After the United States President Donald Trump said that he will give fresh tariffs to China, Beijing prepares to retaliate. Donald Trump said on August 1st that he will add 10% tariffs on a $300 million worth of Chinese goods. Trump added that the new tariffs could go beyond 25% and will be imposed on …
Chinese Government Retaliates to Trump’s Tariffs | Wibest Read More »
Representatives from the United States and China are resuming trade talks regarding the prolonged tariff dispute between the two. The US officials personally traveled to Shanghai, China to meet Chinese representatives. The decision to fly to China came after a positive trade talk over the phone by the representatives. The delegates from the United States …
The United Kingdom’s new Prime Minister, Boris Johnson, will press the European Union in the coming weeks for a better Brexit deal. According to a report, his office said that even though he will push the bloc, he is also preparing in case he fails. Impending fears of a harsh Brexit scenario further weighed on …
According to DBS CEO Piyush Gupta, the massive Hong Kong demonstrations do not cause any “big movement of money” to Singapore. This statement comes after suggestions surfaced, saying that Singapore is benefitting from the ongoing protests in Hong Kong. Singapore and Hong Kong are two countries competing for being Asia’s top financial center. Now, with …
Negotiators from the United States and China will meet again in China this week. The talk will resume after a three-month hiatus in Shanghai, China. Expectations for an agreeable negotiation have faltered after months of hoping. Representatives of the United States are scheduled to have the two-day talk starting on July 30 (Tuesday). Last month, …
The United States and China Resume Negotiations on Tuesday Read More »
The European Central Bank (ECB) hints about preparations for interest rate cuts. The bank also signals to deliver a highly accommodative monetary policy. The monetary policy will likely be a part of purchasing additional assets. The decision is an effort to push the sluggish inflation of the Eurozone toward its target. Traders and investors in …
ECB’s Mario Draghi Signals Preparation to Cut Rates Read More »
The International Monetary Fund or IMF finally approves the last tranche for Egypt’s economic reform program. The global money lender will release the $2 billion package after seeing the country’s improvement. Egyptian officials and the IMF settled a loan on November 11, 2016, as a part of the country’s attempt to revive the economy. The …
IMF Approves Egypt’s final $2 Billion Tranche | Wibest Read More »
Conservative Party hopeful, Boris Johnson, wins the race for the British Prime Minister election on Tuesday. The Brexit campaigner will take his post on Wednesday. Johnson effortlessly topped over his rival Jeremy Hunt in voting. With a staggering 92,153 votes from members of the Conservative party, Johnson easily bagged the win. He acquired two-thirds of …
Heightening global trade tensions seems to be in trend as the United States and China trade dispute continues to loom. And in the east, two Asian economic giants are giving tit-for-tat tariffs – South Korea and Japan. Tariffs have seemed to be hot in political and trade playbooks. Trade tensions between both countries have escalated …
South Korea’s Economic Growth at Risk Due to Export Curbs Read More »
Former Maldives President Abdullah Yameen Abdul Gayoon pleaded not guilty for charges of money laundering. The Maldivian Police files the cases of grand corruption, money laundering, and theft. Yameen was the 6th president of the Maldives, famous for pulling the Maldives closer to China. Gayoon served the island country from 2013 to 2018 and left …
Former Maldives President’s Corruption Scandal Trial Read More »
With the Trump administration preparing for re-election in the upcoming 2020 race, the United States and China trade talks struggle to come through. Just this week, United States President Donald Trump expressed his sentiments on Twitter. The US President said that the slowing economic growth of China is evidence that it is losing the trade …
The United States and China Struggle to Negotiate Read More »
The International Monetary Fund or IMF has released the 2019 annual external report on Wednesday in Washington, D.C.; the reported was titled “The Dynamics of External Adjustment.” The IMF report warns about the detrimental effects that come along with the geopolitical disputes in trades. The data displayed a 3% deficiency in the world’s gross domestic …
IMF – Trade Tensions Help World Economy Slowdown Read More »
In a press release by the International Monetary Fund’s Communications Department, incumbent IMF director Christine Lagarde announces her resignation. Christine Lagarde recently received a nomination by the European Council to be the new head of the European Central Bank. Following her nomination, the IMF director immediately said that she will step aside from her position …
The United States’ Trump administration is suggesting a new policy for season farmers and agricultural workers in the US. The US government claims that the proposal will help make visa applications for employers easier. The US Department of Labor announced the proposal on their recent statement. United States President Donald Trump has made attempts to …
The candidate for British Prime Minister, Boris Johnson, said that he pledges to give support to farmers and the agricultural sector in case of a no-deal Brexit break. The British politician reportedly released an opinion in a leadership campaign event. He said he will do his part if Europe decides to enforce tariffs on agricultural …
British Prime Minister Candidate Vows to Aid Farmers Read More »
