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EU and China Seal New Agreements

Based on reciprocity, level playing field and values, the European Union sealed a deal “in principle” with China.

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The European Commission Head, Ursula von der Leyen on Wednesday announced through her twitter account that the body had struck a deal with China.

In a videoconference on Wednesday, EU officials sealed a deal “in principle” with Chinese President Xi Jinping.

The deal is built on the basis of reciprocity, level playing field and values, according to Ursula’s tweets.

The meeting was graced by the European Council President Charles Michel, German Chancellor Angela Merkel and French President Emmanuel Macron.

Progress achieved based on the negotiations were discussed. EU reiterated that it was open for business with China.

The agreements were a birth of commitments made at “the EU-China summit in April 2019 where the two sides agreed to aim for conclusion of negotiations by the end of 2020.”

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Toyota Reclaims Bestseller since 5 Years

Despite the heavy decline in demand for automobiles due to the coronavirus pandemic since 2020, Toyota made impressive sales in 2020.

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Reclaiming its bestselling title since five years, Toyota beat Volkswagen to be bestselling of 2020 according to a sales report published on Thursday.

In the report, the Japan Titans recorded 11.3% fall of sales to 9.528 million vehicles compared with Volkswagen’s 15.2 % drop to 9.305 million vehicles.

Despite the heavy decline in demand for automobiles due to the coronavirus pandemic since 2020, Toyota made impressive sales in 2020.

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Dollar Rises Tall through High Risk Sentiment

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Thursday, Wall Street reported a sky in Dollar after risk sentiment in global market boosted.

Against the Dollar, the Australian dollar, Canadian dollar, and the Norwegian dollar fell Wednesday.

The event followed declining stocks on Wall Street on Wednesday, Asia and Europe overnight.

Dollar sold for 0.14% higher by 0852 GMT on Thursday.

Experts say hopes around the COVID-19 vaccine roll out in Europe fell out due to the reluctance unlike the US.

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Zhong Shanshan Becomes Asia’s Wealthiest Man

China’s Zhong Shanshan has risen to the top, becoming Asia’s wealthiest man about a worth of $77.8 billion.

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He overthrew India’s Mukesh Ambani by a $0.9 difference. Zhong’s business surged from $70.9 to $77.8 billion this year.

India’s Mukesh Ambani worth surged to $70.9 this year. 

A school truant, Shanshan, worked as a construction worker, reporter and a beverage sales agent before commencing his own business.

A very surprising success amid tensions from the COVID-19 pandemic that brought a very challenging year for businesses globally. It was initially reported in Wuhan, China in December 2019.

Zhong ‘Nongfu Spring Co, a bottled water company is Hong Kong’s most common among retail financiers.

Before Mukewsh Ambani’s rank as the wealthiest Asian man, Jack Ma was the richest person, whose net worth has fallen to a $51.2.

 Zhong rose to China’s richest businessman after overtaking Chinese Jack Ma. Zhong has reached the rank of the 11th wealthiest person.

Amongst his businesses is the Beijing Wantai Biological Pharmacy which began trading in the Shanghai stock exchange in April.

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