In a trade deal that is backed by China but excludes the United States, world’s largest free trade bloc was created by fifteen Asia-Pacific economies on Sunday. The US had left a rival Asia-Pacific grouping under President Donald Trump in 2017. This new trade deal which is known as the Regional Comprehensive Economic Partnership (RCEP)…
A special license was granted to Qualcomm Inc on Friday by the United States government allowing the company to now sell 4G mobile phone chips to China’s Huawei Technologies Co Ltd in what is an exemption to trade restrictions imposed by the Trump administration on the Chinese firm as trade and geopolitical tensions increase between…
The British luxury brand Burberry will be robbed of its “home market advantage” on the eve of Brexit if the British government does scrap tax-free shopping because the wealthy international tourists mainly choose to holiday in mainland Europe rather than in the United Kingdom. Those foreign tourists who traditionally accounted more than half of its…
The global economy could lose out on trillions of dollars because countries and governments are yet to get together to draw a consensus about how to safely restart travel in the midst of the novel coronavirus pandemic, said the chief executive of Dubai Airports. “We don’t have an agreed testing procedure for a reliable, accurate…
Chinese telecom and smartphone maker Huawei reported a drop in its sales growth following the tightening of restrictions against the Chinese tech company by the United States which has cut off the company’s access from the key technologies to a much greater extent. In the first nine months of 2020 it generated 671.3 billion yuan…
Concession in its $2.1 billion acquisition of Fitbit will be given by Alphabet’s Google with the aim of appeasing the antitrust regulators of the European Union and ally its concerns, claimed a report published by Reuters citing information from sources familiar with the . According to sources, with these concessions, the deal is well set…
The United States government has paused the clinical trial being conducted by Eli Lilly and Co because of safety concerns, the company said. The trial was for an antibody treatment of Covid-19, the one taken by US President Donald Trump, and is being sponsored by the US government. In a video posted by Trump last…
According to analysts, the efforts of Nvidia to purchase United Kingdom based chipmaker Arm from SoftBank for $40 billion could face a major barrier from regulators in China. The two companies had announced the deal in September beginning. It is expected that if the deal gets through it would create the largest chip company in…
Negotiations for a Brexit trade agreement between the United Kingdom and the European Union essentially “over”, said Downing Street. Unless there was willingness on the part of the EU to to discuss the detailed legal text of a partnership, there was “no point” in discussions continuing next week, No 10 said. No. 10 is the…
Federal investigative agencies in India have been requested by Indian entrepreneur BR Shetty to investigate two former top executives of his companies and two Indian banks in relation to a financial scandal engulfing his group that could run into millions of dollars. Shetty filed a complaint with the agencies in relation to investigating a number…
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