QuickTake: Decentralised manufacturing post COVID19

– 3D Printing is offering agile manufacturing solutions in the current pandemic – Long term 3D printing may become more ‘mainstream’ leading to more varied and flexible supply chains – Two European countries look set to capitalise The breakdown of supply chains as a result of COVID19 lockdown measures has meant that many businesses are struggling to stay afloat. In cases like medical equipment it means that despite the increased demand there are simply no suppliers. As a result, we…

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BOE Interest rate drop

The Bank of England has just announced that it is reducing interest rates to 0.1%. This follows moves by Central Banks around the world to ensure that there is liquidity in the financial system and no obstacles preventing businesses from borrowing or banks from lending that might worsen the impacts of the Covid-19 outbreak. In the UK, it is a signal to the government that “whatever it takes” means “whatever it takes”: the real need at the moment is for…

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Turkey and Russia inaugurate TurkStream

The inauguration of a third gas pipeline between Russia and Turkey yesterday marked a new dawn for relations between the two countries. The TurkStream pipeline, which runs for 930km under the Black Sea, will carry 31.5 billion cubic metres a year of Russian gas to Turkey’s western province. This deepening of Turkish dependence on Russian energy would have been near-unthinkable just a few years ago, when tensions came to a head in 2015 after Turkey shot down a Russian Sukhoi…

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Quick Take: RCEP

As the ASEAN summit starts today, Indian trade negotiators are seeking to wrap up the 25 chapters of the Regional Comprehensive Economic Partnership (RCEP). The RCEP is a proposed free trade agreement that would include 45% of the world’s population, and 40% of the world’s trade. A breakthrough in the RCEP would be a marked win for trade liberalisation at a time where rising tariffs spurred by nationalism are increasingly becoming the norm. However, political resistance still remains within India,…

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Quick Take: USA-India trade dispute

Ahead of a meeting with Piyush Goyal last Thursday, US commerce secretary Wilbur Ross has said India needs ”decisive action” for a trade deal with the US. The two countries have been in a trade dispute for many months, the US removing India from the generalised system of preferences (GSP), citing unequal access to the Indian market for US exporters. In retaliation, India has imposed tariffs on 28 US products. A trade deal between the two nations would be of…

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