The Biden administration vowed that they have “Australia’s back” to push back against China’s “unfair” trade practices. The Morrison government seeks international support on Australian wine to fight against Beijing’s tariffs. Australia is yet to receive the request to join the consultation on the more recently launched challenge against China's tariffs on Australian wine. European Union is also set to join the third party if the dispute between Australia and China moves to another level at the World Trade Organization. Australia has larger trade litigation specialists
An emergency summit in Jakarta was attended by the team member states of Association of South East Asian Nations (ASSEAN) including Myanmar addressed the ongoing crisis in Myanmar since February 2021 coup by its military. Since the coup, the junta has taken over the country’s governance, over 700 people had lost their lives, thousands of civilians have been arrested, & the country has been trying to disintegrate the civil conflict. Consensus reached by the participating countries in the emergency summit is for 5 key points. It is an important way forward for dealing with the fallout of
India's Most Influential Real Estate Brands & Leaders 2020-21 by Wealth Listing of Top 50 Real Estate Brands and Leaders by AsiaOne Magazine & URS International Media About AsiaOne AsiaOne is an international media house and the only Business & News magazine with a pan-Asia presence. We are the pioneers, and now experts, of research-based listing of Brands & Leaders in Asia, Africa and the GCC. We supplement our listing with National & International Business & Social Summits and Awards functions. As India has progressed to become the fastest growin
Turkey, a transcontinental country, and Greece, a Southeastern European nation has agreed to resume dialogue between them that aimed at resolving long intensified disputes following a week-long standoff over the fair sharing of natural resources in the Eastern Mediterranean region. In a statement released from the Greek Foreign Ministry said that officials from both countries would “shortly” gather in Istanbul for a 61st meeting. The two NATO allies locked horns over energy prospecting rights in an area between Turkey’s southern coast, several Greek islands, and the wardivided island of
The governments of India, Japan, and Sri Lanka, through a tripartite agreement, have decided to develop a container terminal at Port of Colombo. A Memorandum of Cooperation (MoC) was signed in Colombo by Sri Lankan Port Minister Salaga Ratnayake, Indian High Commissioner to Sri Lanka Taranjit Singh Sandhu, and Japanese delegate to develop East Container Terminal (ECT). According to media reports, the new container terminal is located at the recently developed south part of Post of Colombo and will enable the related countries to develop a facility for large container ships. After getting ap
Hong Kong’s stock market has overtaken Japan to become the World’s 3rd largest stock market. The city’s equity market has become the 3rd most valuable, and just closely behind the US and mainland China. The market value of the companies listed on Hong Kong bourses stood at $5.78 trillion, overtaking Japan’s stock market value that pegged at $5.76 trillion. Hong Kong’s stock market benchmark Hang Seng Index rose 17% since the beginning of the year, adding $937 billion of market value for stock trading with a major contribution from Tencent Holdings Ltd. that gained 22%. The bourse cl
India is now the 6th wealthiest country in the world with fortunes raised massively from the year 2016 to an astounding $8,230 Billion in 2017. It has been rated as the best performing market globally. New World Wealth is a global wealth intelligence and market company that specializes in ratings, surveys, country reports and wealth statistics. It uses the total wealth of a country as an indicator to assess the economic patterns and determine the wealthiest of nations, and refers to the fortunes owned by all individuals living in each state, city or constituency. It includes cash, property s
Reported in June 2018, a sell-off of Chinese stocks due to the trade war between the two biggest economies of the world has resulted in lowering Asian equities to a 4-month low. United States President Donald Trump has further threatened new tariffs on Chinese goods. A 10 per cent imposition on $200 Billion worth goods is expected as a comeback to China’s decision of raising tariffs on $50 Billion U.S goods. China has warned Washington that it will take substantial measures if any more additional list of tariffs on its products were published. Asian Economies like Taiwan, South Korea and So
India has been designated as the world’s fastest growing economy with the World Bank’s projection of its growth rate at 7.3% for the year 2018. The World Bank is an international financial institution that provides loans to countries of the world for capital projects. The Global Economic Prospects is a World Bank Group flagship report that examines global economic trends, developments and prospects, with a special emphasis on upcoming markets and developing economies. After five consecutive slow quarters, India’s GDP growth bottomed out in the middle of 2017 and finally rose vigorously i
Saudi Arabian Monetary Authority and UAE Central Bank announced the launch of common digital currency ‘Aber’ to forge closer financial ties. On 29th Jan 2019, both the apex monetary bodies released a joint statement mentioning that the new digital currency will be used in financial statements between the two countries through Blockchains and Distributed Ledgers technologies. This new digital currency also serves as an additional medium for financial remittances between the two countries. In the initial stages, this pilot project concentrates on the technical aspects and focuses on the