export
The UK has seen clothing and footwear exports to the EU fall significantly post-Brexit, according to a report by the online marketplace Tradebyte and consultancy Retail Economics. This is mainly due to increasing red tape and stricter border regulations. Footwear and clothing exports to the EU have dropped more than 50% from 2019 levels, to £2.7 billion (€3.17 billion) in 2023. In comparison, back in 2019, it was £7.4 billion. In turn, this has led to non-food goods exports to the EU single market falling 18%. This decrease is despite the European e-commerce market being very well developed. A...
Euronews (English)
Chipmaking giants Intel and Qualcomm have recently been told by the US government that they would not be allowed to export some chips to Chinese smartphone mogul Huawei anymore. Both US companies have had certain licences and permits taken away. However, which ones in particular has not been confirmed. Huawei has been targeted by restrictions imposed by the US government on technology exports since 2019, mainly due to it allegedly having links to China’s military and government. There are also a number of fears that Huawei may be using its artificial intelligence and wireless technology in ord...
Euronews (English)
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