German companies want to boost their activities in Africa next year, especially in areas such as green hydrogen and liquefied natural gas, with 43% planning to increase investment in the continent, a survey seen by Reuters on Tuesday showed. The poll of members of the German-African Business Association also showed that a further 39% […]
Indonesia’s 2022 trade surplus will likely be its biggest on record, but next year the gap is expected to narrow to about $38.3 billion to $38.5 billion, a trade ministry official said on Tuesday. The ministry’s head of trade policy department, Kasan, did not provide an estimate for this year’s surplus in merchandise […]
Germany wants a joint European response to the U.S. Inflation Reduction Act that would involve simplifying rules on state support and expanding funding opportunities, according to a German economy ministry document seen by Reuters on Friday. The European Union could set up a programme to promote green technology by combining various funding elements to […]
-Mexico’s Economy Ministry has invited U.S. Trade Representative Katherine Tai’s team to hold third round of energy consultations in the coming days in Mexico City, according to an economy ministry statement published Thursday. Mexico’s Economy Minister Raquel Buenrostro met on Thursday with U.S. Trade Representative Tai to work on solutions for the energy and […]
A Philippine inter-agency panel chaired by President Ferdinand Marcos Jr on Thursday approved removing tariffs on electric vehicles (EVs) to spur demand amid high fuel costs. Marcos will issue an executive order cutting to 0% the most favoured nation tariff on EVs like passengers cars, buses, vans, trucks, motorcycles, and bicycles, and their parts for […]
Germany’s foreign ministry plans to tighten the rules for companies deeply exposed to China, making them disclose more information and possibly conduct stress tests for geopolitical risks, a confidential draft document seen by Reuters said. The proposed measures are part of a new business strategy towards China being drawn up by Chancellor Olaf Scholz’s […]
German Chancellor Olaf Scholz discussed energy and trade ties with Vietnam’s Prime Minister Pham Minh Chinh during a visit to Hanoi on Sunday, the first for a German leader in more than a decade. Scholz’s stop in Vietnam on his way to the G20 leaders’ summit in Indonesia, highlights Vietnam’s growing role in global […]
The European Union’s industry chief said on Monday that European governments and companies must realise China is a rival to the EU and they should not be naive whenever they approve Chinese investment. European Commissioner Thierry Breton’s comments appeared to be aimed in part at Germany, whose Chancellor Olaf Scholz will visit Beijing on […]
A few dozen U.S. entrepreneurs braved tough U.S. sanctions and Cuba’s worst economic crisis in decades to attend a conference in Havana on Wednesday focusing on the new private sector and aimed at boosting flagging engagement between the Cold War-era foes. The Cuban Chamber of Commerce and Washington-based consultancy FocusCuba, which are hosting the […]
Irish businesses that have opened in the last year will be able to avail of an energy grant scheme that was initially limited to those that had been established for longer, Finance Minister Paschal Donohoe said on Tuesday. The government introduced the 1.25 billion euro scheme in last month’s budget, providing businesses such as […]