US, China face deep trade, IP differences in high-level talks

WASHINGTON: The United States and China launch a critical round of trade talks on Wednesday amid deep differences over Washington’s demands for structural economic reforms from Beijing that will make it difficult to reach a deal before a March 2 US tariff hike. The two sides will meet next door to the White House in […]

Former Nissan boss Ghosn has a conspiracy theory

Tokyo. Fallen auto titan Carlos Ghosn said his arrest for alleged financial crimes was the result of a “plot” against him by Nissan Motor Co. executives trying to prevent the Japanese carmaker’s deeper integration with Renault SA. There was a plan to combine Nissan with Renault and third partner Mitsubishi Motors Corp, Ghosn told Japan’s […]

Is UAE’s Souq set to finally be replaced by Amazon?

Dubai: Will Souq.com soon disappear, leaving in its place Amazon.ae? Nearly two years after the US online retail giant purchased Souq for $580 million, a source-led report from CNBC on Tuesday suggested that may be exactly what is about to happen. According to the article, Amazon has recently been contacting large North American wholesalers to […]

UAE accuses Qatar of banning its products, files WTO complaint

The United Arab Emirates has filed a complaint against Qatar at the World Trade Organization saying Doha has imposed a ban on Emirati products, UAE state news agency WAM said on Tuesday. The UAE, Saudi Arabia, Bahrain and Egypt have imposed a diplomatic, trade and transport boycott of Qatar since June 2017 over allegations Doha […]

China maintained a current account surplus in 2018: regulator

BEIJING. China retained a current account surplus in 2018 and it will remain basically balanced in future, the foreign exchange regulator said on Wednesday. China’s current account is slowly swinging from a decades’ long surplus towards a deficit. Analysts say that will mark a major structural shift in global capital flows in and out of […]