German exports to China declined significantly in February, dampening hopes of a trade revival following the end of strict coronavirus measures at the end of last year, the federal statistics office said on Tuesday. Exports to China, Germany’s most important trade partner, decreased by 12.4% to 7.9 billion euros ($8.46 billion) compared with February […]
The Brazilian and Australian governments have opened talks aimed at forging new agricultural trade agreements after representatives of both countries met this week, the Brazilian agriculture ministry said in a statement on Friday. While Brazil aims to export pork to Australia, the South American country could start importing Australian wheat and barley under a […]
The Treasury Department is preparing a new program that could prohibit U.S. investment in certain sectors of adversarial nations, the Wall Street Journal reported on Friday citing copies of reports provided to lawmakers on Capitol Hill viewed by the newspaper. The Biden administration’s work on the new rules would in practice largely deal with […]
Italy wants to team up with France and Germany to “influence” and slow the pace of European Union laws on cutting car and truck emissions, Industry Minister Adolfo Urso said on Saturday. Prime Minister Giorgia Meloni’s right-wing government has already come out strongly against the bloc’s decision to outlaw the sale of new petrol […]
Sony Group Corp’s semiconductor division will likely see a limited impact from chip export curbs to China by the United States, Japan and the Netherlands, Sony Semiconductor Solutions Chief Executive Terushi Shimizu said on Thursday. Sony is the world’s largest maker of image sensors widely used in smartphones and autos. Its competitors include South […]
China’s foreign ministry said that Beijing is ready to work with Belgium to develop their bilateral relations. China hopes that Belgium will continue to provide a fair and non-discriminatory business environment for Chinese companies, the ministry said in a statement issued on Friday. Chinese Foreign Minister Qin Gang said in a telephone call […]
Electric carmaker Tesla Inc is considering setting up an assembly plant near a new Mexico City airport, which would serve as an export hub for the firm, Mexican presidential spokesman Jesus Ramirez said. Ramirez said that Tesla could put a plant at an industrial park in development about 3 kilometers (2 miles) from the […]
Brazil and Argentina aim for greater economic integration, including the development of a common currency, Brazilian President Luiz Inacio Lula da Silva and Argentine leader Alberto Fernandez said in a joint article they penned. “We intend to overcome the barriers to our exchanges, simplify and modernize the rules and encourage the use of local […]
India will seek an easing of European Union steel import quotas and tarrifs in talks for a new trade deal as Indian steelmakers struggle to sell the alloy in one of world’s big markets, a senior government official said. Last year, India and the EU relaunched negotiations for a free trade agreement with the […]
China’s central bank will step up support for private firms as part of steps to shore up the economy, while easing a crackdown on tech companies, Guo Shuqing, Communist party chief of the People’s Bank of China, was quoted by state media as saying. Monetary policy in 2023 will focus on expanding demand, especially […]