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Posted by The Analyst | 16 February 2021 | Business
China may exercise ‘nuclear option’ against US defense industry with rare-earths export ban – reports

The world's largest rare-earth miner, China, is reportedly trying to calculate the damage to US defense contractors if it moves to curb supplies of the minerals vital for the country's weapons industry. Chinese government officials reached out to industry executives, seeking to understand how badly companies in the US and Europe would be affected if...

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Posted by The Analyst | 16 February 2021 | Business
China may exercise ‘nuclear option’ against US defense industry with rare-earths export ban – reports

The world's largest rare-earth miner, China, is reportedly trying to calculate the damage to US defense contractors if it moves to curb supplies of the minerals vital for the country's weapons industry. Chinese government officials reached out to industry executives, seeking to understand how badly companies in the US and Europe would be affected if...

Continue Reading
Posted by The Analyst | 16 February 2021 | Business
India’s economic recovery gaining steam, S&P says

South Asia's largest economy, India, is on track to recover from a pandemic-led contraction by next year, according to ratings agency S&P Global. It expects the economy to grow ten percent in fiscal 2022. “Consistently good agriculture performance, a flattening of the Covid-19 infection curve, and a pickup in government spending are all supporting the...

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Posted by The Analyst | 16 February 2021 | Business
India’s economic recovery gaining steam, S&P says

South Asia's largest economy, India, is on track to recover from a pandemic-led contraction by next year, according to ratings agency S&P Global. It expects the economy to grow ten percent in fiscal 2022. “Consistently good agriculture performance, a flattening of the Covid-19 infection curve, and a pickup in government spending are all supporting the...

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Posted by The Analyst | 16 February 2021 | Business
Bitcoin breaks above $50,000 for first time in history as wider crypto adoption fuels record rally

The world's largest cryptocurrency, bitcoin, extended its breathtaking rally on Tuesday, rising above its milestone price level of $50,000. The digital asset is up fivefold over the past year. The cryptocurrency rose more than three percent to an all-time high of $50,389 at 12:32 GMT, according to data from Coin Metrics. It has since pulled...

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Posted by The Analyst | 16 February 2021 | Business
China outpaces US as Europe’s largest trade partner in 2020

China has become the only country to boost both exports and imports to the European Union amid the pandemic, dethroning the US as the bloc's top commercial partner last year. According to the data published by the European Union's statistics office, Eurostat, the 27-nation bloc's imports from China hit €383.5 billion ($465.6 billion) in 2020,...

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Posted by The Analyst | 16 February 2021 | Business
China outpaces US as Europe’s largest trade partner in 2020

China has become the only country to boost both exports and imports to the European Union amid the pandemic, dethroning the US as the bloc's top commercial partner last year. According to the data published by the European Union's statistics office, Eurostat, the 27-nation bloc's imports from China hit €383.5 billion ($465.6 billion) in 2020,...

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