France’s development minister is backing U.S. Treasury Secretary Janet Yellen’s call for the World Bank and similar institutions to vastly expand their lending, but said the United States needs to join France and other countries in channeling its IMF monetary reserves to poorer countries. Chrysoula Zacharopoulou, Secretary of State for Development, Francophonie and International […]
China on Saturday criticized the latest U.S. decision to tighten export controls that would make it harder for China to obtain and manufacture advanced computing chips, calling it a violation of international economic and trade rules that will “isolate and backfire” on the U.S. “Out of the need to maintain its sci-tech hegemony, the […]
Costa Rica will suspend tariff benefits for Panamanian products, the country’s foreign trade ministry said on Thursday, marking another step in a bilateral trade dispute that started in 2020 and is the subject of a World Trade Organization (WTO) lawsuit. Costa Rica suspended tariff benefits for its southern neighbor after Panamanian authorities failed to […]
Slovakia’s parliament on Tuesday ratified the entry of Finland and Sweden to NATO, becoming one of the last countries to back the military alliance’s expansion. Finland and Sweden sought to join NATO this year in response to Russia’s invasion of Ukraine. NATO’s 30 members have been ratifying their entry since accession protocols were […]
The proposed comprehensive free trade pact between India and the United Kingdom, likely to be signed by next month’s end, could accelerate joint ventures and boost bilateral investments, the head of the body promoting bilateral trade said on Thursday. Richard Heald, executive chair of the UK India Business Council (UKIBC) said negotiation teams were working overnight to meet the […]
South Korea’s exports fell 8.7% in the first 20 days of September from the same period a year earlier due to holiday effects and amid signs of slowing growth in major trading partners, customs agency data showed on Wednesday. The country’s imports for the same 20-day period rose 6.1%, producing a trade deficit of $4.1 […]
Officials from the United States and Paraguay met this week in Washington to discuss ways to deepen trade ties between the two countries under a Trade and Investment Framework Agreement that entered into force in 2021, the U.S. said on Friday. The U.S. Trade Representative’s office said the first meeting of a trade and […]
The United States and 13 Indo-Pacific countries on Friday agreed on parameters for negotiating closer trade, environment and economic ties that U.S. Commerce Secretary Gina Raimondo said would boost investment and jobs in the partner countries. U.S. Trade Representative Katherine Tai said that India, the world’s largest democracy, did not initially join the U.S.-led […]
European gas prices surged, stocks slid and the euro sank on Monday after Russia halted gas flows via a major pipeline, sending another shock wave through economies in the region still struggling to recover from the pandemic. European Union governments are pushing through multi-billion euro packages to prevent utilities buckling under a liquidity squeeze […]
Japan’s manufacturing activity grew at its weakest rate in nearly a year in August, as businesses took a hit from worsening conditions in the global economy and declining demand from China and South Korea. The weaker expansion sends a warning sign about the outlook for global growth to policymakers hoping that the world’s third-largest […]