Sep 09,2020

US To Block Imports From China Amid Forced Labour The US Customs and Border Protection (CBP) officials are currently preparing orders to block imports of cotton and tomato products from China’s Xinjiang region. The action comes amid allegations over forced labour involved in producing the goods. However, according to a......

Sep 07,2020

Deal Or No-Deal, Brexit Talks To End On October 15 UK Prime Minister Boris Johnson on Sunday threatened to quit Brexit negotiations with the European Union (EU) if no agreement is struck by October 15. The statement came just before a new round of trade talks were set to resume......

Sep 04,2020

Australia First Recession In Almost 30 Years Australia released its Gross Domestic Product (GDP) data on Wednesday, reporting a shrink of 7% for the second quarter (April-June) compared to the first quarter (January-March) shrink of 0.3%. A country’s economy is considered to be in recession after two consecutive quarters of......

Sep 03,2020

FDA Fast-Track Covid-19 Vaccine To Save Trump’s Presidency?   The head of the US Food and Drug Administration (FDA), Stephen Hahn is willing to bypass the standard drug approval process to authorize a Covid-19 vaccine. Since his statement to the Financial Times on Sunday, rumors had been spreading that Dr......

Aug 28,2020

FED’s New Policy Strategy: Average Inflation Targeting   The Federal Reserve (FED) announced a change in its policy strategy during a central bank speech led by Chairman Jerome Powell in conjunction with the Jackson Hole symposium on Thursday. The policy decision was made to support the labor market and economic......

Aug 27,2020

China Fired ‘Aircraft-Carrier Killer’ Missile To Warn The US    China was reported to have launched two missiles into the South China Sea on Wednesday morning. According to sources, the move was a clear warning to the US after a U-2 spy plane was spotted entering a no-fly zone in......