World economy
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
Russia opens natural gas pipeline to China
03 Dec 2019
Hit by Western financial sanctions over its 2014 annexation of Ukraine’s Crimea, Russia, one of the largest exporters of natural gas, is shifting market focus to the East
Myanmar’s democracy icon Suu Kyi now fights genocide trial
03 Dec 2019
Despite the accusations by vested interests overseas, Suu Kyi still enjoys overwhelming support at home, where her image is undented by accusations of complicity in atrocities
US govt agency lures Indian students to fake university, arrests them
29 Nov 2019
The US federal agency has confirmed that it used the trap to arrest about 250 students between January and July this year, even as federal prosecutors put the onus on students saying they should have known the university was not legitimate
Gotabaya Rajapaksa elected Sri Lankan President
18 Nov 2019
Gotabaya, a pro-China leader with close links to the US, has promised that he will not entertain a family rule, which means that he will not appoint his brother Mahinda Rajapaksa or other family members as the next prime minister
Bolivia gets new president as Evo Morales takes asylum in Mexico
13 Nov 2019
Morales, a leftist and Bolivia's first indigenous president, defended his fraud-stained re-election to a fourth term citing is record of bettering living conditions for poor and indigenous Bolivians
US seeks to build an Asia-Pacific rival to RCEP
08 Nov 2019
Two-way trade between the United States and the Indo-Pacific region hit a record $2 trillion, the highest for any region, while cumulative foreign direct investment between the US and the Indo-Pacific stood at $1.6 trillion in 2018, US commerce secretary Wilbur L Ross said
China, US agree on phased tariff cuts in interim trade deal
08 Nov 2019
Under the interim trade deal the US is expected to scrap tariffs scheduled on about $156 billion worth of Chinese imports, including cell phones, laptop computers and toys, while China would buy up to $50 billion of American farm goods
US Fed cuts rates further to 1.5-1.75% to support expansion
31 Oct 2019
FOMC said the move is consistent with its statutory mandate to foster maximum employment and price stability, but signalled its rate-cut cycle might take a pause
Relief for PM Boris Johnson as MPs vote for 12 Dec election
30 Oct 2019
The House of Commons approved the bill by a margin of 430 to 20, paving the way for the general election ahead of the extended Brexit deadline of 31 January
PM Johnson accepts Brexit delay after failed election push
29 Oct 2019
Johnson will respond to the EU’s delay offer once he has reviewed the details, his spokesman said on Monday
Canada’s Justin Trudeau set to remain in power, sans majority
22 Oct 2019
Should Trudeau fail to win a majority in Parliament, he will have to seek support of smaller parties like the Green Party and the New Democratic Party, led by Jagmeet Singh
EU, Britain finalise new Brexit deal; over to parliament now
18 Oct 2019
Prime Minister Boris Johnson is taking the accord to parliament on Saturday, where skeptical parliamentarians and opposition from the Irish Democratic Unionist Party could still stall Brexit
Britain, European Union reach new Brexit deal
17 Oct 2019
The deal still needs to finetune customs and sales tax regulations to manage trade in goods between Northern Ireland and Ireland while Prime Minister Johnson also needs to push any deal past a deeply divided Parliament after it rejected a previous deal three times
Abhijit Banerjee, Esther Duflo and Michael Kremer share Economics Nobel
14 Oct 2019
The Laureates’ research findings – and those of the researchers following in their footsteps – have dramatically improved our ability to fight poverty in practice, the according to the Nobel Prize Committee
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