UK, EU negotiators reach new deal on Brexit

By admin October 17, 2019 No comment

International Relations International Trade News

The representatives, who were sent by the European Union and the United Kingdom, have reached a new Brexit deal. UK President Boris Johnson has called the deal as great. The deal needs the assent of both the European Union parliament and the United Kingdom parliament. The DUP, the party based in the Ireland region of […]

Argentina to support economy: Imposes currency controls

By admin September 4, 2019 No comment

International Trade News

As severe economic crisis arises, Argentina has imposed currency controls, to support economy and to stabilise the markets. Some temporary measures have been announced on Sunday which allows the government to restrict foreign currency purchases. This causes a sharp drop in the super-sensitive peso. Central bank permission will be required for the firms for selling […]

No deal Brexit: Pound falls on currency markets

By admin July 30, 2019 No comment

International Trade News

As the government insists that the UK is prepared to leave the EU without a deal, the value of Pound continued to fall on currency markets. On Thursday, Sterling continued to slide on the foreign exchanges. Sterling hits a fresh two-year low of $1.2120 against the dollar. The currency of Pound also slid against the […]

EU phone call price cap started

By admin May 16, 2019 No comment

International Trade News

The cost of International calls from the UK to another EU country were capped at around 20p/min from Wednesday. The cheaper international calls and texts are part of the EU Commission’s plan for strengthening telecoms rules, after it banned roaming charges across the region in June 2017. Certain measured have been taken to make the […]

Bitcoin value shoots up suddenly

By admin April 2, 2019 No comment

International Trade News

The price of bitcoin shoots up to its highest level in almost five months on Tuesday. The world’s largest cryptocurrency bursts up 17 percent within 30 minutes today. The bitcoin is a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user […]

Russia-Germany pipeline project faces EU’s objection

By admin February 9, 2019 No comment

International Trade News

Several European Union countries have expressed their concerns about an oil pipeline project that connects Russia and Germany, named Nord Stream 2. The main concerns are that the pipeline project will make Germany more reliant to the Russian oil and that reliance may be misused by Russia to fulfil its political and economic goals. France […]

EU, US to intervene in Venezuela-Turkey-Iran gold trade

By admin February 4, 2019 No comment

International Trade News

Venezuela’s oil economy has almost died due to the US sanction. Now, it relies almost solely on its gold trade for its sustenance. The United Arab Empire, Russia and Turkey are the biggest importers of the Venezuelan gold. Of these three, Turkey’s trade with the socialist Latin American is the one which worries the European […]

West invents a way to evade the US’ sanction on Iran

By admin February 1, 2019 No comment

International Trade News

The three major western powers, such as Germany, the UK and France, have established a new payment channel to evade the United States’ economic sanction on the Middle Eastern country of Iran. The new payment channel, the Instrument for Supporting Trade Exchanges (INSTEX), shares no links with the US-linked payment channels the west presently uses […]