TRADE WARS - INDO DAILY

G7 adopts global infrastructure plan in riposte to China

Jun 12, 2021 (AFP)

The adoption of the US-inspired "Build Back Better World" (B3W) project came after President Joe Biden and leaders met to address "strategic competition with Ch...

Foreign businesses shocked by rollout of China's anti-sanctions law

Jun 11, 2021 (AFP)

The law came into effect on Thursday, adding to China's toolbox as it builds its defences against US and EU pressure over trade and human rights. The move also ...

G7 countries move closer to tax plan for US tech giants

Jun 11, 2021 (AFP)

The group, including Britain, Canada, France, Germany, Italy, Japan and the United States, has visions of a global tax rate of at least 15 percent on the multin...

Markets mostly up as inflation spike seen as temporary

Jun 11, 2021 (AFP)

The keenly awaited US consumer price index for May came in at a forecast-busting five percent annually, well up from April and the highest in 13 years owing lar...

Yellen says 'concerned' debt relief could aid Chinese lenders

Jun 10, 2021 (AFP)

In April, G20 countries including the United States agreed to extend until December a moratorium on debt interest payments for the poorest nations, amid fears t...

Asian markets mostly down as investors jostle before inflation, ECB

Jun 09, 2021 (AFP)

Global markets have essentially been in a holding position this month as traders try to determine the outlook for central banks' policies in light of the surgin...

Biden keeps pressure on China, aims spending at competitive edge

Jun 08, 2021 (AFP)

After maintaining tariffs Trump imposed on Beijing and expanding a blacklist of Chinese firms, Biden is now pushing Congress to approve a plan to invest in rese...

EU chief defends China deal ahead of US summit

Jun 08, 2021 (AFP)

The president of the European Council, Charles Michel, will meet Biden at this weekend's G7 summit in Cornwall, before hosting him in Brussels next week for EU-...

Chinese exports up 28%, imports hit decade-high

Jun 07, 2021 (AFP)

Demand for China's goods has bounced after economically painful lockdowns last year due to the Covid-19 crisis, and as vaccines are rolled out across much of th...

Apple faces employee resistance in office return plan: report

Jun 07, 2021 (AFP)

The iPhone maker, which faces a dilemma similar to other firms seeking to reopen after pandemic restrictions, has called for employees to return three days a we...

China mulls new law to fight foreign sanctions

Jun 07, 2021 (AFP)

The country's legislature debated a draft law on opposing foreign sanctions, state television reported without offering further details. Only last week Beijing ...

Small Sri Lanka harbours big maritime ambitions

Jun 06, 2021 (AFP)

The MV X-Press Pearl burned for 13 days, releasing tonnes of chemicals and plastics. The sinking ship's nearly 300 tonnes of fuel oil may now leak into the Indi...

China rebukes Biden for 'suppressing' Chinese firms with list

Jun 04, 2021 (AFP)

Biden on Thursday widened a list to 59 Chinese companies that are off-limits to American investors over their links to Beijing's "military-industrial complex", ...

Parking lots: Car space sells for $1.3m in Hong Kong

Jun 04, 2021 (AFP)

The 12.5 square-metre (135 square-foot) spot is part of a development on The Peak, a swanky area that has attracted some of the city's richest residents since c...

Markets wobble in Asia as blockbuster data fan taper fears

Jun 04, 2021 (AFP)

Wary traders were also keeping tabs on China-US relations after Joe Biden almost doubled the number of firms included on an investment blacklist, in the latest ...

Biden expands blacklist of Chinese firms off-limits to US investors

Jun 03, 2021 (AFP)

Former president Donald Trump in November issued a list of 31 Chinese companies that were deemed to be supplying or supporting China's military and security app...

Montenegro learns true cost of China-backed $1 bn road to nowhere

Jun 02, 2021 (AFP)

The government has already burnt through $944 million in Chinese loans to complete the first stretch of road, just 41 kilometres (25 miles), making it among the...

Amazon shifts policy on controversial worker monitoring system

Jun 02, 2021 (AFP)

Workers at Amazon warehouses are hurt more often and more severely than peers employed at retail rivals such as Walmart, the Strategic Organizing Center said in...

Australia's Cormann takes over as head of OECD

Jun 01, 2021 (AFP)

Cormann, whose nomination in March was celebrated as a diplomatic triumph in Australia, served as finance minister for seven years until late 2020 in right-wing...

Crude, sterling and equities advance on recovery optimism

Jun 01, 2021 (AFP)

Wall Street and London were closed Monday for holidays meaning there were few drivers for buying, with the general theme continuing to be the global economic re...