On Wednesday evening Joe Biden and Xi Jinping concluded their first phone call. The move might be described as breaking the ice, given the previous administration of Donald Trump and Mike Pompeo opted for all-out confrontation. Yet, the content of the call was hardly more amicable. The President stated that …
Read More »Biden’s China policy is a ‘diet coke’ version of Trump’s trade & tech war sledgehammer
On Wednesday evening Joe Biden and Xi Jinping concluded their first phone call. The move might be described as breaking the ice, given the previous administration of Donald Trump and Mike Pompeo opted for all-out confrontation. Yet, the content of the call was hardly more amicable. The President stated that …
Read More »Europe & UK betting big on India, with mega trade deals on the way
According to the Economic Times, citing its sources, they plan to further deepen bilateral trade and investment relationship through a series of regular engagements, aiming at quick deliverables for businesses in these tough times. People familiar with the matter said that Europe will be a key focus for India in …
Read More »China’s trade turnover with Central and Eastern Europe tops $100 billion despite pandemic-hit 2020
The year-on-year growth of 8.4 percent to $103.45 billion was faster than China’s annual trade turnover with Europe as a whole, and faster than the country’s yearly foreign trade growth rate for the year, spokesman Gao Feng said. China’s trade volume with Central and Eastern European states has seen a …
Read More »Robinhood narrows trade restrictions list to 8 companies, including GameStop
Companies that still face limitations include GameStop, AMC Entertainment Holdings, Blackberry, and others, Robinhood said, noting that the limits may be “subject to change throughout the day.” Opening new positions in those securities is limited, according to its website, which lists the maximum number of shares and options contracts each …
Read More »‘Vital to resist vaccine nationalism’: UK trade minister says EU has reassured jabs will not be stopped at border
The UK government is “pleased that the EU admitted that the Article 16 invocation” was “a mistake and they are now not proceeding with that,” Truss said on Sky News’ ‘Sophie Ridge on Sunday’. It’s vital we work together, it’s vital we keep borders open and we resist vaccine nationalism. …
Read More »Argentina’s leader says ‘trade war’ unleashed against Sputnik V as country starts immunization campaign with Russian vaccine
Competitors are eager to “discredit each other,” Fernandez told TV Publica in an interview broadcasted on Monday, adding that the coronavirus vaccine market is worth “tens of billions of dollars.” “A trade war has been unleashed and, as everyone hopes for a vaccine, there is a geopolitical debate about who …
Read More »China’s economy predicted to outgrow US’ by 2028 – ironically, Trump’s trade war & Covid response only speed that process up
A recent study by a Britishthink tank, the Centre for Economics and Business Research (CEBR), states that China will surpass the US to become the world’s largest economy by 2028. The report, not the only one of its kind making this forecast, had revised its projection forwards by five years, attributing …
Read More »British pound hits 2-year high after historic post-Brexit trade deal with EU
Sterling rose more than 0.8 percent, to around $1.3560, after the agreement was announced. It also climbed against the euro to just above €1.11. Earlier this month, the currency breached a 2020 high of $1.3624, a level it hadn’t reached since May 2018. The FTSE 100 also finished the day …
Read More »Never mind the nitpickers – Britain came out on top in the £660bn Brexit trade deal, winning hands down on areas that matter most
In the aftermath of the battle for a fair Brexit trade deal, there will be plenty of argument over who came out on top, but having spent 10 years in the boiler room of the campaign to extricate Britain from its membership of the European Union, my view is that …
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