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FedEx, an American express delivery company, will be subject to Beijing’s verification due to its alleged violation of China’s legal rights and interests. This was reported by Xinhua. As stated earlier, the official representative of the Ministry of Commerce of China, Gao Feng, China is creating its own “black list”, which includes foreign companies, actions of which may violate the legitimate rights and interests of Chinese business. National agencies are investigating the fact that the addressees did not receive a number of items that FedEx should have delivered to them. These facts violated the laws and regulations in the field of express delivery in China, although Xinhua does not indicate the firms, interests of which were violated by an American company. However, last week, Huawei reported that the package, which was supposed to be delivered from Japan to its office in China, was sent by FedEx to the United States. FedEx made a public apology for this mistake.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
On Friday, Axios Media Inc. reported a document acquired by tech watchdog group Tech Transparency Project which indicates that multiple U.S. states were investigating Apple (AAPL) due to deceptive trade practices. According to the report, ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
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