The EU’s Energy Price Cap Will Not Succeed After months of wrangling, EU energy ministers finally agreed on the first-ever gas price cap, which is set to go into effect in February. The measure’s goal is to alleviate the crisis that has engulfed Europe over the last year as a result of unprecedented increases in …
Advantages of Decentralized Crypto Currency The information revolution is about to begin throughout the world. What does this mean for cryptocurrency industry? Transmitting information is becoming more than just a means of communication; it is also a way to transmit and measure wealth and worth. Money is no longer the sole realm of banks; anyone …
Renewable power prices in major global markets sharply climbed as companies turned to green energy, a hedge against rising fossil-fuel costs. Accordingly, LevelTen Energy, the operator of the world’s most significant power-purchase agreement (PPA) marketplace, reported a considerable upturn. It revealed that wind and solar power contracts skyrocketed by 28.50% year-over-year in North America. Likewise, …
The Trade minister of South Korea called on the United States on Friday to begin talks to revise the Section 232 tariff rules on South Korea’s steel exports. Several years ago, the U.S. removed tariffs on South Korean steel products, but it was in return for a yearly import quota of 2.63 million tons of …
U.S Tariffs on Steel and Aluminum Affected South Korea Read More »
The world’s largest trade deal will come into force in January of 2022. It comes as Australia, as well as New Zealand, ratified the agreement. On Tuesday, Australia released a statement regarding the trade deal. It said that its ratification together with New Zealand’s paved the way for the trade deal to enter into force …
How the Largest Trade Deal Will Transform the World Read More »
China’s commerce ministry announced that the country has applied to enter the CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership). Remarkably, the country looks to boost its clout in trade. The Chinese ministry, Damien O’Connor, reported that commerce Minister Wang Wentao submitted the country’s application to join the free trade agreement in a letter to …
China applies to enter a trans-Pacific trade deal Read More »
A country that enjoys net exports brings in more revenues from products sold abroad than it spends on total imports. As a reminder, net exports are a measure of a country’s total trade. The formula for calculating net exports is quite simple: The value of a country’s total export goods and services minus the value …
China, a fast-growing wine market, plans to turn its primary wine-producing region of Ningxia into a center of top-quality wine production. It also plans to compete with international brands and boost the local economy. The latest news revealed that the Asian giant aims to turn Ningxia into one that rivals France’s Bordeaux. A plan, which …
China aims to turn Ningxia into France’s Bordeaux rival Read More »
On June 15, the U.K. and Australia announced a free trade deal. The British government hailed it as an essential step in building new trade relationships following its exit from the E.U. According to the U.K. government, the free trade agreement suggests it will cost less for British businesses to sell products such as cars, …
A contract for a five-year ceasefire in a U.S. and E.U. debate over aircraft support on Tuesday had achieved progress. However, the underlying trade relationship remains delicate, with many unresolved conflicts, diplomats and trade experts stated. The two economic powers allowed to set aside tariffs on $11.5 billion in U.S. and E.U. goods run during …
China will increase its management of commodity supply and demand to control “unreasonable” rises in prices and block them from being passed on to consumers. The country’s cabinet stated on Wednesday as it forced coal producers to increase output. As stated by a State Council executive meeting on Wednesday, China will break down on monopolistic …
The European Union and the United States are to begin talks to discuss the steel tariffs forced by President Donald Trump. In a shared statement Monday, the U.S. and European trade representatives stated they were attending to find answers before the end of the year that will mark the overcapacity in the steel sector. This …
EU and U.S. starting talks on ending steel tariffs Read More »
China has the second-largest economy in the world and many people may think that its economy outperformed other economies. However, the situation is more complicated as Vietnam is likely the top-performing economy in 2020. People should take into consideration that, not every Asian economy reported a fourth-quarter as well as full economic numbers. Based on …
It was a tough day for stocks in the region. Importantly, stocks in Asia-Pacific were lower on Tuesday as concerns regarding a coronavirus surge in multiple countries affected optimism over the vaccine rollout in the U.S. Let’s have a look at the stocks on December 15 across Asia-Pacific to learn more about the situation. …
The trade war between the U.S. and China is one of the most famous trade conflicts in the modern world. However, there are other important conflicts well. For example, the trade conflict between the U.S. and the European Union (EU). However, the U.K. wants to de-escalate a damaging international trade conflict. It is worth mentioning …
U.K. Wants to Solve an International Trade Conflict Read More »
