Kenya to Lift Tariffs on US Items Under FTA
Kenya will gradually remove tariffs on U.S. products as part of its objectives in the Free Trade Agreement. This move will help protect the country's key economic sectors as Kenya [...]
Brazil Suspends WhatsApp Payments, Cites Competition Concerns
The Central Bank of Brazil, on Tuesday, 23rd June 2020, ordered Visa and Mastercard to suspend the rollout of WhatsApp Payments service, citing fears that the service would be anti-competitive. [...]PayPal to Sell Cryptocurrency to its 325 Million Users
Paypal plans to roll out direct buying and selling of cryptocurrency through Paypal and Venmo, it's subsidiary. According to sources close to Coindesk, the company will have to launch a [...]Foreign Workers Suffer as American Visa Ban Hits 525,000 People
President Trump yesterday announced a visa freeze that will affect about 525,000 people. The American Visa freeze will run through the end of the year and affect 170,000 people seeking [...]American Airlines to Raise $3.5 Billion in New Financing
American Airlines Group plans to raise $3.5 billion in new financing, a move that seeks to boost its liquidity amid the global COVID-19 pandemic. The airline outlines its plans as [...]Boost to Tourism as Spain Reopens Borders to European Tourists
Spain reopened its borders to European tourists on Sunday, 21st June 2020. The nation seeks to kickstart its economy, which took a dip due to the coronavirus lockdown. Spain also [...]Reprieve as Poorest Countries to Save $12 Billion in Debt Relief
Data from the World Bank reveals that the world's poorest countries could save up to $12 billion, which they owe to sovereign nations and other creditors this year through their [...]Global Trade Week Virtual Exhibition Kicks Off
With the stay home orders slowly being the new norm, MIE Events DMCC is bringing the very first online B2B Exhibition Platform the Global Trade Week Virtual Expo. With [...]Kenya Clinches Non-Permanent Seat at UN Security Council
Kenya clinched non-permanent seat at the UN Security Council (UNSC) after garnering 129 votes which is above the required threshold of two-thirds of the cast votes. Its main rival Djibouti [...]
Tesla Reaches a New 3-Year Battery Deal with Panasonic
Electric car maker, Tesla, and Japan's Panasonic have signed a three-year pricing deal relating to the manufacture and supply of lithium-ion battery cells. The agreement sets the specific terms between [...]US Allows Companies to Work with Huawei on 5G Standards
The United States has amended its restrictions on Huawei, henceforth allowing its companies to work with Huawei on setting standards for next-generation 5G networks. According to the Commerce Department, the [...]Singapore Leads in Economic Competitiveness
Singapore has been ranked 1st in the Institute for Management Development (IMD) world economic competitiveness ranking for 2019, the second time in a row. US and China trailed at 10th and 20th [...]
