Entries by Tom Saltmarsh

India seeks to expand markets with EU deal

India seeks to expand markets with EU deal   India and the European Union (EU) have formally relaunched negotiations over a free trade agreement after a nine-year impasse, with the aim of finalising a deal by the end of 2023. India’s Commerce and Industry Minister, Piyush Goyal, said that the India-EU trade pact can help

Dubai launches commercial initiative on five continents

Dubai launches commercial initiative on five continents Dubai has launched a new initiative to establish 50 commercial offices representing the emirate in five continents during the next few years. The ‘Dubai Global’ scheme aims to strengthen its position as one of the best business hubs in the world, in addition to supporting companies based in

China’s economic recovery set to gain momentum

China’s economic recovery set to gain momentum China’s economic recovery is set to gather pace in the second half of the year after growth stabilized in May 2022, and the country is likely to see full-year growth with more targeted and effective policies, according to leading analysts. Despite economic activity slowing since March, due to

Students staying away from the classroom, survey finds

Students staying away from the classroom, survey finds. Student attendance and in-class participation remain at far lower levels than before the pandemic, according to a global survey by the Times Higher Education (THE). Three-quarters (76%) of respondents say they have seen lower numbers of students turning up to lectures despite the easing of Covid-19 restrictions,

Two-thirds of European firms see revenues grow in China

Two-thirds of European firms see revenues grow in China   Two-thirds of European businesses operating in China saw their revenues grow in 2021, according to a new European business community report. The report also listed the challenges facing businesses in the country, from the pandemic and the domestic economic slowdown to changes in the global

Malaysia sees productivity growth of 1.8% in 2021

Malaysia sees productivity growth of 1.8% in 2021 Malaysia’s productivity growth rebounded to 1.8% last year, equivalent to RM90,697 (£16,800) per person, according to Deputy International Trade and Industry Minister Lim Ban Hong. He said 2021 showed “a tremendous awakening from the slow economic bumps encountered due to the impact of the pandemic” – even

New rules governing credit cards set to come into force

New rules governing credit cards set to come into force The Reserve Bank of India (RBI) is introducing rules setting out new protocols for card issuers, relating to the issuing credit and debit cards, co-branded cards, billing and telemarketing, among other matters. The new rules, which come into effect on 1 July 2022, stipulate which

UAE to launch unemployment insurance scheme

UAE to launch unemployment insurance scheme An unemployment insurance scheme designed to protect those who lose their jobs is to be introduced in the UAE. UAE residents will pay AED 40 – AED 100 (£8.70 to £22) a year into an insurance scheme, and in return will be eligible to receive up to 60% of

China’s VAT credit refunds policy pays dividends

China’s VAT credit refunds policy pays dividends China’s policy of giving businesses tax breaks and value-added tax credit refunds is bringing concrete benefits, and is expected to generate strong momentum for economic recovery for the rest of the year, a government official has said. Rong Hailou, a spokesman for the administration, said that the country’s