World economy
BoE cuts rate to 0.25%, launches SME fund to offset COVID-19 effects
12 Mar 2020
BoE said the reduction in Bank Rate is aimed at boosting business and consumer confidence at a difficult time, to bolster cash flows of businesses and households, and to overcome disruptions caused by the impact of COVID-19
And now, UK health minister Nadine Dorries tests positive for COVID-19
11 Mar 2020
Dorries had attended meetings at Westminster and in her constituency, besides a reception hosted by Prime Minister Boris Johnson at Downing Street last Thursday
US Fed cuts rates by 50 bps to 1-1.25% in coronavirus fight
04 Mar 2020
Fed will reinvest principal payments from agency debt and agency mortgage-backed securities of up to $20 billion per month in treasury securities and those in excess of $20 billion per month in agency mortgage-backed securities
Rishi Sunak replaces Sajid Javid as UK finance minister
14 Feb 2020
The 39-year-old Rishi Sunak, son-in-lay of Infosys founder Narayana Murthi, is set to move into No 11 Downing Street, next door to the Prime Minister’s Office as he takes charge of the second most important government position as the finance minister
The American Dream is back for all, says President Trump
05 Feb 2020
The American Dream is back” and is “stronger than ever before – for all of US citizens, including African-Americans, Hispanic-Americans, and Asian-Americans, Trump said in his State of the Union address
China warns of faster spread of Coronavirus as toll climbs to 80
27 Jan 2020
Outside China, Canada reported its first case on Saturday while six cases were reported in Hong Kong; five each in Thailand and Macao; four in Australia; three each in South Korea, Taiwan, Singapore, Malaysia, Nepal and France; and two each in Japan, the US and Vietnam
WEF: Investor Soros flays Trump, Modi and Xi for nationalist fervor
24 Jan 2020
Speaking at the World Economic Forum in Davos, Soros said the rise of nationalism across the globe was the great enemy of open society and he blamed leaders like US President Donald Trump, China's Xi Jinping and India’s Narendra Modi for narrowing options for businesses
Queen sign Brexit Bill into law, clears way for 31 January exit from EU
24 Jan 2020
The Brexit deal protects the rights of EU citizens, makes special trading arrangements for the British province of Northern Ireland, and settles the UK's EU debts, but leaves UK-EU ties largely the same while both sides try to agree a new trading and security partnership
China seals off Wuhan in stepped-up battle against Coronavirus
23 Jan 2020
State television reported 571 confirmed infections, most of them in Wuhan and the surrounding province of Hubei, while cases have appeared elsewhere in China and countries, including Thailand, South Korea and the United States
Russian PM Dmitry Medvedev, govt resign under new Putin plan
16 Jan 2020
Media speculates that with the changes in the constitution and loyalists in key positions, President Putin is planning a comeback as Prime Minister, with more powers after the 2024 elections, circumventing or scrapping rule entirely as his fourth term in office ends
US, China sign Phase 1 trade deal
16 Jan 2020
The partial trade deal, under which China will purchase American goods and services worth at least $200 billion and frees Chinese-made cellphones, toys and laptop computers from new tariffs while halving the tariff rate to 7.5 per cent on about $120 billion worth of other goods, however, leaves the larger part of the deal to a “re-elected” President Trump
Britain set to exit EU on 31 Jan as lawmakers approve Brexit deal
10 Jan 2020
Brexit won’t end Johnson’s problems, rather it would only help start fresh negotiations on Britain’s future relationship with the EU, which may extend well beyond the year or leave Britain with a no-deal exit
British PM Boris Johnson wins parliament vote for Brexit deal
26 Dec 2019
Once the bill is passed into law, the prime minister will have to face talks to secure a trade deal with the bloc and ensure that the talks conclude by the end of next year - another target date
US President Trump impeached for abuse of power, obstructing Congress
19 Dec 2019
While the initiation of impeachment procedure is one of the most shameful episodes for an elected president, House Republicans are sure that the President did absolutely nothing wrong and that he will come out of the “entire sham impeachment” unscathed
US, China announce partial trade deal
16 Dec 2019
US will halve its 15 per cent tariff on nearly $120 billion in Chinese goods in return for China importing at least $200 billion worth of additional US goods and services over the next two years
PM Johnson’s Conservative party sweeps UK snap polls
13 Dec 2019
By 6:30am (06:30 GMT) today, with results in five seats still to be declared, the Conservatives have already secured 361 of the 650 seats in the House of Commons
China to phase out foreign computers, software in 3 years
10 Dec 2019
This is the first reaction from Beijing limiting China’s use of foreign technology and increasing its reliance on domestic technology after the US ban on Huawei
Finland gets its youngest-ever prime minister, Sanna Marin, 34
09 Dec 2019
The new ministry will formally take charge later tomorrow after President Sauli Niinisto appoints the new government on Tuesday
US threatens 100% tariffs on French Champagne over digital tax
03 Dec 2019
France’s 3 per cent levy on revenue from digital services earned by firms with more than 25 million euros ($27.86 million) in French revenue and 750 million euros worldwide, was imposed after months of negotiations, but President Trump has not officially approved it
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