Japan announces sanctions, freezes assets of 4 Russian banks

Japan’s Finance Minister announced on the 3rd that the additional economic sanctions against Russia will freeze the assets of VTB Bank, Bank Otkritie, Sovcombank, and Novikombank. The European Union has decided to exclude the four banks from the International Settlement…

China-Europe trade shows resilience with strong performance in 2021

Trade between China and European countries saw robust growth in 2021, exhibiting vigor and resilience in their economic cooperation in spite of a weak global recovery hobbled by the unabated spread of COVID-19. Official data showed China’s trade with the…

“PAK-CHINA Friendship Bundle” on Chinese New Year 2022

ISLAMABAD, Feb. 3 (Gwadar Pro) – Zong 4G of China Mobile Communications Corporation (CMCC) launched the Pak-China Friendship Bundle to celebrate both countries’ friendship that has weathered the test of time and grown stronger over the years. According to Zong…

China applies to join DEPA in boost for global digital trade

China has applied to join the Digital Economy Partnership Agreement (DEPA), an international agreement that establishes approaches and collaboration in digital trade issues, a move that experts say could help Chinese digital companies tap overseas markets more easily as they…

Xinhua: China has formally applied to join DEPA

中国商务部部长WANGWENTAO 11月1致信新西兰贸易部长Damien O’Connor,代表中国向《DEPA》保存方新西兰正式提出申请加入DEPA。 中国商务部表示,申请加入DEPA,符合中国改革开放政策,有助于中国与各成员加强数字经济合作、促进创新和可持续发展。中国将按照DEPA程序,和成员合作。

Eastern Bankshares to Buy Century Bancorp for $642 Million

Eastern Bankshares Inc. said it agreed to buy fellow bank holding company Century Bancorp Inc. for $115.28 a share in cash, or about $642 million. The deal, which would create an eastern Massachusetts banking company with $22 billion in assets,…

Chip Shortage Could Last Longer Than Expected

Recent weather disruption in Texas and damage from a recent factory fire for Japanese auto-chip maker Renesas Electronics Corp. has added a further twist to the saga of scarce chip supply, meaning tightness could take longer to resolve, UBS says….

Air France Gets EU Approval for EUR4 Bln Recapitalization

The European Commission said Tuesday that it has approved France’s plans to grant up to 4 billion euros ($4.7 billion) for the recapitalization of Air France through its holding company Air France-KLM under European state aid rules. “France will contribute…

Canada Annual CPI Rises 1.1% in February

Canada’s annual inflation rate accelerated in February, supported by higher prices for gasoline. Canada’s consumer-price index rose 1.1% on a year-over-year basis in February, Statistics Canada said Wednesday, slightly faster than the 1% increase recorded in the previous month. Market…