OUR NEWS

February 14, 2020

Tanzania has signed a $1.46 billion loan agreement with Standard Chartered Bank Tanzania to fund the construction of 550 km (341.75 miles) of standard gauge railway running between the commercial capital and central Tanzania.

Tanzania is building a network of standard gauge rail to replace an existing narrow gauge built more that a century ago.

In 2017, it said it planned to spend $14.2 billion over a five year period to build 2,561 k...

February 14, 2020

The Chinese capital Beijing on Friday imposed a 14-day self-quarantine on people returning to the city from holidays to prevent the spread of the new coronavirus, and threatened to punish those who failed to comply.

It was not immediately clear how the restriction, relayed by the official Beijing Daily newspaper, would be enforced, or whether it would apply to non-residents of Beijing or foreigners arriving from abroad.

China’s econom...

February 12, 2020

The value of Scotch whisky exports rose to a record high last year, backed by booming sales in countries such as Taiwan and India which helped offset concerns over tariffs and the uncertainty caused by Brexit.

Overseas sales of Scotch whisky rose more than 4% to 4.9 billion pounds in 2019.

The United States was the most valuable destination for Scotch, rising 2.8% to 1.1 billion pounds, even as tariffs on single malts and some liqueur...

February 10, 2020

Scottish salmon producers warned the British government on Monday that Brexit could place a burden of up to 8.7 million pounds on them if they were forced to provide export certificates for farmed fish sold to the European Union.

Prime Minister Boris Johnson’s government does not want to align with the European Union’s regulations so after the Brexit transition period ends at the end of 2020, Scottish farmed salmon will need Export H...

February 7, 2020

Jaguar Land Rover will reduce or stop production on certain days at two of its British factories over the next few weeks as Britain’s biggest carmaker pursues cost-cutting measures in response to falling demand.

JLR posted a 2.3% drop in retail sales in the three months to the end of December and has targeted billions of pounds worth of savings to tackle falling diesel demand in Europe and a tough sales environment in China.

The firm...

February 3, 2020

The European Union wants an ambitious future partnership with Britain, including zero tariffs and quotas, but will demand commitments to ensure open and fair competition, according to the EU’s draft mandate for negotiations released on Monday.

The demand for a level playing field was the only section in bold of the 33-page document.

“Given the Union and the United Kingdom’s geographic proximity and economic interdependence, the envisa...

January 27, 2020

British Prime Minister Boris Johnson said on Monday he would make a decision on Huawei’s role in 5G networks that would give consumers and businesses the benefits of the new technology without compromising national security.

Johnson is due on Tuesday to decide what role China’s Huawei will play in 5G telecoms networks but has faced intense pressure from President Donald Trump’s administration to block the Chinese company which the Un...

January 24, 2020

The Trump administration plans to unveil efforts on Friday to crack down on counterfeit and pirated goods sold on major e-commerce sites and urge companies to do more to vet third-party sellers and increase self-policing efforts.

Acting Department of Homeland Security Secretary Chad Wolf and White House adviser Peter Navarro will be among officials at a news conference on Friday to discuss the effort at the National Intellectual Prop...

January 22, 2020

 European shares reversed course and edged lower on Wednesday as U.S. President Donald Trump threatened to impose high tariffs on imports of cars from the European Union, pushing automobile stocks to a three-month low.

Speaking at the World Economic Forum in Davos, Switzerland, Trump warned of the tariffs if the EU did not agree to a trade deal. The EU and the United States have recently locked horns over issues ranging from a French...

January 20, 2020

The chief executive of Google parent company Alphabet (GOOGL.O) on Monday backed an EU proposal to temporarily ban facial-recognition technology because of the possibility that it could be used for nefarious purposes.

“I think it is important that governments and regulations tackle it sooner rather than later and gives a framework for it,” Sundar Pichai told a conference in Brussels organised by think tank Bruegel.

The European Commis...

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