Nissan to End Merger Talks With Honda Nissan Motor Co. has formally informed Honda Motor Co. of its decision to terminate merger negotiations. This move would likely bring an end to the restructuring attempt that aimed to create the world’s third-largest automotive group. Local media reported this on Thursday, Nissan CEO,...
Saudi Arabia Rejects Trump’s U.S. Gaza Takeover Proposal The Kingdom of Saudi Arabia says it has “unequivocally rejected” Trump’s proposal for the U.S. to take over the Gaza Strip, a Palestine territory. A statement from the country’s Ministry of Foreign Affairs said Saudi Arabia was vehemently opposed to the idea, and...
China Files Complaint With World Trade Organisation Against U.S. Tariffs China has lodged a complaint with the World Trade Organisation (WTO) over the new tariffs imposed by the United States on goods from China, the WTO said on Wednesday. “China has requested WTO dispute consultations with the U.S. in regard to...
China Imposes 15% tarrifs on U.S Coal, LNG Imports China will introduce tariffs of 15 per cent on imports of liquefied natural gas (LNG) products and coal from the United States in response to US tariffs. The Ministry of Finance in Beijing announced on Tuesday. According to the ministry, a 10...
WHO Meets as U.S. Withdrawal Blows Hole in Budget The executive board meeting of the World Health Organisation (WHO) on Monday was set to take on an atmosphere of crisis as it grappled with the consequences of the looming withdrawal of the U.S. Since President Donald Trump ordered the U.S. to...
Trump Threatens BRICS Countries with 100% Tariffs U.S. President has threatened the BRICS group of emerging economies with tariffs of 100 per cent if they move away from the U.S. dollar as an international means of payment. “The idea that the BRICS Countries are trying to move away from the Dollar,...
China’s Oil, Gas Output Exceeds 400m Tonnes for First Time China’s crude oil and natural gas output exceeded 400 million tonnes of oil equivalent for the first time in 2024, according to the National Energy Administration. The country’s crude oil and natural gas output has sustained a robust annual growth streak...
UAE Hydrocarbon Revenue, Fiscal Surplus to Moderate -IMF The United Arab Emirates, UAE, hydrocarbon revenue has been forecasted to decline amidst volatile oil prices in the global commodity market, the International Monetary Fund said after a visit in January. In an official statement, IMF noted that UAE’s strong economic growth continues,...
Trump’s Foreign Policy: Buy Greenland, End Ukraine War Republican President-elect Donald Trump says he plans to acquire Greenland, bring the war in Ukraine to a close, and fundamentally alter the U.S. relationship with NATO during his second four-year term. In recent weeks, he has also threatened to seize the Panama Canal...
US Dollar Falls Against Major Currencies The US dollar fell against its major trading partners early Monday, except for an increase versus the loonie or Canadian dollar, to start off a quiet week that will be broken up by the Christmas holiday on Wednesday. A quick summary of foreign exchange activity...