#trade

.New York, NY, USA
Wall Street stocks rose early on Thursday. (Photo Credit: Representational Image/Pixabay)

  • Wall Street stocks rose early on Thursday, pushing the S&P 500 into record territory
  • The US inflation rate accelerated to five percent for the 12 months ending May
  • About 25 minutes into trading, the Dow Jones Industrial Average was at 34,692.34, up 0.7 percent

.Ottawa, ON, Canada
The pipeline project was being managed by TC Energy. (Photo Credit: Representative Image/Unsplash)

  • Biden signed an executive order against the pipeline
  • Alberta government has been notified 
  • The pipeline was scheduled to be commence in 2023

.Beijing, China
Larry Chen, the founder of GSX Techedu Inc, had a net worth of $15.6 billion in January. (Photo Credit: Representational Image/Unsplash)

  • GSX Techedu Inc, a education technology form founded by Larry Chen, slumped by 4% in New York trading on Wednesday
  • The shares of GSX fell by 88% in the last five months
  • Following the slump, Chen faces a loss of of $14 billion

US and China signed the phase 1 agreement in January, 2020, where China pledged to increase its purchase of US-products. (Photo credit: AP/PTI)

  • China's commerce ministry said on Thursday that US and Chinese trade officials have had 'candid, pragmatic' talks
  •  A trade war under former US president Donald Trump had seen tariffs imposed on a range of goods 
  • Earlier, a phase 1 agreement had been signed between the two sides in January, 2020

.New Delhi, Delhi, India
The deal helps US tech giant, Amazon is a multinational technology company based in Seattle. (Photo Credit: Representational Image/Unsplash)

  • The deal comes with Amazon experiencing surging growth in online retail and cloud computing
  • "...value behind this deal is the treasure trove of IP in the deep catalog", said Vice President of Amazon Studios
  • "Amazon would empower MGM to continue to do what they do best", read a statement

.New Delhi, Delhi, India
Asian markets were mixed Monday by concerns about spike in new infections in several countries. (Picture Credits: Representational Image/Unsplash)

  • Due to spike in new infections in several countries many countries are averting new lockdowns for safety
  • There are rising concerns that inflation is becoming unanchored with a decline in consumer sentiment
  • Bitcoin fell to $42,185 briefly, its lowest since February,

.Mumbai, Maharashtra, India
Bourses in Shanghai, Tokyo and Seoul were trading on a positive note in mid-session deals, while Hong Kong was in the red. (Photo credit: PTI)

  • Equity benchmark Sensex rallied over 350 points in early trade on Monday
  • The NSE Nifty surged 114.85 points to 14,938
  • Dr Reddy’s was the top gainer in the Sensex pack, followed by ONGC, HDFC and IndusInd Bank

.Washington D.C., DC, USA
The office of the USTR reviewed more than 100 trading partners for this year's “Special 301 Report”. (Photo credit: Representative image/Unsplash)

  • Nine countries have been put on the Priority Watch List for IP protection and enforcement by US 
  • In 2020, China published several draft IP-related legal and regulatory measures
  • In India, the USTR said patent issues continue to be of particular concern

.New Delhi, Delhi, India
The Sino-US rivalry has gained momentum after Joe Biden’s appointment as the US President. (Photo Credit: AFP)

  • President Xi Jingping believes that China’s time has come and it can now look at the world as USA’s equal 
  • The USA, Canada, UK and the EU have announced coordinated sanctions on China for alleged human rights violations of Uighur Muslims
  • China was taken aback as it had started believing that the EU would follow an approach independent of the USA

.Canberra ACT, Australia
China is Australia's biggest trade partner. (Photo credit: AP file photo)

  • Australia on Wednesday announced a revocation of the government's deal to join China's Road and Belt initiative
  • Tensions between the countries escalated last year when Australia demanded probe over origin of COVID-19 virus
  • All eyes are on China's retaliation over Australia's big blow to China's giant infrastructure plan