Economy Live

The US and European Union are inching closer to create an ambitious transatlantic trading zone, as diplomats have hinted that in the forthcoming summit in April a date for creation could be set. The basic idea of this initiative is to harmonize and.

European Union is considering promoting its business regulations internationally as it wants other jurisdiction to follow business norms set by the EU. A policy paper of European Commission calls on the EU to persuade other nations to adopt EU...

The US government has decided to write off $391 million bilateral debt that it has given to Liberia immediately and to work with the World Bank and IMF with great urgency to find a solution to the $2.1 billion debt that Liberia owes the multilateral..

House Democrats have escalated pressure on the Bush administration to persuade Japan to strengthen yen. Democrats are arguing that the weakness of yen is encouraging Japanese imports at the cost of US manufacturers. Undervalued Yen as alleged by...

Japan is considering joining the U.S. to file a complaint with the World Trade Organization against China. Japan has alleged that China, its largest trading partner, provides Chinese companies preferential taxes in order to gain unfair advantage...

South Korea rejects three successive US beef shipments as fragmented bone were found in the consignments. South Korea agreed last year to lift a three-year ban on beef imports from the US after Seoul conceded, allowing boneless beef, as it was banned..

The United States has begun legal action at the World Trade Organization (WTO), accusing China of using subsidies and implementing tariff, to harm US firms after failing to resolve the dispute bilaterally. US lawmakers and manufacturers have urged..

The European Union's top financial regulator described the US legislation on online betting as protectionist and hinted that it may take a legal course before the World Trade organization. The US legislation has prohibited banks and credit card...

China's successful anti-satellite missile test has triggered an economic and political firestorm in the United States. China has recently conducted a missile test that shot down one of its own satellites and this has made explicit that why...

As the meeting of trade ministers at Global Economic Forum in Davos drawing closer, the European Union's chief trade negotiator Peter Mandelson said that efforts to restart stalled global trade talks are now gathering momentum and showing new vigor...