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LONDON: The UK and European Union are starting a key week of Brexit talks, with the bloc stiffening its demands over how any trade deal will be enforced after losing trust in Boris Johnson because of his attempt to rewrite last year’s divorce agreement.
Most multinational companies not leaving Middle Kingdom
BEIJING/SHANGHAI: China stocks snapped a three-session rally to close lower on Wednesday, with consumer and healthcare shares leading losses, as experts were concerned over the safety of drugs used in experimental coronavirus vaccines in the country.
SHANGHAI/NEW YORK: Most Asian shares rose on Wednesday, extending a rally driven by upbeat Chinese and U.S. economic data, but the dollar, U.S. yields and gold held steady as investors awaited the Federal Reserve's view on the economy at its policy meeting.
GENEVA/BRUSSELS: The World Trade Organization found on Tuesday that the United States breached global trading rules by imposing multibillion-dollar tariffs in President Donald Trump's trade war with China, a ruling that drew anger from Washington.
BRUSSELS: Europe and Britain's car industries called on Monday on the two sides to urgently clinch a free trade agreement, warning that a disorderly Brexit would cost the sector 110 billion euros ($130 billion) in lost trade over the next five years.
LONDON: British Prime Minister Boris Johnson has accused the European Union of threatening to impose a trade border down the Irish Sea and a food blockade between Britain and Northern Ireland unless the bloc's terms for a future relationship were agreed.
Construction and cement segments lift sales
KUALA LUMPUR: S&P Global Ratings views the risk trend from the deterioration of US-China relations as rising and has this raised concerns about an economic spillover.