Trade war

IMF calls for reforms of China’s Growth model

The International Monetary Fund says that the potential growth of China is falling. The country is in need of comprehensive economic reforms. The international organization has made this call because Chinese investments are diminishing. Also, the growth model of china ..

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EU bans Russian oil

The Russia-Ukraine crisis intensified as Ukrainians wanted their government to join European Union. Though the issue revolved around the Crimean peninsula and its annexation by Russia, the issue exploded with Ukraine’s plan to join the EU. When Russia invaded Ukraine ..

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China’s Lithuania Blockade

The Chinese Government recently launched import sanction on Lithuania. This means the Chinese companies should not import goods or raw materials from Lithuania. Earlier in 2021, Lithuania had recognised Taiwan as an independent state and had opened a Taiwan office ..

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Japan to join Five Eyes Network

The Five Eyes network comprises of five nations namely Australia, Canada, Britain, US and New Zealand. Japan is now to join the Five Eyes network to become the sixth eye. About Five Eyes The Five Eyes network collaborated to respond ..

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US to impose Sanctions on China over its Hong Kong Law

On June 26, 2020, the US Senate approved the bill unanimously to impose sanctions on individuals and business that are undermining the autonomy of Hong Kong. What is the issue? China recently imposed a strict National Security Law on Hong ..

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US joins G7 partnership on Artificial Intelligence

The Leaders of Group of the seven wealthiest countries in the world had set up Global Partnership on Artificial Intelligence. Highlights The United States was not a part of the partnership initially. However, US is now joining the group to ..

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COP25 cancelled

On October 30, 2019, the Chile Government cancelled the Asia-Pacific Economic Cooperation (APEC) summit and the COP25 conference due to the ongoing protests in the country. The country’s president in a press meet said that the ongoing violent protests have ..

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US widens trade war with European states; Indian Sensex dips 200 points

The US imposed tariffs on 7.5 billion USD worth European exports. The WTO had earlier ruled that US could target goods from EU nations as they had failed to comply ruling regarding subsidies for Airbus. The US had imposed tariff ..

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