Economic news

Political Forecast: Independent groups fear Brexit could cause paramilitary attacks on Northern Ireland Brexit is seen as a threat by independent groups to overall peace and order in Northern Ireland. This, the parties concur is owed to the lack of a “devolved” government. The fear is not baseless, let alone, ill-conceived given that in 1998, […]

Brexit: a chaotic European affair Economic losses abound the British territory due to Brexit’s delayed and un-welcomed stay. The U.K. Judiciary is about to be pushed “off-its-trolly” with its constant debate regarding the great divorce’s validity. The suspension of the House of Commons by PM Boris Johnson himself had already exceeded a month. And against […]

European shares began its session with weak footing last Friday compromising its performance throughout the week. This followed after US-China trade pact uncertainty left investors doubtful over the possibility of the said trade pact signing.                 The pan-European STOXX 600 index suffered with 0.4% at 0807 GMT but is expected to finish its fifth straight […]

World billionaires’ wealth fell for the first time in a decade due to geopolitical unrest and fluctuating equity markets. According to the Union Bank of Switzerland (UBS), the world’s richest people experienced a decline in their wealth last year. Overall, billionaires’ wealth reduced between $388 billion and $8.539 trillion all over the world, with an […]

TOKYO-Japan’s stock index reached 13-month high record last Friday brought by economic optimism. This followed after months of inactivity over conflicting data about Sino-US trade deal progress. The Nikkei rallied up to 0.26% at 23,391.87 after its highest record of 23, 591.09 on Oct. 10 back in 2018. Its weekly session tallied a 2.37% gain […]

Britain’s Prime Minister Boris Johnson announced plans for issuing special visas to aid the U.K.’s National Health Service to hire doctors and nurses coming from different countries after Brexit. A new points-based immigration system will be formed by the National Health Service of Britain which will be introduced right after the U.K. departs from the […]

Shinzo Abe, Japan’s prime minister, ordered his cabinet to design a package of stimulus measures to beef up the economy and build infrastructure to cope with large natural disasters, according to a Japanese government spokesman. Chief Cabinet Secretary Yoshihide Suga said the package will include steps to promote investment for growth through the aggressive use […]

Vietnam to inspect Chinese smartphones for disputed maps Vietnam will inspect all smartphones imported from China which includes Huawei and Xiaomi models according to the Tuoi Tre newspaper reports that cite Ngyuen Hung Anh, head of Vietnam Customs’ anti-smuggling and investigation department. Vietnam will check the phones to see whether its pre-installed navigation apps are […]

Washington and Beijing agree to retract existing tariffs Washington and Beijing had both agreed to retract existing tariffs on each sides’ goods on Friday. Gao Feng, spokesperson for China’s Commerce Ministry said that “both sides should undo existing additional tariffs in the same proportion to reach phase one deal, and that is an important condition […]

NOV. 7- European shares hit four-year high last Thursday following China’s statement that Beijing and Washington will pull out tariff implementation in different phases. Both countries must pull out the implementation of tariffs on each other’s goods in order to come up with the possibility of “phase one” trade pact, said Gao Feng, spokesman of […]