As a consequence of the increasing frequency and market-moving impact of Trump’s announcements on social media in August, with the president hammering China on trade and going after the Federal Reserve on interest rates, JP Morgan devised a “Volfefe Index” to analyze how the president’s tweets are influencing volatility in US interest rates.
MOSCOW (Sputnik) - The British Airways company has cancelled over 1,500 flights as a result of strikes of pilots scheduled for Monday and Tuesday, media reported Sunday.
China's exports unexpectedly fell in August as shipments to the US slowed sharply, with China expecting to announce more support measures soon to avert the risk of a sharp economic slowdown, the BBC reported.
Earlier, Trump touted the strength of the US economy, which he claimed is “the best in the world.” This was preceded by his slamming the US media for doing its utmost “to crash the economy because they think that will be bad for me and my re-election.”
In June, the US Senate Armed Services Committee passed a bill to express “serious security concerns” over a contract allowing an unnamed Chinese company to operate in the Israeli port of Haifa, which has regularly hosted joint US-Israeli drills.
The China-Pakistan Economic Corridor (CPEC) is a collection of infrastructure projects that are being completed in Pakistan, which is set to become a crucial leg of the broader Belt and Road Initiative.
Earlier, Iranian Minister of Oil Bijan Namdar Zanganeh underscored that Tehran is working “day and night” to find ways to export its crude amid US efforts to bring the Islamic Republic’s oil exports to zero.
Russia has been stockpiling gold bullion in recent years in an attempt to lessen its economy’s reliance on the US dollar, with forecasts showing the country’s gold and foreign exchange reserves are set to outstrip those of Saudi Arabia.
Moscow School of Management SKOLKOVO and the Indian School of Business have signed a partnership agreement during the Eastern Economic Forum that’s currently being held in the Russian city of Vladivostok in the Far East region. Andrei Sharonov, the President of Russia’s Skolkovo School, said that the two institutions agreed to conduct joint educational modules together and also in cooperation with other leading business schools in Europe and the US.
Earlier, Huawei revealed that it had clinched deals on more than 50 commercial 5G contracts around the world despite being blocked from some major markets, including Japan and Australia, amid the escalating China-US trade war.
Russia's Far Eastern city of Vladivostok hosted the fifth edition of the Eastern Economic Forum from 4-6 September. Mark Dudley, Regional Director for InterPacific Aviation and Marketing, spoke about the need to promote the brand of Russian regions in the United States. He also commented on US sanctions and their impact on tourism, as well as relations between Russia and the United States.
MOSCOW (Sputnik) – China has offered the United States’ high-ranked trade officials to buy a modest amount of US agricultural products during a phone call earlier this week in a peace gesture ahead of trade talks between the two nations, media reported on Saturday.
WASHINGTON (Sputnik) - All topics will be on the table when senior officials from the United States and China meet for another round of trade negotiations in Washington next month, White House chief economic adviser Larry Kudlow said on Friday.
Last month, People’s Bank of China spokesman Mu Changchun announced that the country’s digital currency was almost ready for launch. This was preceded by Facebook signalling its readiness to launch its own digital coins to be “fully backed” by real asset reserves.
MOSCOW (Sputnik) - German Chancellor Angela Merkel said during her meeting with Chinese Premier Li Keqiang in Beijing that trade negotiations between Beijing and Washington had already affected German companies, media reported Friday.
VLADIVOSTOK, Russia (Sputnik) - Russian State Development Corporation VEB.RF is planning to finance the production and development of Russia's first serial Mi-38 and Ka-62 helicopters worth about 4 billion rubles ($60 million), Deputy Chairman Artyom Dovlatov said Friday.
The move, which is expected to bolster the ailing Finnish telecom giant, has been linked to spying accusations against Huawei and efforts to block the Chinese company from rolling out Europe's next generation 5G network.
PARIS (Sputnik) - Aigle Azur, one of France's largest air carriers, said it will cancel all flights beginning on Friday night amid financial difficulties, local media reported, citing the company's internal document.
VLADIVOSTOK (Sputnik) - Japanese Prime Minister Shinzo Abe has urged Russian President Vladimir Putin to conclude a peace treaty, fulfilling the "historic mission".
VLADIVOSTOK, Russia (Sputnik) - The Russian Direct Investment Fund (RDIF) has stated that it signed an agreement with the Russian government to develop the artificial intelligence (AI) industry in the country.