Beijing’s clarification of its stance on commerce with the European Commission comes after the bloc warned of a “growing trade imbalance” China has invited EU member states to take advantage of its “mega market,” responding after the European Commission warned it could soon deploy protectionist measures to guard local industry from Chinese firms.

Western restrictions imposed on Moscow have boosted the Chinese currency, Oleg Deripaska claims The share of Chinese yuan in global payments has nearly doubled because of the sanctions policies pursued by the US and the EU, Russian businessman Oleg Deripaska said on Wednesday.

Banque Pictet used “a variety of means” to help customers evade taxes, prosecutors say A major Swiss bank has admitted to helping American taxpayers and others to hide billions of dollars from the US Internal Revenue Service (IRS), the Department of Justice (DOJ) announced on Monday.