It’s Time For Trade Policies That Benefit Us All By Hillary Haden, The Stand. December 6, 2020 It’s Time For Trade Policies That Benefit Us All2020-12-062020-12-06https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/12/trade2.png200px200px Decades of failed ‘free trade’ deals must end. Instead, let’s manage globalization to raise wages, create jobs, and protect the environment. Everyone we know is “for” trade. We can’t remember ever meeting anyone who is “against” trade. This simplistic view of globalization — that everyone is either for or against trade — brought grief to millions of workers and families in America. Thomas Friedman wrote several popular books on globalization. He once said that he […]
Trade
The Huge New Trade Deal ‘Western’ Media Do Not Like To Talk About November 15, 2020 The Huge New Trade Deal ‘Western’ Media Do Not Like To Talk About2020-11-152020-11-15https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/11/rcep-e1605481536466.jpg200px200px November 14, 2020 – Tomorrow a new trade agreement between 15 Asian states will be signed. It will soon be seen as a milestone in the global economic history. But only very few ‘western’ media have taken note of it or of the huge consequences the new agreement will have. The agreement is also a huge victory for China over U.S. hegemony in Asia: Fifteen Asia-Pacific nations including China and Japan plan to sign […]
China And 14 Nations Ready To Sign World’s Largest Trade Deal By Catherine Wong, South China Morning Post. November 12, 2020 China And 14 Nations Ready To Sign World’s Largest Trade Deal2020-11-122020-11-12https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/11/rcep.png200px200px Above photo: Chinese Premier Li Keqiang (second right) locks hands with other leaders at the RCEP summit in Bangkok in November last year. Reuters. The Regional Comprehensive Economic Partnership is expected to be signed this weekend. In the absence of the US from trading blocs, China seeks opportunities to write regional trade rules before there is a change in US leadership. NOTE: The Obama Biden administration tried to push […]
Yerevan and Baku have accused each other of breaking the ceasefire declared on Saturday. The nations are fighting over Nagorno-Karabakh, an Armenian-populated part of Azerbaijan, with hundreds reported killed during the flare-up. The mutual accusations came on Sunday just hours after the fighting was supposed to be stopped by all sides on midnight Sunday local time (20:00 GMT). Azerbaijan said its opponents shelled locations around the town of Jabrayil which were claimed to have been captured by Azerbaijani troops during the hostilities. Armenia said Azerbaijan broke the truce twice, firing artillery shells and rockets and attempting to move troops into a […]
The move comes as Ant, a global leader in digital payments, is readying what could be an offering worth up to a record $35 billion. Source link
An wounded Armenian soldier getting treatment in the basement of a medical center on Wednesday outside the city of Stepanakert, in the Nagorno-Karabakh region. Aris Messinis/AFP via Getty Images hide caption toggle caption Aris Messinis/AFP via Getty Images An wounded Armenian soldier getting treatment in the basement of a medical center on Wednesday outside the city of Stepanakert, in the Nagorno-Karabakh region. Aris Messinis/AFP via Getty Images Russia on Wednesday proposed sending military observers to monitor a shaky cease-fire in the disputed region of Nagorno-Karabakh, amid mutual recriminations between Armenia and Azerbaijan over alleged truce violations. In the Azerbaijani capital of […]
The presidents of France’s Medef, Italy’s Cofindustria and Germany’s BDI warned the consequences of a no-deal Brexit would be delays at ports and borders, trade tariffs, border controls and unnecessary red tape. Business federations from France, Italy and Germany have urged the European Union (EU) and the UK to strike a post-Brexit trade deal as the clock ticks down. Medef president Geoffroy Roux de Bézieux, Cofindustria’s Carlo Bonomi and Dieter Kempf of BDI – representing the business elite of the EU’s three biggest economies – noted that the EU leaders’ summit on Thursday and Friday would be critical in reaching an agreement before […]
European ministers have fired warning shots at London ahead of crunch Brexit talks in Brussels this week. Germany sees this period as ‘critical’, while France has called for unity among the 27 member states. As the European Council prepares to meet on Thursday, and with UK Prime Minister Boris Johnson’s October 15 deadline looming large, European ministers took the opportunity to remind London of their demands. Their comments came as ministers arrived in Luxembourg on Tuesday for talks and an update on trade negotiations by EU’s chief negotiator, Michel Barnier. Germany’s EU affairs minister, Michael Roth, shared his reservations, “we are at a […]
A new report published by the Centre for Brexit Policy has suggested that Boris Johnson will fail to get a deal as good as the one Canada has with the EU if he comes to an agreement with Brussels. The report comes just 3 days before the British prime minister’s deadline for a deal with the EU, with the UK expected to leave on WTO rules, if both sides fail to agree terms. With more on this story, Sputnik spoke to analyst Bob Lister. Sputnik: How significant is this report and is this the deal that Brexiteers want? Bob Lister: I hardly think […]
A trade deal between India and the United States has been pending since last November. While the US wants more access to India’s dairy and meat market, India wants restoration of the Generalised System of Preferences (GSP) which the Trump administration withdrew last June. Inviting American businesses to invest in India, Federal Commerce and Railway Minister Piyush Goyal has said a target of $500 billion for US-India bilateral trade in five years is “eminently doable”. “The bilateral trade between US & India grew from $126 billion in 2017 to $145 billion in 2019. The target we have set of $500 billion […]
US President Donald Trump and Democratic nominee Joe Biden have had an intense first presidential debate in Cleveland on Tuesday. During the debate, Trump and Biden were constantly interrupting and sniping at each other, making it hard for moderator Chris Wallace to follow the time limits set for each speaker. He even had to raise his voice when the debaters interrupted each other or diverged from the topics they were supposed to discuss. Heated Debate Seeking to dispel rumours of his age-related sluggishness, Biden called Trump “the worst president America has ever had” and energetically attacked his handling of the coronavirus outbreak, economic crisis […]
The news comes as the Trump administration continues to pressure Germany to block Huawei from the nation’s 5G networks, despite failing to receive guarantees Berlin would cancel its business with the Chinese telecoms giant, German and US media reported on Monday. Berlin has allegedly launched plans to help Deutsche Telekom enter the Chinese telecom market as part of a deal on the nation’s 5G strategy, it was reported. The WirtschaftsWoche report did not state provide further details on the plans, despite the German telecom previously offering enterprise-level provisions of data centre and cloud services in China via T-Systems PR China. But […]
The launch of the cross-border trade blockchain comes as Ant stokes up enthusiasm for its public offering – set to be the largest on record. Source link
Despite India being an important partner for the United States geopolitically, a bilateral free trade agreement (FTA) is unlikely to be reached soon regardless of who wins the upcoming US presidential election. That’s according to Todd Buchholz, who served as the director of economic policy at the White House under President George H.W. Bush. He said as cited by the Economic Times that both US President Donald Trump and his opponent Joe Biden look at India amenably but have their own compulsions not to proceed with such a far-reaching deal. “I find it difficult to imagine that in four years’ time, […]
https://cdn1.img.sputniknews.com/img/07e4/08/1a/1080284224_0:137:3072:1865_1200x675_80_0_0_72f20b2cda794f91164201aeb8b994f9.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/russia/202009221080531572-russia-expects-to-reach-covid-19-vaccine-maximum-production-level-in-2021-trade-minister-says/ MOSCOW (Sputnik) – Russian companies plan to reach the maximum capacity of COVID-19 vaccine production by February 2021, Russian Minister of Industry and Trade Denis Manturov said. “We expect that in October there will be 500,000 vaccine doses, by the end of the year – 2 to 3 million doses. We plan to reach maximum capacity by February of next year,” Manturov told the Russian Izvestia newspaper. The trade minister stressed that the delivery of the Russian coronavirus vaccine to other countries stipulates organizing joint production ventures and collaboration with foreign healthcare systems, and […]
https://cdn1.img.sputniknews.com/img/07e4/09/0b/1080433096_0:81:3208:1885_1200x675_80_0_0_cabcb9f084098ade79129503ce3a8e15.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/asia/202009211080530063-india-has-no-plans-to-lower-chinas-trade-status-despite-border-tensions-minister-says/ NEW DELHI (Sputnik) – The Indian government has no plans to remove China’s most favored nation trade status despite the recent deadly clashes on the border between the two countries, the Indian minister of trade and commerce, Piyush Goyal, said on Monday. The minister had earlier been asked by Manoj Kotak, a member of the Indian parliament, whether New Delhi would withdraw Beijing’s status as a favored trading partner in light of the ongoing tensions. “No such proposal is under consideration at this time,” Goyal said in a written response to parliament. The World […]
Trade Unions Need New Strategies By Asbjørn Wahl, The Bullet. September 20, 2020 Trade Unions Need New Strategies2020-09-202020-09-20https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/09/eulabor-e1600624918941.jpeg200px200px Above photo: RMT ( Rail, Maritime & Transport ) trade union joins CGT & other European rail unions in protest demonstration in 2008 Paris against EU railways privatisation. Trade unions are on the defensive all over the world, under immense pressure from strong economic and political forces. We are facing a multiplicity of crises. Employers are attacking on all fronts, and the pandemic is being used as an excuse further to undermine unions, wages and working conditions. Since the neoliberal offensive began around 1980, we […]
[ Editor’s Note: Mr. Terehov takes on quite a challenge in giving an overview of the complex negotiations between China and Iran for a long term bilateral agreement, whose major anchor would be China’s commitment for $400 billion on infrastructure investments inside of Iran. What does Iran have to give in return? On the surface this would appear to be a simple process of being part of the New Silk road and China’s obvious interest to have it anchored in the sweet spot of the Persian Gulf and the Arabian Sea. Pay close attention to Vladimir’s mentioning of the ‘dual use’ […]
Contraband fuel sits on the side of a road in Puerto Santander, Colombia, on May 31, 2019. The Venezuelan government’s lack of cash to import gasoline combined with U.S. sanctions targeting the oil sector have led to chronic fuel shortages in Venezuela. That has upended a long-running, lucrative contraband gas trade. Ivan Valencia/Bloomberg via Getty Images hide caption toggle caption Ivan Valencia/Bloomberg via Getty Images Contraband fuel sits on the side of a road in Puerto Santander, Colombia, on May 31, 2019. The Venezuelan government’s lack of cash to import gasoline combined with U.S. sanctions targeting the oil sector have led […]
Any violation the Good Friday Agreement by London will make a trade deal between the UK and the US totally impossible, Speaker of the US House of Representatives Nancy Pelosi has warned. Pelosi issued a strongly-worded statement on Wednesday after British authorities admitted that their new ‘Internal Market Bill’ could violate international law in a “limited way.” The bill would allow the UK to circumvent its Brexit withdrawal agreement with Brussels, particularly in relation to the protocol on Northern Ireland. “The Good Friday Agreement is the bedrock of peace in Northern Ireland and an inspiration for the whole world,” Pelosi said. […]
The passport would help businesses cut through redundant red tape and flourish across borders, Saudis said. Source link
Matt Nowling, a senior at Denison University and interim president of College Democrats of America, is one of many campus activists adjusting to virtual organizing during the pandemic. Courtesy of Shelby Tour hide caption toggle caption Courtesy of Shelby Tour Matt Nowling, a senior at Denison University and interim president of College Democrats of America, is one of many campus activists adjusting to virtual organizing during the pandemic. Courtesy of Shelby Tour If this were a normal school year, Denison University senior Matt Nowling and his fellow College Democrats would be “dorm storming” around their campus, near Columbus, Ohio. “We ran […]
The news comes after the Trump administration extended a ban Chinese firms doing business with US tech companies in May, forcing the world’s largest contract chipmaker to block shipments of processors to the world’s largest IT equipment provider as the measures were due to enter force in September. US restrictions on Huawei Technologies have sparked a massive stockpiling of chips in the global semiconductor industry amid a shortfall in funding from Washington, an analyst told Reuters on Monday. Washington pledged roughly $22.8bn in June to the US chipmaking industry but the funds may not be sufficient as they cover just half […]
In an interview with CNN’s Jim Sciutto for a recently-published book, US President Donald Trump’s appointed trade adviser, Peter Navarro, slammed Canada’s current policies toward the US, including what he characterized as “unfair” trade policies and Ottawa’s role in US-led multilateral NATO anti-terrorist operations in Afghanistan. The United States embassy in Canada stepped in on Thursday in support of Ottawa, after US President Donald Trump’s appointed trade adviser, Peter Navarro, dismissed the northern neighbour’s role in US-led multilateral NATO anti-terrorist operations in Afghanistan. The US embassy chargé d’affaires, Richard Mills, responded to Navarro’s earlier remarks which had ignited disgust among Canadian […]
EU Commissioner Phil Hogan is the latest political casualty of the ‘Golfgate’ scandal in which a host of Irish politicians partied at a golf club dinner, hours after introducing strict lockdown measures for the public. Hogan, a member of Ireland’s Fine Gael party, announced his resignation on Wednesday. One day earlier, he briefed Commission President Ursula von der Leyen on his activities in Ireland last week. Also on rt.com Irish PM accepts resignation of minister who breached own cabinet’s Covid-19 rules one day after approving them Hogan attended a lavish party at the Station House Hotel in Clifden, County Galway, last […]
Abbott initially advised Britain against quitting the EU, but backtracked on his Brexit stance following the Leave referendum. As recently as March 2019, he promised that “no deal” would spell “no problem” for London, which has until the year-end to negotiate vital agreements with its trading partners. Former Australian Prime Minister Tony Abbott is rumoured to have joined the UK’s Board of Trade. The Sun reports that Prime Minister Boris Johnson has asked Abbott to become the joint president of the government body as part of the effort to drum up post-Brexit trade deals for the UK. The government has yet to […]
Global markets remained steady on Tuesday after Washington and Beijing reaffirmed their commitment to their historic trade agreement even as the two economic giants have disagreements on multiple fronts. Top US and Chinese officials in charge of the implementation of the trade deal – Chinese Vice Premier Liu He, US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin – continued telephone discussions on Tuesday. The trade talks, originally scheduled for August 15, became the first formal conversation on the matter between the two sides since early May. Read more In brief statements after the talks, both delegations described the deal’s […]
https://cdn1.img.sputniknews.com/img/106837/82/1068378266_0:156:3000:1844_1200x675_80_0_0_6b225cdfa80708003160e293e605bf42.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/world/202008251080269299-chinas-commerce-ministry-says-dialogue-with-us-on-trade-deal-implementation-constructive/ BEIJING (Sputnik) – China considers the regular trade talks with the United States on the implementation of the Phase One trade deal to be constructive, the Chinese Ministry of Commerce said in a statement. United States Trade Representative Robert Lighthizer and Secretary of the Treasury Steven Mnuchin have held a phone call with Chinese Vice Premier Liu Hu to discuss the Phase One Agreement implementation. “The parties held a constructive dialogue on strengthening the coordination of macroeconomic policies of the two countries and the implementation of the Phase One trade and economic agreement,” the […]
The measures will be reportedly the largest case in the history for US Treasury office, with sanctions set to impact banking loans, farming imports and investments for the major Chinese conglomerate. The Xinjiang Production and Construction Corps (XPCC) has been targeted by the US Office of Foreign Assets Control (OFAC) in a fresh round of sanctions amid the ongoing trade war, the South China Morning Post reported on Monday. Three officials along with the Chinese conglomerate were hit with sanctions after Washington accused it of human rights abuses in China’s westernmost region, the report read. Three officials – Peng Jiarui, Chen […]
https://cdn1.img.sputniknews.com/img/107860/87/1078608724_0:320:3071:2048_1200x675_80_0_0_e8174d04c6b78214d16c2824faa5cc98.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/us/202008211080232821-us-engaged-with-china-on-trade-despite-huge-complaints-about-other-issues-wh-adviser-kudlow-says/ WASHINGTON (Sputnik) – The Trump administration remains engaged with China on Phase One of the trade agreement despite having huge complaints on other issues, White House Economic Adviser Larry Kudlow said on Thursday, adding that he was particularly pleased with large Chinese purchases of US-produced commodities. “So far, so good”, Kudlow said on Fox News Channel’s “Fox & Friends”. “We have many huge complaints about China. But on the trade deal, we are engaged”. US-China relations have significantly soured in the past few years, with Washington blaming Beijing for unfair trade practices, a poor […]
https://cdn1.img.sputniknews.com/i/logo-itemprop.png Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/russia/202008191080217831-moscow-voices-protest-over-detention-of-russian-deputy-trade-representative-in-norway/ Earlier on Wednesday, the Norwegian Foreign Ministry said in a statement that it had moved to expel a Russian diplomat from the country in connection with the espionage scandal. Russia’s Foreign Ministry said on Wednesday that Moscow had expressed protest over the detentiojn of a Russian deputy trade representative in Norway. DETAILS TO FOLLOW Source link
The listing of the world’s biggest companies saw 133 Chinese firms across the mainland, Taiwan and Hong Kong make the roster compared with 121 US businesses. The news comes amid a major surge in foreign investment in Chinese tech firms amid the ongoing US trade war with China. Chinese firms listed on the Fortune Global 500 have surpassed US companies for the first time in history, it was found on Monday. Three Chinese state-owned enterprises (SOEs) – Sinopec Group, State Grid and China National Petroleum – came in second, third and fourth, respectively, with Arkansas-based Walmart topping the list. “Chinese companies […]
The US dollar has recently been losing value against other currencies, dropping nearly 5% in July, its biggest monthly fall in more than 10 years. This decline is prompting economists worldwide to re-assess the role of the dollar as a global reserve currency, as some countries have resorted to other options in their bilateral transactions. The US dollar’s share of trade between Russia and China fell to a record low of 46% in the first quarter of 2020, according to recent figures provided by Russia’s Central Bank and Federal Customs Service. This data prompted experts to suggest that the two trading […]
https://cdn1.img.sputniknews.com/img/107860/87/1078608724_0:320:3071:2048_1200x675_80_0_0_e8174d04c6b78214d16c2824faa5cc98.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/world/202008051080061946-us-chinese-trade-officials-to-meet-15-august-to-evaluate-phase-one-trade-deal—reports/ WASHINGTON (Sputnik) – US and Chinese trade officials will hold high-level talks on 15 August to assess the Phase One trade deal, the media reported citing people briefed on the situation. US Trade Representative Robert Lighthizer and Chinese Vice Premier Liu He will discuss Beijing’s compliance with the agreement, the Wall Street Journal report said on Tuesday. Earlier, Chinese Ambassador to the United States Cui Tiankai said during a virtual Aspen Security Forum discussion that both sides will probably not be able to meet in person and will have to hold the meeting online […]
A poll released by a Sydney-based think tank in June showed that only 23 percent, an all-time low, of Australians express trust toward China with regard to international responsibility. Australia’s agricultural business leaders are calling for a separation between foreign policy and trade ties in dealing with China as they’re concerned that rising tensions will impact the nation’s exports to the Celestial Empire. Mark Allison, the chief executive of agribusiness giant Elders and the president of Agribusiness Australia is among those concerned, stating that business is being used as a “weapon for foreign affairs”. “Foreign affairs is about protecting sovereign countries, and trade is […]
One of the earliest newspaper advertisements in what would become the United States read, simply, “A Negro Woman about 16 Years Old, to be Sold by John Campbell Post-master, to be seen at his house next door to the Anchor Tavern.” In addition to being Boston’s postmaster, John Campbell was the publisher of the Boston News-Letter, the continent’s earliest long-running newspaper. As the originator of the American newspaper, Campbell created a template for the editors who followed him. One of the ways he did that was by selling enslaved people. In recent years, many institutions have begun to grapple with slavery’s […]
Britain has now entered a transition period following its departure from the EU, during which time it is expected to strike a trade agreement with the bloc. London is also expected to conclude a separate deal with the United States, although according to UK trade secretary Liz Truss, a deadline for this has not been specified. There is no chance that British government will strike a trade deal with the United States before the American presidential election or even by the end of 2020, according to the Financial Times, which cited a UK government official familiar with the issue. “Is it […]
https://cdn1.img.sputniknews.com/img/107919/17/1079191708_0:0:3072:1728_1200x675_80_0_0_6d60462159b904abeda55a74fde54046.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/world/202007211079944524-pompeo-says-discussed-5g-free-trade-deal-during-constructive-visit-with-uks-johnson/ WASHINGTON (Sputnik) – US Secretary of State Mike Pompeo said he held constructive and candid talks on 5G security, a potential free trade deal, and other matters during his meeting with the United Kingdom’s Prime Minister Boris Johnson in London on Tuesday. “Constructive visit with @BorisJohnson today. Our two countries’ long-standing, strong bilateral relationship has laid the foundation for today’s candid discussion on issues ranging from 5G telecommunication to our negotiations for a US-UK free trade agreement”, Pompeo said via Twitter. Johnson welcomed the US secretary of state at his residence at Downing Street […]
Trade Unionists Back Campaign To Free Assange By Don’t Extradite Assange. July 18, 2020 Trade Unionists Back Campaign To Free Assange2020-07-182020-07-18https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/07/assange-e1595101693166.jpeg200px200px Above photo: Demonstrators march to protest against the extradition of WikiLeaks founder Julian Assange on Saturday in London. Alberto Pezzali/AP. In Birmingham, Plymouth, and Newcastle trades councils have voted to join the campaign to halt the extradition of WikiLeaks founder Julian Assange to the United States where he could face 175 years in jail. In recent weeks the three metropolitan trades councils, which are attended by delegates from all the local unions, have voted overwhelmingly to support Assange. Even in Plymouth […]
A blaze has broken out in one of the World Trade Center’s towers in the capital city of Nigeria, Abuja. Footage from the scene shows a large plume of smoke billowing from the building’s top floors. The fire ignited at the massive tower, which is still under construction, on Monday. The flames triggered a large emergency services response as firefighters scrambled to extinguish the blaze. Videos from the scene show a large column of gray smoke rising over the building, though open flames can’t be seen. No information on potential casualties has emerged so far, and the company managing the facility […]
On Sunday, the World Health Organisation reported a global single-day record for new COVID-19 cases as 230,370 positive tests were reported worldwide over the past 24 hours. Asia-Pacific stocks jumped in Monday morning trade, according to CNBC News. Japan’s Nikkei 225 was 1.34 percent higher, driven by Softbank Group and robot maker Fanuc shares, which gained more than 2 percent each. The Topix index traded 1.44 percent higher. South Korea’s Kospi also rose slightly, gaining 0.6 percent. In Australia, the S&P/ASX 200 advanced 1.44 percent in early trade. Overall in the region, the MSCI Asia ex-Japan index was 0.24 percent higher on Monday morning. Meanwhile, Wall Street […]
by Salman Rafi Sheikh, …with New Eastern Outlook, Moscow, …and the Institute of Oriental Studies of the Russian Academy of Sciences, a research institution for the study of the countries and cultures of Asia and North Africa. [ Editor’s Note: This current US-China international showdown is in retrospect an Alice in Wonderland story, much of it make believe. It is a complex story than can only be understood from a beginning to end perspective. Morris Childs, US top Soviet double agent spy When China was an economic wreck it was the US that opened up China for development. It was a classic case, in […]
Tempers frayed in the pit lane at the Xfinity Series in Kentucky on Friday as drivers Harrison Burton and Noah Gragson traded blows in a fierce bust-up after their cars collided on the track minutes before. With just 13 of 200 laps remaining in the race, Gragson’s No. 9 JR Motorsports Chevrolet clipped the back of Burton’s No. 20 Joe Gibbs Racing Toyota, causing both cars to graze the outside wall and lose ground on the race leaders. Also on rt.com Alex Zanardi: Racing icon who fought back from losing BOTH legs to win Paralympic gold has BRAIN surgery after crash with TRUCK […]
Key US Ally Indicted For Organ Trade Murder Scheme By Nicolas J. S. Davies, Information Clearinghouse. July 9, 2020 Key US Ally Indicted For Organ Trade Murder Scheme2020-07-092020-07-09https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/07/rcmp_in_kosovo-600×400-e1594303107317.jpg200px200px Above photo: US Marines provide security as members of the Royal Canadian Mounted Police Forensics Team investigate a grave site in a village in Kosovo on 1 July 1999. Department of Defense. Photo by Sgt. Craig J. Shell, U.S. Marine Corps (direct link). Public Domain, Link. When President Clinton dropped 23,000 bombs on what was left of Yugoslavia in 1999 and NATO invaded and occupied the Yugoslav province of Kosovo, U.S. officials presented the war to the American public […]
As the United Kingdom negotiates its exit from the European Union single market and customs union, concerns over a potential trade deal with the United States impacting domestic food standards begin to rise. Demonstrators from Save British Farming (SBF), farmers, and their supporters took to Westminster, London on Wednesday to show their opposition to any future reduction of food standards in any potential trade deals. Around 20 tractors slowly drove through the streets around Parliament in a loud demonstration just before the Agriculture Bill’s return to the House of Lords on Thursday. Other activists dressed up in fruit and vegetables to […]
President Trump is hosting Mexican President Andres Manuel Lopez Obrador on Wednesday. However, much has been made of Canadian Prime Minister Justin Trudeau’s decision to skip the meeting, which was originally intended to be a celebration of the new trade agreement between the three countries, which stepped into force last week. Part of the rationale in Canadian Prime Minister Justin Trudeau’s decision to skip Wednesday’s summit dedicated to celebrating the New Agreement Between the United States, Mexico and Canada (USMCA), may have been the bad optics for his carefully groomed image of fighter against the coronavirus, CNN has suggested. “He would […]
The news comes as investors have begun massive levels of investment in the mainland tech firm’s push for self-sufficiency, with the chipmaker reaching a $31.7bn capitalisation this year and stocks surging 12.8 percent to $4.84 (37.55 HKD) on Monday, figures show. China’s mainland chipmaker Semiconductor Manufacturing International Corp (SMIC) plans to publicly trade after preparing a $7.5bn initial offering, Caixan Global revealed on Tuesday. The company will post its stocks on the Science and Technology Innovation Board (STAR) in Shanghai, becoming the world’s largest stock sale in 2020, according to data. SMIC will sell 1.69bn shares at $3.89 (27.46 HKD), the […]
Britain’s talks on separation with the European Union resume on Monday with few signs of compromise on a new trade agreement and time running out to avoid a messy split. London will host EU negotiator Michel Barnier after a round of face-to-face talks ended a day early last week in Brussels because of deep divides in the sides’ approach, AFP said. “Serious divergences remain,” Barnier said after ending the negotiations last Thursday. His UK counterpart David Frost cited “significant differences” that meant the sides were still searching for basic “principles underlying an agreement.” Chancellor Angela Merkel said upon taking over help […]
https://cdn1.img.sputniknews.com/i/logo-itemprop.png Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/asia/202007041079794703-us-intelligence-which-accuses-russia-of-deal-with-taliban-is-involved-in-drug-trade-envoy-says/ YAKUTSK (Sputnik) – US intelligence is deeply involved in the Afghan drug trade at the same time as it accuses Russia of conspiring with the Taliban, Special Presidential Envoy on Afghanistan Zamir Kabulov said on Saturday. “Their [US intelligence’s] planes fly from Kandahar or Bagram to any destination – like Germany or Romania – without any checks. No wonder, such is their business. Any Afghan citizen, anyone, in Kabul could tell you about it. It’s an open secret and everyone is sick and tired of it and dismisses it as a given”, Kabulov said. […]
New Delhi (Sputnik): On 29 June, India banned 59 Chinese mobile apps in a move widely perceived as a response to the border dispute in the Galvan valley of Ladakh. On 15 June, twenty Indian soldiers were killed in violent clash between patrol parties belonging to both sides. Since then, India is in arms against China on the economic front. China claims that India’s ban on 59 major Chinese apps, including the notorious TikTok app, the UC Browser and Shareit, among others, is a violation of World Trade Organisation (WTO) norms. Banning Chinese apps is one of a number of steps, […]
The interest by foreign investors in trading in yuan-based oil futures has grown significantly. According to the Shanghai Energy Exchange, this year, foreigners accounted for 16 percent of the daily turnover of trading in yuan futures. Over the year, the volume of transactions with foreigners has almost doubled. China launched trading in yuan oil futures in 2018. Initially, the volume of transactions was small, and the Chinese benchmark contract served only the domestic market. Global traders are used to Brent and WTI dollar-denominated benchmark contracts, and, at first, yuan futures may have appeared to be an unusual derivative, if only because […]
James Cooper is a professor of law at California Western School of Law in San Diego where he teaches International Business Transactions and International Law. He has consulted for Los Pinos, Mexico’s executive branch, and the U.S. Department of State. The United States-Mexico-Canada Agreement (USMCA) goes into force today. The trade pact replaces the much-maligned North American Free Trade Agreement (NAFTA), which went into effect on Jan. 1, 1994 and laid the foundation for a vertically integrated marketplace on our continent. By reducing tariffs on many goods and services, North American companies were able to develop transnational vertical supply chains and better […]
Apple came third at 13 percent, with Oppo, Xiaomi and Vivo following in the list. The massive boost in sales potentially resulted from China’s rapid recovery from the ongoing COVID-19 pandemic, according to reports. Huawei Technologies has overtaken Samsung Electronics as the world’s top smartphone maker in April and May, data from Counterpoint Research revealed on Tuesday, Huawei and Samsung topped smartphone sales at 19.7 and 19.6, respectively. The Chinese tech giant took 21.4 percent of the global market in April, surpassing Samsung for the first time in history, with the latter earning 19.1 percent. The news comes as Boston Consulting […]
WASHINGTON (Sputnik) – The US-Mexico-Canada trade agreement (USMCA) enters into force on Wednesday, amending the rules of the multitrillion regional market to the liking of President Donald Trump and becoming a possible benchmark for future commercial pacts. It replaces the North American Free Trade Agreement (NAFTA), signed in 1993 and repeatedly denounced by Trump as a “disaster” for the United States. “We believe USMCA will ensure North America remains the world’s economic powerhouse and that the agreement will create high-paying jobs for the Americans, Canadians and Mexicans while growing the North American economy,” US Deputy Under Secretary for International Trade Joseph […]
The trade agreement has been hampered by economic challenges due to the novel coronavirus (COVID-19) outbreak in China, with US President Donald Trump putting the blame for the rapid spread of the disease on Beijing. US President Donald Trump took to Twitter on late Monday to say that the trade agreement between Wahington and Beijing is “fully intact”. The China Trade Deal is fully intact. Hopefully they will continue to live up to the terms of the Agreement! — Donald J. Trump (@realDonaldTrump) June 23, 2020 Earlier in the day, White House trade adviser Peter Navarro said “it’s over”, when asked […]
US Secretary of State Mike Pompeo scolded Europeans for not ditching China in favor of the US as a trading partner, claiming that any reliance on Beijing constitutes “abandoning who we are” and prizing “tyranny” over “freedom.” The diplomat denied he was forcing Europe to choose between the US and China as allies, insisting in remarks made at the Copenhagen Democracy Summit on Friday that it was, in fact, the Chinese Communist Party imposing such a choice on them. At the same time, he denied the choice was really between the US and China at all, but “between freedom and tyranny.” […]
The top US trade official has forcefully denied ex-national security advisor John Bolton’s allegation that the president went to his Chinese counterpart for help in the 2020 race, insisting it “never happened.” Excerpts published from Bolton’s forthcoming book on Wednesday claim that, during a sideline meeting at last year’s G-20 summit in Japan, President Donald Trump asked Chinese leader Xi Jinping to boost his country’s purchases of US agricultural goods, believing it would aid his re-election bid. Pressed about the claim at a Senate hearing later on Wednesday, Trump’s top trade envoy, Robert Lighthizer, said in no uncertain terms that the […]
In his to-be-published tell-all book John Bolton, Trump’s former national security adviser, according to an extract revealed by The Washington Post, claimed that the president asked Chinese leader Xi Jinping to ensure that POTUS was re-elected in the upcoming 2020 presidential race. US Trade Representative Robert Lighthizer slammed ex-national security adviser John Bolton’s claims that incumbent President Donald Trump asked Chinese leader Xi Jinping to help him get re-elected. During a Senate Finance Committee hearing on Wednesday, Lighthizer claimed that Bolton’s statement was “absolutely untrue”. “Absolutely untrue. Never happened. I was there. I have no recollection of that ever happening. I […]
In a redux of trading from the early days of the coronavirus crisis in March, bitcoin tumbled Thursday in tandem with a sell-off on Wall Street – rekindling an ongoing debate over the cryptocurrency’s use as a store of value. Prices for bitcoin fell 6.37% to about $9,100, as the Standard & Poor’s 500 Index of large U.S. stocks lost 5.7%. You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in context every wild swing in bitcoin and […]
New Delhi (Sputnik): In November 2019, Indian Prime Minister Narendra Modi withdrew from a China-led 16-nation free trade bloc, the Regional Comprehensive Economic Partnership, blaming Beijing’s non-compromising attitude on market access. After the withdrawal, India initiated trade talks with the US that are yet to reach a logical conclusion. China’s Regional Comprehensive Economic Partnership (RCEP) – a mega free trade agreement involving 15 nations – is likely to face an array of troubles in the post-pandemic world order as businesses may see more value in a diversified supply chain rather than a concentrated one, say analysts. A section of analysts feels […]
In late May China’s government announced it would not be setting an annual growth target for the first time since 2002, highlighting the uncertain outlook for the economy amid the fallout from the COVID-19 pandemic. Amid the continuing devastating effects of the COVID-19 lockdowns stalling global economy growth, exports of the world’s second-biggest economy, China, sharply contracted in May, reported Reuters. The Overseas shipments for the month dropped 3.3 percent from a year earlier, after a 3.5 percent gain in April, according to customs data on Sunday. An earlier Reuters poll had forecast a 7 percent drop. Exports posted better gains […]
UK 03:57 GMT 06.06.2020Get short URL After the United Kingdom left the European Union in January 2020, the country entered into a transition period to last until the end of the year. At this time, the current rules for trade, business and travel will apply for the UK and the EU, until the sides negotiate additional agreements. UK Prime Minister Boris Johnson has expressed his readiness to accept EU tariffs on some British goods in an attempt to break the deadlock in the trade talks with Brussels after fruitless previous rounds, the Daily Mail reported, citing sources. The PM’s chief negotiator, David […]
Rudy Giuliani’s defense of Donald Trump escalated into an ill-tempered row with Piers Morgan, as the pair traded insults over the US president’s response to the wide-scale protests sparked by George Floyd’s death. During an interview on ITV’s ‘Good Morning Britain’ on Thursday, Giuliani – who is Trump’s lawyer – hit out at Morgan’s co-host Susanna Reid for suggesting the US president’s recent tweet in which he declared that “When the looting starts, the shooting starts” – referring to the protests and riots – was in any way racist. The tweet was subsequently censored by Twitter. Also on rt.com Fists fly […]
UK 14:00 GMT 29.05.2020Get short URL The news comes after unconfirmed reports in UK media cited anonymous sources in Whitehall, who said the government may phase out the Chinese tech giant’s role in building UK networks by 2023, despite London’s approval in January and refusal to comment on the media speculation. The United Kingdom had been seeking new entrants into the nation’s 5G telecommunications market since January, Downing Street announced on Friday. “We set out in January that we were seeking new entrants into the market in order to diversify, and that is something we have been speaking with our allies […]
In an image from a YouTube video released on Aug. 29, 2019, shows Former senior commander Iván Márquez (center) and fugitive rebel colleague, Jesús Santrich (wearing sunglasses), of the Revolutionary Armed Forces of Colombia at an undisclosed location announcing they are taking up arms again. AFP via Getty Images hide caption toggle caption AFP via Getty Images In an image from a YouTube video released on Aug. 29, 2019, shows Former senior commander Iván Márquez (center) and fugitive rebel colleague, Jesús Santrich (wearing sunglasses), of the Revolutionary Armed Forces of Colombia at an undisclosed location announcing they are taking up arms […]
The price of gold exchange-traded funds (ETFs) steadied on Tuesday at the equivalent of $1,733 per ounce after retreating on the news of a potential coronavirus vaccine by drug maker Moderna. Gold ETFs are not equal to physical gold, as they are simply securities backed by the commodity designed to track the gold price. Gold bullion, which hit an eight-year high just before the news, lost $40 per ounce for US dollar traders by the start of Tuesday’s London trade. It has also dropped over two percent from new all-time highs in British pound and euro currency terms. “Gold sold off […]
The United States has issued a new regulation aiming to limit chip exports to Chinese tech giant Huawei. The firm said its business will “inevitably be impacted” and that “survival is the key word” for the company at present. RT’s Boom Bust is joined by John Quelch, Dean of Miami Business School, to talk about the future of US-China relations. Huawei will be able to survive, Quelch says, adding that Washington aims to slow down the Chinese company’s efforts to globally dominate the 5G market. “The consumer division of Huawei accounts for about 50 percent of its total sales, and this […]
Business 11:54 GMT 18.05.2020(updated 11:55 GMT 18.05.2020) Get short URL The company took the measures amid fresh developments in the ongoing trade war between the world’s first and second-largest economies, with the world’s largest contract chipmaker announcing plans to build a plant based in the US worth billions, according to reports last week. Huawei Technologies has faced fresh challenges in its supply chain after Taiwan Semiconductor Manufacturing Co (TSMC) blocked new orders over fears operations would be affected by fresh US measures against the Chinese tech giant, according to sources cited by the Nikkei Asian Review on Monday. The developments come […]
The UK and EU have exchanged jibes after the third round of Brexit trade talks ended with “little progress.” London accused Brussels of taking an “ideological approach,” but Michel Barnier claimed the UK was stuck in the 1970s. The UK’s chief negotiator, David Frost, released a statement after the two sides had conducted a video conference on Friday. He insisted that the “main obstacle” and reason “little progress” had been made was due to the EU’s insistence on “a set of novel and unbalanced proposals on the so-called ‘level playing field.’” Frost suggested such plans were hampering London’s goal of achieving […]
Business 13:45 GMT 15.05.2020Get short URL The world’s largest IT equipment provider has begun manufacturing new smartphones with help from a major Shanghai-based semiconductor company, allowing the Chinese tech giant to scale back production with Taiwan processors, it was reported this week. Chinese chipmaker Semiconductor Manufacturing International Corp has begun mass-producing smartphone processors for Huawei Technologies Co, boosting mainland China’s semiconductor industry amid the ongoing US trade war. The Shanghai-based semiconductor company produced Huawei’s Kirin 710A chipset, commercialising China’s chipmaking industry for smartphone processors for the first time in history, China Daily reported on Thursday. Huawei will begin boosting production with […]
India 07:56 GMT 14.05.2020Get short URL https://cdn1.img.sputniknews.com/img/107903/90/1079039095_0:116:3072:1844_1200x675_80_0_0_bbcadb9e3370f99efcfcfa9516d5c0df.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/india/202005141079298771-indian-equities-unimpressed-with-pm-modis-corona-stimulus-sensex-loses-600-points-in-opening-trade/ New Delhi (Sputnik): The COVID-19 contagion seems to have taken the fizz out of the Indian equity markets. From levels of over 41,000 in February, the benchmark index Sensex has fallen to its current level of 32,000. The coronavirus health emergency has led to a national lockdown since 25 March and is likely to continue beyond 17 May. The COVID-19 economic stimulus worth $266 billion announced by Indian Prime Minister Narendra Modi on Tuesday seems to have failed to impress the equity markets. Even as Finance Minister […]
World 06:47 GMT 14.05.2020Get short URL Last week, London and Washington launched formal talks on a free trade deal in the wake of the UK’s departure from the European Union. There are many things at stake in this process, which promises to be a “hard bargain”, including criticisms over American food and environmental standards that Britain may now be forced to accept. The UK’s Department for International Trade is planning to cut tariffs on US farming imports in a “big concession package” to Washington which is purported to advance trade negotiations, the Financial Times reported, citing government officials familiar with the […]
https://cdn1.img.sputniknews.com/img/107912/90/1079129017_0:0:3072:1728_1200x675_80_0_0_37701bac9747b23b7c6e1b320996d2f4.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/asia/202005131079287679-asia-pacific-stocks-trade-lower-following-uptick-in-covid-19-infection/ Asian countries, including China and South Korea, have been reporting single-digit new cases of coronavirus per day, but over the weekend, new small clusters of infection were registered in these countries. Stocks in the Asia-Pacific region slipped in morning trade on Wednesday, according to CNBC News. Japan’s Nikkei 225 was 1.28 percent lower, while the Topix index also lost 0.99 percent. South Korea’s Kospi dipped 1.07 percent. In Australia, the S&P/ASX 200 was 0.91 percent lower in early trade. Meanwhile on Wall Street, stocks suffered losses as the United States prepares to reopen the economy. The Dow Jones Industrial […]
On Monday, White House Trade Policy Director Peter Navarro voiced his support for tariffs against China, claiming Beijing needs to be held “accountable” for the COVID-19 pandemic that started there last year. Meanwhile, representatives from both countries have vowed to push ahead with Phase 2 of the trade deal. ‘Holding China Accountable’ Figures across US President Donald Trump’s administration and his Republican Party have unleashed a full-scale ideological assault on China as the cause of the United States’ extensive economic and medical woes, pinning the blame for the crashing US economy, tens of millions of US residents being unemployed and even […]