World economy
IMF backs Trump’s claim of `overvalued’ dollar, amidst trade tensions
18 Jul 2019
The IMF’s External Sector Report said the euro's real effective exchange rate was 8 per cent to 18 per cent too low for Germany's fundamentals while China's yuan showed wide divergences from an 11.5 per cent undervaluation to an 8.5 per cent overvaluation due to uncertainties over Beijing's policy outlook
Chinese companies to build 100-km Tallinn-Helsinki train tunnel
12 Jul 2019
The $16.8 billion project, once completed, would help cut down travel time between the two capitals to 20 minutes from the 3-hour ferry ride at present and give a big boost to China’s Belt and Road initiative
Indonesia to build 7-km bridge linking islands near Singapore
11 Jul 2019
President Joko Widodo’s plan is to market Batam, an island closer to Singapore’s Changi airport and the only free trade zone in Indonesia, to investors looking to relocate factories out of China amid a raging trade war between Beijing and Washington
US House passes bill to lift 7% country cap on Green Card
11 Jul 2019
Indian professionals, being larger in numbers, have a waiting period is more than 10 years and this may go up to 70 years for those on the H1-B visa, as per some recent studies
Ghana to host African Continental Free Trade Association
08 Jul 2019
Leaders at the African Union summit in Niger announced the launch of the 55-nation trade bloc that would bring together 1.3 billion people and create a $3.4 trillion economic powerhouse
Trump lifts ban on Huawei sales, but keeps it in negative list
01 Jul 2019
Addressing a press conference on the sidelines of the G20 summit in Osaka, Japan, US President Donald Trump said the lifting the ban on Huawei would be part of a larger trade deal with China
PM stresses states’ role in India’s march towards $5 trillon economy
17 Jun 2019
He said a thrust on export promotion at the state level will provide a boost to both income and employment
G20: India seeks reciprocal market access for its products
10 Jun 2019
Commerce and industry minister attending the G20 Ministerial Meeting on Trade and Investment and Digital Economy in Japan held bilateral meetings with a number of countries on the sidelines of the main event
China hints at halting rare earth exports to US
30 May 2019
China accounted for at least 71 per cent of mined output of rare earths last year, and an even higher percentage of processed rare earth compounds, while the US sourced 80 per cent of its rare earth imports from China from 2014 to 2017, according to US statistics
Theresa May resigns as British Prime Minister
24 May 2019
May’s departure will deepen the Brexit crisis as a new leader is likely to want a more decisive split, raising the chances of a confrontation with the EU and possibly a snap parliamentary election
Joko Widodo re-elected as Indonesian president
21 May 2019
The result was released a day ahead of schedule in the early hours today, amid fears of violent unrest after rival candidate Prabowo Subianto, 67, had alleged "widespread cheating" and warned of potential street protests
China warns retaliation as US bans Huawei
17 May 2019
The Bureau of Industry and Security (BIS) of the US Department of Commerce has followed up President Trump’s executive order by adding Huawei Technologies Co and its affiliates to the Bureau’s (banned) Entity List
Trump declares national emergency over threats to US telecom
16 May 2019
The order does not name specific countries or companies but appears to target Chinese tech giant Huawei, the world's biggest supplier of network gear used by phone and internet companies