Trade

    • No breakthrough in UK-EU trade talks

      No breakthrough in UK-EU trade talks

      Britain and the EU failed on Wednesday to agree any solutions to ease post-Brexit trade with Northern Ireland, news wires reported. The standoff is not only deepening mistrust between the two sides but could also cloud a weekend G7 summit, according to Reuters.

      36
    • Crucial talks on Northern Ireland to resume

      Crucial talks on Northern Ireland to resume

      Crucial talks on a part of the Brexit deal that governs trade with Northern Ireland are to resume this week, expectedly on Wednesday, with both sides urging reason to prevail, news wires reported. While Britain called on the EU to be more pragmatic, Brussels urged London to help rebuild trust.

      52
    • UK in talks to join the Trans-Pacific trade accord

      UK in talks to join the Trans-Pacific trade accord

      UK announced it had stepped up efforts to join the Trans-Pacific Partnership, BBC reported. The new alliance is seen as a substitute to the EU. UK hopes to join the other 11 member countries shortly. The British government, which asked to become a member of the TPP in February, said membership was a huge opportunity in a post-Brexit world.

      46
    • Crypto miners squeezed by new crackdown

      Crypto miners squeezed by new crackdown

      Big international crypto miners suffered intensive pressure from China and that hampered the price of Bitcoin and other crypto assets, Reuters reported. The operation of Beijing was focused on Bitcoin mining and trading. A State Council committee led by Vice Premier Liu announced the crackdown as part of efforts to fend off financial risks.

      76
    • EU trade ministers to discuss US steel dispute

      EU trade ministers to discuss US steel dispute

      EU trade ministers will discuss today in Brussels a dispute over steel and aluminium tariffs with US officials, German Economy Minister Peter Altmaier said. "We have the opportunity to create a new basis for global trade politics with the new US administration," he said.

      99
    • Germany sees 2021 GDP grow by 3.5%

      Germany sees 2021 GDP grow by 3.5%

      Strong demand on international markets has given Germany the steam to accelerate economy at faster than expected pace, Reuters reported. The biggest European economy is now expected to grow by 3.5% in 2021, up from previous government forecast of 3% issued earlier in January. The upwards change is linked to better than expected results in the last quarter of last year in combination with robust commodity demand from China and US. Germany is expected to further grow by another 3.6% in 2022.

      67
    • Coffee drags Nestle to strongest quarter in a decade

      Coffee drags Nestle to strongest quarter in a decade

      Food and beverage giant Nestle announced it had posted record sales in the first quarter of 2021, driven by a surge in demand for coffee, pet care and dairy products, Reuters reported. This is the strongest quarterly sales growth in 10 years. Nestle cruised through pandemic with positive financial results as people in lockdowns worldwide consumed larger volumes of packed products. It also expanded sold volumes of healthcare and cosmetics products on the back of rising online sales.

      53
    • Amazon launches pay-by-palm stores

      Amazon launches pay-by-palm stores

      The global e-commerce giant announced it had introduced its new pay-by-palm technology in some of the Whole Foods groceries, AP reported. The points with the newly introduced biometric authorized payments are located near the company’s headquarters. The innovation allows customers to use their palms to connect o an Amazon credit card and authorize payments. The technology, called Amazon One, lets shoppers scan the palm of their hand and proceed with their transactions.

      81
    • UK exports to EU return to robust growth

      UK exports to EU return to robust growth

      Trade relations between UK and EU have returned to the fast growth lane in February after the registered January disruption, BBC reported, quoting official statistics data. British exports to the EU jumped by 46.6%,  to £11.6bn, following January's 42% slump when firms struggled with new trade rules related to Brexit. However, the UK Office for National Statistics noted that exports were still below last year's levels and imports from the EU had seen a weaker recovery. Other figures from the ONS showed the UK economy grew by 0.4% in February.

      75