Indonesian authorities are currently holding consultations with officials from the central bank and representatives of the mining sector. “Our exports have gone to transit countries because they have better gold trading systems, either in the form of bullion banks or better bourses than ours,” Lutfi said as quoted by Bloomberg. …
Read More »Britain agrees broad terms of post-Brexit trade agreement with Australia
The terms of the deal were struck on Monday night, after UK Prime Minister Boris Johnson and Australian Prime Minister Scott Morrison had dinner at Downing Street, a spokesperson for the Department for International Trade confirmed to British media. The pact marks the first agreement negotiated from scratch since the …
Read More »Russia-China trade turnover soars nearly 25% since beginning of 2021
According to the data, the total volume of trade between the two countries during the period amounted to $50.65 billion, marking year-on-year growth of 23.6%. In May alone, Russia-China trade turnover reached $10.449 billion. Exports of Chinese goods to Russia increased by 35.3% to $22.921 billion, while imports of Russian …
Read More »Trade with China is key to Europe’s economic recovery, so why is the EU harming that trade with pointless political posturing?
Last week the European Commissioners announced a legislative proposal to make EU foreign-investment rules more stringent and address the alleged trade harm from foreign subsidies. The move, which Commissioner for the Internal Market Thierry Breton has claimed would ensure that “no one can undermine the level playing field and Europe’s …
Read More »‘I wear your scorn with pride’: Ted Cruz & Trevor Noah trade insults in New York vs. Texas debate, Jon Stewart jumps in
Noah addressed recent news that census results showed New York was 89 people short of keeping one of its 27 seats in the House of Representatives and that Texas had earned two more thanks to an influx of new residents migrating to the red state. The comedian used the segment …
Read More »Parents want kids to ditch degrees & learn a trade. They’re right, universities teach nothing except how to be woke
If you can lay bricks or cut hair, you’ll always be able to work, so long as buildings keep going up and hair keeps growing. Youngsters shouldn’t rule out being an undertaker either. Death is the one certainty of life. Plumber. Carpenter. Electrician. Roofer. Brewer. Welder. Scaffolder. Fisherman. Butcher. The …
Read More »A leak from a Wuhan lab or a US military one? As the US and China trade barbs over Covid’s origin, the world waits for answers
How did Covid-19 originate? Where did it come from? We’ll probably never know, the World Health Organization (WHO) has said, in a much-anticipated report following a field trip to Wuhan, China, where the virus first presented itself to the world just over a year ago. The study, carried out by …
Read More »UK engages in ‘perverse nationalism’ for seeking trade deal with US without EU, Ireland foreign affairs minister says
“This idea that Britain can get there first is narrow minded thinking, frankly,” Coveney told the Times in an interview on Saturday. “It’s a perverse nationalism when actually Britain and the EU should work together as partners,” he declared. Moreover, Coveney criticised the UK’s delay in performing agreed-to checks on …
Read More »Russian focus on de-dollarization means international trade increasingly conducted in national currencies, top MP Volodin says
That’s according to State Duma Speaker Vyacheslav Volodin, who noted that trade is being gradually transitioned away from the traditionally favored reserve currencies towards the domestic denominations of the countries involved in bilateral deals. “Russia is consistently moving away from dependence on the dollar,” he said, noting specific examples of …
Read More »China outpaces US as Europe’s largest trade partner in 2020
According to the data published by the European Union’s statistics office, Eurostat, the 27-nation bloc’s imports from China hit €383.5 billion ($465.6 billion) in 2020, increasing by 5.6 percent year-on-year. Exports were up 2.2 percent to reach €202.5 billion ($245.9 billion). At the same time, trade with the US – …
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