News

Nearly £50 million boost for Britain’s industrial future

£49.4 million government funding for new industrial fuel switching technology £49.4 million government funding to help British industry end their reliance on fossil fuels and reduce energy costs funding...

Biden Pushes for Tax Reform and Relief in Economic Blueprint

US President Joe Biden has committed to push for further corporate tax reform and individual income tax relief in his administration's Economic Blueprint released on 9 September 2022. The...

Africa in Review by the Numbers (July 2022)

$60 million  Financial package has been signed by the African Development Bank (AfDB) comprising $50 million subordinated debt to support CRDB Bank’s regional expansion efforts and a senior loan of $10...

Economy Statement by Benjamin Harris, Assistant Secretary for Economy Policy, for the Treasury Borrowing Advisory Committee August 1, 2022

Economic data were mixed in the second quarter of 2022.  Real GDP contracted mildly for a second consecutive quarter, but employment continued to rise.  Firms added an average of...

Swiss retail trade turnover rises in June

Turnover adjusted for sales days and holidays rose in the retail sector by 3.2% in nominal terms in June 2022 compared with the previous year. Seasonally adjusted, nominal turnover...

Dubai Chamber of Commerce member exports and re-exports exceed AED 129 billion in H1-2022

The value of member exports and re-exports in the first half of 2022 amounted to AED 129.4 billion, marking a 17.8% increase compared to the same period last year....

UAE to develop and launch advanced radar satellite constellation under new AED3 billion space sector fund

ABU DHABI, 17th July, 2022 (WAM) -- Under the auspices of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, and His Highness Sheikh Mohammed bin Rashid Al...

First Round of Negotiations On a Free Trade Agreement between the European Union and India

The first round of EU-India FTA negotiations took place in New Delhi between 27 June and 1 July 2022, with parallel negotiations taking place on investment protection and geographical...

China’s Hainan sees trade grow with RCEP members

South China's island province of Hainan saw its trade with members of the Regional Comprehensive Economic Partnership (RCEP) grow rapidly in the first five months of this year, local...

China rolls out measures to spur automobile consumption, circulation

China has unveiled a slew of measures to invigorate automobile circulation and boost auto consumption, as multiple factors have weighed heavily on the industry. The Ministry of Commerce and...