News

The EU has vowed to expand existing punitive measures against Russia in case of “further aggression” towards Ukraine as Joe Biden sought to deter Vladimir Putin from undertaking a military assault on the country. Ursula von der Leyen, the EU commission chief, told EU ambassadors on Tuesday the bloc would “respond appropriately to any further
0 Comments
The US is delaying a deal to remove Trump-era tariffs on UK steel and aluminium because of Washington’s concerns about London’s threats to change post-Brexit trading rules in Northern Ireland. Brussels and Washington have repeatedly warned London that unilaterally changing the EU-UK accord that sealed Britain’s exit from the bloc in 2020 could threaten peace
0 Comments
Asia-Pacific stocks began the trading week lower, extending a decline triggered on Friday by the Omicron coronavirus variant, but markets showed signs of recovery by mid-morning on reports that the virus strain presented only mild symptoms. Australia and Japan recorded the region’s biggest declines on Monday, where shares fell sharply in early trading before recovering
0 Comments
Two Deutsche Bahn employees alleged that some senior staff at the state-owned railway company misused corporate funds as part of widespread fraud at one of Europe’s largest infrastructure projects. While an investigation into the allegations was under way, one of the employees was fired. Fearing retaliation, the second whistleblower abruptly broke off contact with compliance
0 Comments
China’s hypersonic weapon test in July included a technological advance that enabled it to fire a missile as it approached its target travelling at least five times the speed of sound — a capability no country has previously demonstrated. Pentagon scientists were caught off guard by the advance, which allowed the hypersonic glide vehicle, a
0 Comments
Joe Biden and Xi Jinping have agreed to hold talks aimed at reducing tensions, as US anxiety grows at China’s expanding nuclear arsenal and its recent test of a hypersonic weapon. Jake Sullivan, US national security adviser, said the US and Chinese presidents had discussed the need for nuclear “strategic stability” talks in their virtual
0 Comments
Beijing has accused the EU of risking damage to world supply chains by throwing up regulatory and trade hurdles to foreign businesses, warning “discriminatory” practices could strain the global recovery from the coronavirus pandemic. The Chinese ambassador to the EU said the European Commission’s drive to sharpen its trade toolkit was seen by some businesses
0 Comments