Gold bounces to $1,500 per ounce, riding on the flareup of the trade and currency wars

Gold bounces to $1,500 per ounce, riding on the flareup of the trade and currency wars

London/New York: The intensifying trade war between the United States and China and the further flareup caused in it, because of the currency war, caused a huge leap in the Gold rates. On Wednesday, Gold reached a record level of $1,503 per ounce, in the transactions on the ‘COMEX Gold Futures’, in the United States. […]

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Acceptance of current Brexit agreement could threaten US-UK trade deal, warns President Trump

Acceptance of current Brexit agreement could threaten US-UK trade deal, warns President Trump

Washington/London: US President Donald Trump fired a salvo of criticism at the current Brexit agreement saying, ‘The draft of the Brexit agreement approved to be signed between the United Kingdom and European Union seems to be largely beneficial for the European Union. If this agreement is signed in its current form, the United Kingdom may […]

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Europe will give a fitting reply to US tariffs, warns Europe’s trade chief

Europe will give a fitting reply to US tariffs, warns Europe’s trade chief

Washington: Cecilia Malmstrom, the European Commissioner for Trade issued a stern warning to the United States, ‘If US President Donald Trump imposes taxes on European cars, Europe will retaliate with equivalent taxes. Europe will try to maintain the trade balance by targeting various US sectors. We are ready with the list of US goods and […]

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China will hit the Australian industry through trade blocks and cyber attacks, warn intelligence chief and diplomats

China will hit the Australian industry through trade blocks and cyber attacks, warn intelligence chief and diplomats

Canberra/Beijing: The repercussions of the Australian government’s aggressive stance against China may be felt by the industry in the country, was the serious warning issued by the officials in the intelligence and the foreign departments of Australia. China may create obstacles in the trade of the Australian companies and may even resort to cyberattacks, warned […]

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European companies back out of Iran after US President’s warning against trade with it

European companies back out of Iran after US President’s warning against trade with it

Brussels/Paris: US President Donald Trump had issued a stern warning to all, while withdrawing from the Iran Nuclear Deal last month, that any country who maintains ties with Iran will have to face consequences. The European Union had adopted an aggressive stance over it and had sharply retorted saying, ‘Europe isn’t US vassal’. However, in […]

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US will not trade with the EU, if an appropriate response isn’t received, warns President Trump

US will not trade with the EU, if an appropriate response isn’t received, warns President Trump

Washington: The European Union has taken undue advantage of the United States over last many decades and henceforth, this will not be tolerated. If there in no appropriate response from the European Union, United States will stop its trade with them , warned US President, Donald Trump. The main countries of the European Union, Germany […]

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Global arms trade reaches highest point since cold war era – Sipri report claims

Global arms trade reaches highest point since cold war era – Sipri report claims

Stockholm: Due to increased import from India, Saudi Arabia and other Gulf countries, global arms trade has reached its highest point. According to the latest report from Sipri (the Stockholm International Peace Research Institute), the global trade has reached its peak after the cold war era. This report about increased arms trade is all the […]

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China warns of protecting its trade rights if Trump Presidency implements tariff threats

China warns of protecting its trade rights if Trump Presidency implements tariff threats

Washington / Beijing : Donald Trump, after ascending to the Presidency, would be thoroughly informed about rules of World Trade Organisation (WTO) hoped China’s Trade Representative. But if required, China too would exercise its powers as the member of WTO, warned China’s Deputy International Trade Representative Zhang Xiangchen. This is the second time that China has […]

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US companies continue to dominate the global arms trade – Report by European think tank ‘SIPRI’

US companies continue to dominate the global arms trade – Report by European think tank ‘SIPRI’

Stockholm: On the background of the ongoing war between Russia and Ukraine, the demand for arms at the international level seems to be increasing continuously. In 2022, 100 big companies in the defence sector have sold arms worth about $ 600 billion. US companies continue to dominate this business, and 42 US companies have earned […]

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