Amazon receives a hefty charge from French authorities due to disputes over reseller agreements

Competition, consumer, and anti-fraud office (DGCCRF) issued a statement saying it has already ordered the corporation to fix "a major imbalance in contractual conditions to Amazon's benefit" in December 2021. Amazon missed the March 22 deadline by a wide margin, and the fine it pai...

French authorities have issued a fine on Amazon over the company's business practices regarding agreements with independent vendors

There is "a major imbalance in contractual circumstances to Amazon's benefit," according to a statement from the competition, consumer, and anti-fraud office (DGCCRF), which stated that the corporation must make the necessary changes by December 2021. The fine announced on Wednesday...

UAE, and Nigeria sign agreements to increase collaboration in the arts, youth, and sports

At the initial meeting of the UAE-Nigeria Joint Committee, the two sides also demanded the creation of new avenues for bilateral collaboration.

At the first UAE-Nigeria Joint Committee meeting, the UAE and Nigeria emphasised the necessity for opening new avenues of bilateral collaborati...

The US and Saudi Arabia sign 18 agreements in the fields of energy and other things

With their American counterparts, the Saudi ministers of energy, investment, communications, and health have signed 18 accords. The accords stated above open up new opportunities for collaboration in the fields of investment, energy, ICT, space, and health.

The agreements are in line wi...

Indonesia Joins UAE's CEPA

The United Arab Emirates and Indonesia have agreed on a wide-ranging economic partnership that will result in an expansion of commercial activity between the two countries. The United Arab Emirates and Indonesia have reached an agreement to reduce their respective tariffs as a part of this deal.<...

Lee urges members of APEC to enhance cooperation in digital domain

Prime Minister Lee Hsien Loong has urged members of the Asia-Pacific Economic Cooperation to help businesses reach new markets in the digital economy. He has urged members of APEC to strengthen the economic integration in the digital domain.

Highlights

CHINA AND EU COMPLETES INVESTMENT AGREEMENT NEGOTIATIONS

Highlights –

• China and the EU complete investment agreement negotiations.
• The investment deal is said to have been announced after seven years of negotiations.
• The deal is said to stabilize and smoothen global industrial and supply ch...

GM ISSUES STERN WARNING THAT LABOR UNREST COULD ABRUPTLY END ITS STAY IN SOUTH KOREA

• General Motors (GM) of the United States has passed a stern warning to the GM Korea Labor Union that the company could evacuate from Korea if the union continues its strike action.
• GM Korea union fighters have been enforcing partial lay-offs daily since Oct. 30 to meet their de...

TRADE DEAL BETWEEN CHINA AND INDIA UNDER LENS

Highlights:

• India is planning to reduce import dependence on China.
• The exercise is to keep an eye on the agreements that are leading to preferential rates being lower on finished goods as compared to the intermediate or raw material.
• The A...

Vauxhall union seeks guarantees over car merger

Britain’s union is looking for guarantees when it is looking at the future of Vauxhall after its owner France PSA Group agreed to a merger with Fiat Chrysler. This merger has led to the creation of the world’s fourth-largest car company and this has raised concerns about investment in...

Trade Minister: New investment by South Korea to produce 300 jobs in Hungary

According to Foreign Minister Péter Szijjártó after talks with his South Korean counterpart Kang Kyung-Wha in Seoul on Thursday, investments by four South Korean companies in Hungary worth a combined 70 billion forints (EUR 211,6 m) will generate 300 new jobs.

The i...

WTO impasse makes worldwide car manufacturers demand a resolution

The WTO is an intergovernmental organization dedicated to regulating international trade between nations. The WTO was officially established as a replacement for the General Agreements on Tariffs and Trade (GATT) which began in1948 on 1 January 1995 under the Marrakech Agreement of 15 April 1994 ...

FTA partners with IMO to demonstrate maritime collision risks and reimbursement

H.E. Regional Workshop on Civil Liability and Payment Maritime Agreements' was chaired by H.E. Dr. Abdullah Belhaif Al Nuaimi, UAE Minister of Infrastructure Development and Chairman of the Federal Transport Authority Land & Maritime (FTA), hosted by the FTA in collaboration with the Inte...

Swedish Energy Agency (SEA) and the Global Green Growth Institute (GGGI) to begin the Program Mobilizing Article 6 Trading Structures

The Swedish Energy Agency (SEA) and the Global Green Growth Institute (GGGI) today concluded a Partnership agreement on the grounds of COP25 to begin the Program Mobilizing Article 6 Trading Structures (MATS), a pilot project aimed at developing Article 6 of the Paris Agreement. This new partners...

Primary care given decent share of funds

A new report, prepared by the Australian Institute of Health and Welfare (AIHW), compares key measures of Australia’s health expenditure with the other 35 Organizations. For most of the OCED, hospitals represented the highest proportion of healthcare expenditure in 2016. Australia spent 44.1% of ...