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The signing of a trade agreement between the United States and China can be slowed down due to the difficulties encountered during the negotiations to resolve controversial issues in the field of e-commerce, sources familiar with the negotiations reported. Washington is concerned about the discrimination of foreign cloud service providers in China, such as Amazon, Alphabet, Microsoft, and others. In the opinion of the American side, it is also necessary to relax Beijing's demands on companies for mandatory data storage in the country and remove a number of restrictions on data transfer beyond its borders. So far, the Chinese authorities do not want to make concessions on any of these issues. The American delegation will arrive in Beijing this week to continue discussing the trade agreement, where the main topics will be e-commerce and digital technology.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
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 ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
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, ...
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