Economy

China and U.S Agree to Continue With Trade Talks

The spokesman of China’s commerce ministry Gao Feng, said that China and United states had agreed to restart trade talks in the near future to assess the progress of a phase 1 trade deal the two countries entered back in February. The spokesman made the sentiments during an online weekly briefing however, he did not […]

Chrystia Freeland Appointed New Canada’s Finance Minister

Canada’s Prime Minister Justin Trudeau has appointed Chrystia Freeland as the new finance minister. Following the appointment Trudeau also promised to put new bold measures in place which will help the country recover from the pandemic. Former finance minister, Bill Morneau, resigned on August 18 after some differences with the Prime Minister. One day after […]

New Zealand Postpones Elections Due to Increasing Coronavirus Infections

The Prime Minister of New Zealand Jacinda Ardern, has announced having postponed the country’s general elections by one month to October 17. Ardern says main reason behind the move is the rising numbers of coronavirus infections in New Zealand especially at the city of Auckland which is under lockdown. “Ultimately, the 17th of October provides […]

Biden Picks Senator Kamala Harris as His Running Mate

Democratic Party candidate for upcoming U.S Presidential elections Joe Biden has named Senator Kamala Harris as his running mate it the election slated for later in the year. This announcement makes Harris the first ever black woman to be on a major U.S party presidential ticket. Additionally, she is also the first Asia-American woman to […]

O’Brian Says China is Targeting Upcoming U.S Elections with Cyberattacks

White House National Security adviser Robert O’Brien is accusing China of intending to interfere with upcoming U.S Presidential elections slated for November. According to him, hackers linked to Chinese government are intending to penetrate the elections infrastructure. “They’d like to see the President lose. Face the Nation. China, like Russia, like Iran they’ve engaged in […]

Chinese Companies Failing U.S Accounting Standards Will be Delisted

United States Treasury Secretary Steven Mnuchin has announced that Chinese companies and companies from other countries listed in the U.S markets which do not comply with the U.S accounting system will be delisted from U.S stock markets before 2022 wraps up. During the past week, Mnuchin and other officials recommended the proposal to U.S. Securities […]

Three Socials Takes Down President’s Trump Posts Citing Coronavirus Misinformation

Three social networks Facebook Inc. (FB) YouTube and Twitter Inc. (TWTR) pulled down multiple posts by U.S President Donald Trump generally citing that the posts contained misleading information about coronavirus pandemic. Facebook said it pulled down a post by the President since it violates rules in place against sharing misinformation about coronavirus. “This video includes […]

China Tells Japan Banning TikTok Will Have Consequences

It’s in the public domain that Chinese short video sharing social network TikTok has been facing hurdles concerning how it handles its users data and security of the data. This week alone a lot has been happening concerning the app, first U.S President threatened to ban in in United States nu later he retracted from […]

U.S Has Lost Almost $100 Million to Coronavirus Related Frauds and Scams

According to a report published by a consumer protection group SocialCatfish.com so far, United States has lost around $100 million to coronavirus related frauds since the pandemic set foot in the beginning of the year. Since the virus was declared a global pandemic, affected victims in the United States have lost $97.4 million up to […]

Bank of England Contemplating Extending Payouts Suspension

The Central Bank of Britain also known as Bank of England announced that it’s considering extending a suspension of payouts by banks. The bank said it’s assessing whether to prolong the suspension of payouts including share buybacks and dividends by banks which is due end of year. “The assessment will be based on the current […]