Germany’s foreign ministry plans to tighten the rules for companies deeply exposed to China, making them disclose more information and possibly conduct stress tests for geopolitical risks, a confidential draft document seen by Reuters said. The proposed measures are part of a new business strategy towards China being drawn up by Chancellor Olaf Scholz’s […]
German Chancellor Olaf Scholz discussed energy and trade ties with Vietnam’s Prime Minister Pham Minh Chinh during a visit to Hanoi on Sunday, the first for a German leader in more than a decade. Scholz’s stop in Vietnam on his way to the G20 leaders’ summit in Indonesia, highlights Vietnam’s growing role in global […]
The European Union’s industry chief said on Monday that European governments and companies must realise China is a rival to the EU and they should not be naive whenever they approve Chinese investment. European Commissioner Thierry Breton’s comments appeared to be aimed in part at Germany, whose Chancellor Olaf Scholz will visit Beijing on […]
A few dozen U.S. entrepreneurs braved tough U.S. sanctions and Cuba’s worst economic crisis in decades to attend a conference in Havana on Wednesday focusing on the new private sector and aimed at boosting flagging engagement between the Cold War-era foes. The Cuban Chamber of Commerce and Washington-based consultancy FocusCuba, which are hosting the […]
Irish businesses that have opened in the last year will be able to avail of an energy grant scheme that was initially limited to those that had been established for longer, Finance Minister Paschal Donohoe said on Tuesday. The government introduced the 1.25 billion euro scheme in last month’s budget, providing businesses such as […]
France’s development minister is backing U.S. Treasury Secretary Janet Yellen’s call for the World Bank and similar institutions to vastly expand their lending, but said the United States needs to join France and other countries in channeling its IMF monetary reserves to poorer countries. Chrysoula Zacharopoulou, Secretary of State for Development, Francophonie and International […]
China on Saturday criticized the latest U.S. decision to tighten export controls that would make it harder for China to obtain and manufacture advanced computing chips, calling it a violation of international economic and trade rules that will “isolate and backfire” on the U.S. “Out of the need to maintain its sci-tech hegemony, the […]
Costa Rica will suspend tariff benefits for Panamanian products, the country’s foreign trade ministry said on Thursday, marking another step in a bilateral trade dispute that started in 2020 and is the subject of a World Trade Organization (WTO) lawsuit. Costa Rica suspended tariff benefits for its southern neighbor after Panamanian authorities failed to […]
Slovakia’s parliament on Tuesday ratified the entry of Finland and Sweden to NATO, becoming one of the last countries to back the military alliance’s expansion. Finland and Sweden sought to join NATO this year in response to Russia’s invasion of Ukraine. NATO’s 30 members have been ratifying their entry since accession protocols were […]
The proposed comprehensive free trade pact between India and the United Kingdom, likely to be signed by next month’s end, could accelerate joint ventures and boost bilateral investments, the head of the body promoting bilateral trade said on Thursday. Richard Heald, executive chair of the UK India Business Council (UKIBC) said negotiation teams were working overnight to meet the […]