russia Unveils World’s First COVID-19 Vaccine, How Many Others are Being Developed?

As Russia Unveils World’s First COVID-19 Vaccine, How Many Others are Being Developed?

Russia has become the first country in the world to register a COVID-19 vaccine. President Vladimir Putin said the Sputnik…
China Outpaces US With Record 133 Firms on Fortune 500 List for First Time in History Amid Trade War

China Outpaces US With Record 133 Firms on Fortune 500 List for First Time in History Amid Trade War

The listing of the world’s biggest companies saw 133 Chinese firms across the mainland, Taiwan and Hong Kong make the…
Saudi Aramco Sees Profit Decline by 50% as Coronavirus Slams Global Energy Sector

Saudi Aramco Sees Profit Decline by 50% as Coronavirus Slams Global Energy Sector

The coronavirus pandemic has seen a dramatic crisis in the energy sector as countries introduce lockdown measures and travel restrictions…
What is the Strategy Driving Saudi Arabia to Tweak the US Oil Taps?

What is the Strategy Driving Saudi Arabia to Tweak the US Oil Taps?

Previously, similar tactics by Saudi Arabia implemented in 2017 proved instrumental in draining a global crude glut and propping up…
Dollar’s Share of Russia-China Trade Falls to Record 46% Low, Hinting at New ‘Financial Alliance’

Dollar’s Share of Russia-China Trade Falls to Record 46% Low, Hinting at New ‘Financial Alliance’

The US dollar has recently been losing value against other currencies, dropping nearly 5% in July, its biggest monthly fall…
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