An employee at a cycle factory in Changhua, Taiwan. File/Reuters
Taiwan’s economic growth will likely slow to its weakest in five years in 2020 as consumption and tourism take a hit from the coronavirus pandemic, but the economy is set to rebound next year on improved demand for the island’s exports.
The current trade volume between India and Taiwan is to the tune of $7.5 billion. Over the years, India has shown keenness to expand economic and socio-cultural ties with Taiwan.
Taiwan’s exports jumped in August, boosted by Chinese telecom giant Huawei Technologies Co Ltd rushing to get in orders at Taiwanese firms before they have to comply with US curbs that take effect this month.
Cryptocurrency companies will need a licence and customer safeguards to issue and sell digital tokens in the European Union under groundbreaking new rules agreed by the bloc to tame a volatile “Wild West” market.
Global manufacturing struggled in June as higher prices and a darker economic outlook left consumers wary of making purchases, while China’s strict COVID-19 lockdowns and Russia’s invasion
Retailers in the Gulf countries are adopting technology and innovation to adapt to the new norm where well-informed and demanding customers want better experience in shopping