Economy

Beijing, June 23 (EFE).- China and the European Union have agreed to begin a consultation process on tariffs imposed by the bloc on Chinese electric vehicles. China’s Commerce Minister Wang Wentao and Executive Vice President of the European Commission (EC) Valdis Dombrovskis spoke over a video conference on Saturday night...

Los Angeles, June 22 (EFE).- “Inside Out 2” has surpassed $500 million in global box office collections, becoming the highest-grossing film in the United States in 2024 after just eight days in theaters, Walt Disney said on Saturday. The sequel to the 2015 hit about the inner workings of a...

New York, June 20 (EFE).- President Joe Biden’s administration has banned Russia-based cybersecurity firm Kaspersky from selling its antivirus products in the US over national security concerns due to the company’s links with the Kremlin. Secretary of Commerce Gina Raimondo emphasized the risks posed by Kaspersky’s connections to Moscow and...

London, Jun 4 (EFE).- British Prime Minister Rishi Sunak’s Conservative Party on Tuesday announced plans to introduce an annual visa cap to guarantee a decrease in legal immigration in the coming years. «We have taken bold action to cut the number of people coming to this country. The plan is...

New Delhi, Jun 3 (EFE).- Indian stock indices opened with huge gains on Monday, a day before the announcement of the general election results, in which Prime Minister Narendra Modi is predicted to win according to several exit poll projections. Sensex, an index of the top 30 companies with the...

Bangkok, May 23 (EFE).- Singapore authorities reported Thursday that the economy rose 2.7 percent year-on-year in the first half thanks in part to sectors related to tourism, which experienced an improvement due to Taylor Swift’s and Coldplay’s concerts. The city-state’s commerce ministry said in a report that GDP growth was...

Beijing/Shanghai, China, May 22 (EFE).- China is considering raising temporary extra tariffs on imported vehicles with large displacement engines in response to recent levies announced by the United States and an ongoing anti-subsidy probe by the European Union on Chinese electric vehicles. In a statement released on Wednesday, the Chinese...

Washington, May 14 (EFE).- The United States does not rule out additional tariffs if China begins to manufactures electric vehicles in Mexico, US Trade Representative Katherine Tai said on Tuesday. During a press conference at the White House, Tai referred to plans by Chinese companies to set up manufacturing plants...

Data theft affects millions Islamabad, Mar 27 (EFE) – An investigation has revealed that personal information of more than 2.7 million Pakistanis has been “stolen” from the records of a government-run body that regulates the database of citizens. A government official said on Wednesday that a team was formed to...

Islamabad, Mar 20 (EFE).- Pakistan and the International Monetary Fund (IMF) reached a staff-level agreement under which, if approved, the debt-ridden South Asian economy will get a disbursement of $1.1 billion, the global lender said Wednesday. A vendor waits for customers at a grocery shop in Peshawar, Pakistan, 08 June...

New Delhi, Feb 26 (EFE).- Indian farmers called for a “tractor chain” to create a blockade around New Delhi on Monday, as part of the massive agrarian protests underway for almost two weeks demanding minimum support prices (MSP) for their crops. “A program to take out a ‘tractor chain’ has...

New Delhi, Feb 22 (EFE).- Social media platform X said Thursday that an «executive order» had been issued by the Indian government requiring the platform «to act on specific accounts and posts,» amid tense farmer protests in the country. «The Indian government has issued executive orders requiring X to act...