OUR NEWS

July 10, 2020

German exports rose sharply in May as coronavirus containment measures eased, official data showed today, adding to signs of a recovery in Europe’s top economy even if trade remains well below pre-pandemic levels.

Exports climbed nine per cent to €80.3 billion (RM388 billion) compared with April, when they suffered their biggest plunge since records began, according to federal statistics office Destatis.


Imports grew at a slower clip...

June 26, 2020

US President Donald Trump’s administration asked the Supreme Court Thursday to strike down Obamacare, which has provided health insurance to tens of millions of Americans.

The third challenge to the landmark law, formally known as the Affordable Care Act, comes as the United States records some of its highest coronavirus infection rates since the contagion hit the country.


Under Obamacare, millions of Americans are required to buy he...

June 24, 2020

The United States is considering levying taxes on an additional US$3.1 billion in European imports amid a dispute over subsidies to planemaker Airbus.

A document released yesterday from the US Trade Representative (USTR) listed products from France, Germany, Spain or Britain, ranging from olives to decaffeinated coffee, as possibly subject to the new tariffs.


Washington and Brussels have been squabbling for years over government subs...

June 22, 2020

China’s leaders and senior EU officials held a video summit today with tensions rising over new tariffs targeting Chinese firms and European disquiet at Beijing’s assertiveness on the world stage.

The heads of the EU’s main institutions began talks on the coronavirus with top Chinese leaders, after Brussels infuriated Beijing by accusing it of a campaign of disinformation around the pandemic.


European Council President Charles Michel...

June 10, 2020

China told students today to be “cautious in choosing to study in Australia” citing concerns about the coronavirus and racism, further ramping up diplomatic tensions between Beijing and Canberra.

The advisory was the latest in an escalating spat, ignited by Australia’s call for an independent inquiry into the origin and handling of the coronavirus in central China last year.


Beijing reacted furiously to the demand, targeting Canberra...

May 8, 2020

German airline giant Lufthansa said Friday it will fly twice as many aircraft in June as in recent weeks and return to some European destinations, but the flight plan remains a shadow of pre-coronavirus operations.

Spots beloved of holidaymakers like Spanish island Mallorca, Crete and German North Sea retreat Sylt will return to the timetable, with 160 aircraft aloft bearing Lufthansa's crane or the logos of subsidiaries Swiss and Eu...

March 6, 2020

US lawmakers passed an emergency $8.3 billion spending bill to combat the coronavirus on Thursday as the number of cases surged in the country's northwest and deaths reached 12.

The Senate gave sweeping bipartisan support to the funding one day after the House passed the bill, so that it could be quickly sent to the White House for President Donald Trump's signature.

"The American people are looking for leadership, they want assurance...

February 7, 2020

Japanese auto giant Toyota said Friday it would keep its Chinese factories shut until February 16, extending its suspension by a week amid the growing coronavirus crisis.

"After considering various factors including guidelines from local and regional governments... we've decided to continue our suspension of production at all Toyota plants in China until February 16," spokesman Aaron Fowles told AFP.

The Japanese firm had previously s...

January 10, 2020

The United States on Friday rejected a request by Iraq's caretaker prime minister to send a delegation to start preparations to pull out its 5,200 troops in the country.

"At this time, any delegation sent to Iraq would be dedicated to discussing how to best recommit to our strategic partnership -- not to discuss troop withdrawal, but our right, appropriate force posture in the Middle East," State Department spokeswoman Morgan Ortagus...

August 5, 2019

US online retailer Amazon is planning to make French businesses using its platform pay France's new digital tax instead of taking the hit itself, the company announced on Thursday.

The GAFA tax (an acronym for Google, Apple, Facebook, and Amazon) put France at the forefront of countries seeking to force big tech companies to pay more taxes in the markets they operate, which has not gone without threats of retaliation from the US.


As...

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