Sugar millers have urged the government to announce export policy for the next sugar season that begins from October 1, allowing mills to sign forward contracts at a time when international futures prices of raw sugar are firm. Industry body Indian Sugar Mills Association (ISMA), in a letter to the food ministry, has requested […]
The United States and Saudi Arabia signed 18 partnership agreements in fields including energy, communications, space and healthcare during a visit by U.S. President Joe Biden, Saudi state TV al-Ekhbariya reported. The agreements include deals with U.S. aerospace and defence firms Boeing and Raytheon, as well as healthcare companies Medtronic, Digital Diagnostics, and IQVIA, […]
China’s foreign trade still faces instabilities and uncertain factors even as trade growth in May and June reversed the declining trend in April, said Li Kuiwen, a spokesman for the General Administration of Customs, during a news conference in Beijing on Wednesday. Foreign trade is expected to achieve stable growth thanks to government support, Li […]
El gobierno de Estados Unidos informó que “hay opciones bajo la mesa” para analizar con respecto a las inquietudes que se han mostrado sobre los recientes cambios legislativos en la industria eléctrica de México. Este posicionamiento lo fijó así Katherine Tai, titular de la Representación Comercial de la Casa Blanca (USTR), en una conferencia […]
The European Union (EU) and its development finance institutions will provide Nigeria with 1.29 billion euros ($1.3 billion) to help Africa’s most populous country diversify its economy away from oil, a document from the bloc showed on Monday. Nigeria has been trying to broaden its economy and exports outside the oil sector, which accounts […]
Oil prices traded sideways on Friday after briefly rising nearly $1 per barrel, as the market balanced fears of slower demand from cooling U.S. economic activity with supply uncertainty. Brent crude futures were trading down 5 cents, or 0.1%, at $110.00 a barrel by 0310 GMT, while U.S. West Texas Intermediate (WTI) crude futures […]
U.S. congressional leaders sought to forge a $52 billion bipartisan deal on Tuesday to subsidize U.S. semiconductor manufacturing and boost U.S. competitiveness with Chinese technology. House Speaker Nancy Pelosi, Senate Majority Leader Chuck Schumer, both Democrats, met with House Republican Leader Kevin McCarthy and Senate Republican Leader Mitch McConnell to try to hammer out […]
The World Trade Organization’s members approved on Friday a package of trade deals, including pledges on health, reform and food security, struck after more than five days of negotiations. Representatives of the 164 countries cheered after the package was passed before Director-General Ngozi Okonjo-Iweala addressed them early on Friday. “The package of agreements […]
The European Union is looking to Israel to help reduce its energy dependence on Russia following the Russian invasion of Ukraine, European Commission President Ursula von der Leyen said in Jerusalem on Tuesday. “We want to boost our energy cooperation with Israel,” the head of the EU executive said in a joint press briefing […]
Food import bills will reach a record high this year and food markets are likely to tighten around the world, according to a glum new forecast by a U.N. food agency. The Food Outlook, issued twice a year by the Food and Agriculture Organization, also found that “many vulnerable countries are paying more but […]