Business

Canadian government has finalised $12.6 billion tariffs on US goods. Foreign Minister Chrystia Freeland announced these tariffs on Friday, which will take effect from July 1.

Freeland said that the money will be spend to support companies and workers hurt by U.S. levies on Canadian steel and aluminum exports.

NOUAKCHOTT, Mauritania, July 2 (Xinhua) -- Forty-nine members of the African Union have signed the African continental free trade area (AfCFTA) agreement, said AU chairperson Paul Kagame on Monday.

Kagame, who is also the Rwandan president, made the announcement in Nouakchott during the closing ceremony of the 31st summit of the 55-member African Union.

South Africa, Sierra Leone, Namibia, Lesotho and Burundi signed the AfCFTA in Nouakchott. Chad and Swaziland ratified the agreement, which brings the total number of ratification to six.

27 June 2018; “Britain could end up paying up to £50bn for the Brexit divorce bill because the government has underestimated the costs of leaving, an influential group of MPs have warned.” Reported The Independent.

According to the Independent, Treasury’s earlier estimates missed out £10 billion of costs, including £3 billion towards the European Development Fund.

Christopher Pyne. Australian Defence Industry Minister, has announced purchase of six Triton military surveillance drones from US at a cost of about $7 billion – more than $1 billion each.

In an interview with Fairfax Media, Christopher Pyne said that the “unmanned vehicle travels about 11,000km in its range…” and “can go up for a day or more at 60,000 feet”. He said that the fleet “will cover South China sea”.

“we cover about 10% of world’s surface in Australia in reconnaissance and surveillance for our allies, particularly for United States”, said Pyne.

PTI Washington; Jun 18, 2018 23:01 IST

President Donald Trump on Monday ordered the Pentagon to create a new US “space force,” which would become the sixth branch of the American military and would ensure “American dominance” in space.

“I’m hereby directing the Department of Defense and Pentagon to immediately begin the process necessary to establish a space force as the sixth branch of the armed forces,” Trump said.

“We are going to have the Air Force, and we are going to have the space force, separate but equal,” he added.

April 18, 2018

The Chinese military is scheduled to hold live-fire drills in the Taiwan Strait on Wednesday — a clear warning to Taipei about seeking independence or closer ties with Washington.

Taiwan is a self-ruled island republic, but China sees it as a breakaway province that should be brought back into the fold and has not ruled out reunification by force.

PTI; New Delhi, June 12 : Retail inflation jumped to 4-month high of 4.87 per cent in May on costlier food items such as fruits, vegetables and cereals coupled with high fuel rates.

Based on Consumer Price Index (CPI), the retail inflation was at 4.58 per cent in the preceding month, April. In May 2017, however, it was at a low of 2.18 per cent.

The previous high in retail inflation was in January this year at 5.7 per cent.

Ottawa (Reuters); June 16, 2018

Seventy percent of Canadians say they will start looking for ways to avoid buying U.S.-made goods in a threat to ratchet up a trade dispute between Prime Minister Justin Trudeau and U.S. President Donald Trump, an Ipsos Poll showed on Friday.

The poll also found a majority of Americans and Canadians are united in support of Trudeau and opposition to Trump in their countries’ stand-off over the renegotiation of the 1994 North American Free Trade Agreement (NAFTA).

Source: Xinhua| 2018-06-16 03:07:52|Editor: Mu Xuequan

BEIJING, June 16 (Xinhua) - China has unveiled a list of products from the United States that will be subject to additional tariffs in response to U.S. announcement to impose additional duties on Chinese imports.

Approved by the State Council, the Customs Tariff Commission of the State Council has decided to impose additional duties of 25 percent on 659 items of U.S. products worth about 50 billion U.S. dollars.

Singapore; June 12, 2018

Finally, Top leader of the Democratic People's Republic of Korea (DPRK) Kim Jong Un and U.S. President Donald Trump met at the Capella Hotel in Singapore's resort island of Sentosa.

Kim and Trump started their first summit with a historic handshake that lasted for several seconds.

After shaking hands again with Kim in front of the cameras, Trump gave a thumbs-up before starting the first meeting between an incumbent U.S. president and a DPRK leader.