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Chinese private sector joins its Government in donating masks, ventilators etc not just to rest of Asia and Africa but to Europe too...

A number of things to be said about geopolitics of all this - but as welcome as private sector help in UK/Europe has been - step up required
Spain:
Ethiopia:
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More from @faisalislam see all

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Faisal Islam
@faisalislam
NEW Thread on self employed:

Parity with Employees for self-employed earning below 50k in Jan tax return or averaged over previous three years. 80% of income up to £2,500 a month for three months.

Paid as one off grant in June

Taxable

Not for company owners paid in dividends
Told up to 3.8m of 5m will qualify... which puts a range of many billions up to £20bn plus...I can see how this might cost same or more as employed scheme

Self employed will get to carry on working, dont have to “self furlough”.

Will have to be declared on tax returns on Jan 22
Why June?

Government has chosen to prioritise the complex design of a scheme for employed workers first. This is because there is a public policy aim of keeping people on payrolls, ready for a rebound in economy when shutdown lifted...
Read 7 tweets
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Faisal Islam
@faisalislam
Looks promising from Bosch... bosch-presse.de/pressportal/de…
And it involves N Ireland company @randoxbio technology too - looks like great news that a test could be done in 2.5 hours to WHO standards... opens up Korea style testing possibilities...
“newly developed test will be available in Germany starting in April, with other markets in Europe and elsewhere to follow” - so NI tech commercialised with German firm, and going to German health system first...

Interesting to know if also then part of massive EU procurement
Read 3 tweets
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Faisal Islam
@faisalislam
NEW - As rescue packages rack up, tax base shrinks - deficit will spiral, poss over 10% at same time bond markets, banks, pension cos and insurers shift from Govt bonds into cash - so where is the cash going to come from?

Is it only the BoE?
BLOG:
bbc.co.uk/news/business-…
Ex top Treasury official @rjdhughes floated idea in this v interesting report of central bank - (ie Bank of England) temporarily funding Government by buying bonds directly, using massive increase in Government overdraft at BoE - “ways & means account”

This would be a really quite significant move, the BoE Governor reiterating only last week: “we're not abandoning the very clear, Central Bank philosophy in terms of monetary financing because you know history tells us where that leads”.
Read 9 tweets

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Janice
@jskielb3
POTUS & the #coronavirus Task Force Briefing has started.
POTUS spoke w/the #G20 leaders. 151 countries currently have #coronavirus cases.
#G20 leaders spoke today, discussed the #coronavirus efforts in each country. Then POTUS spoke w/governors & leaders/territories.
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@ColSanjayPande
@ColSanjayPande
1. #CoronaVirusIndia My reading of managing this epidemic by India. We will be recognised as a Global Leaders in handling virus epidemics. The entire Western, White & so called First World countries are abject failures. India will come out as HERO and China as VILLIAN.
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3. #CoronaVirusIndia Continuing with .....Read my observations about India... India is a nation with depth. It’s not chaos as western media puts it and fully backed by Indian anti/establishment jurnslists like @BDUTT and @sardesairajdeep variety. I am putting my theory now and...
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IndoPacific_SCS_Info
@IndoPac_Info
Thread: #Chinese Businesses Are Changing #Cambodia. And Not for the Better. - ‘See, They Are So Happy with Our Generosity!’ - “Without us Chinese coming here and creating jobs for them, the Cambodians would only have a mango a day to eat” hrw.org/news/2019/07/1…
China is now Cambodia’s largest source of foreign direct investment, foreign aid, and tourists. As part of the trillion-dollar global infrastructure and investment program the Belt and Road Initiative (BRI), China has poured billions of dollars into Cambodia.
Once a sleepy beach town, Sihanoukville is now a hub for Chinese gamblers, as gambling is illegal in mainland China & only foreigners are allowed to gamble in Cambodia. Dozens of Chinese-built and -owned casinos have sprung up in the last few years, with more under construction.
Read 9 tweets
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Yavuz Selim YILDIZ
@yavuzsyildiz
1. Q: The supervision on the #Chinese Internet is very strict. Will the use of #HoloPorts be restricted by the Chinese #firewall?

A: The HoloPort network should be pretty resilient, even in the face of the Great #Firewall, as the asynchronous ++
2. ++ capabilities of #Holochain allow things (application processing) to function independently on each side of the wall. Thus, ANY node that can communicate across the partition, for example, a #satellite connection, allows everything else to #synchronize with that node. An ++
3. ++ app network requires only one connection to the outside for data to eventually pass through.

That said, this is a complicated question, as government censorship is a cat-and-mouse game, and not one that we are focused on specifically. Our aim is to help ++
Read 7 tweets
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Christophe Barraud🛢
@C_Barraud
🇨🇳 #CHINA Q3 GDP Y/Y: 6.5% V 6.6%E (slowest growth since Q1 2009)
*NBS spokesman Mao Shengyong said that the international situation was bringing “downward pressure” on China.
*Link: bloom.bg/2RVX1ZA
🇫🇷 🇪🇺 🇨🇳 French tire maker Michelin warned of declining sales in Europe and #China in the second half of the year, dragging down shares of its competitors in the U.S. and Europe - Bloomberg
*Statement: bit.ly/2EujhqH
🇺🇸🇨🇳🇪🇺 In a volley of filings, the EU, #China and the U.S. this week escalated disputes over new U.S. metals tariffs, the European response to those levies, and Chinese intellectual property practices - Bloomberg
bloomberg.com/news/articles/…
Read 634 tweets
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Millennial Macro
@MillennialMacro
#demographics #militaries #economies #currencies
#USA
- Best demographics
- Largest military
- Largest economy
- Most used currency
- Liquid financial markets
- Open capital account
- Rule of law
- Best geography
- Can be self sufficient if required
- Not trade dependent
#USA
Top trade partners as of 30 June 2018:
- China: 15.2% (strategic competitor)
- Canada: 15.1%
- Mexico: 14.6%
- Japan: 5.1%
- Germany: 4.4%

The next 10 years could result in the below:
- Mexico (25%)
- Canada (20%
- Japan (7%)
- South Korea (5%)
- Great Britain (4%)
#USA
Bring the manufacturing (jobs) home while negatively impacting China's economy.
forbes.com/sites/kenrapoz…
cebglobal.com/talentdaily/au…
irishtimes.com/business/econo…
Read 338 tweets

Trending hashtags

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