Turkey’s Finance Minister on Friday dismissed as “meaningless” concerns among Turkish businesses over a U.S. Treasury warning that they risked being penalised if they maintained commercial ties with Russians under sanctions. NATO-member Turkey has sought to strike a balance between Moscow and Kyiv by criticising Russia’s invasion and sending arms to Ukraine, while opposing […]
Germany will keep exporting electricity to neighboring France despite calling on people to help fend off winter shortages by saving energy at home, officials said Wednesday. Problems at French nuclear plants have driven up electricity prices there in recent months, prompting power companies in neighboring countries to sell excess energy to France. “Only […]
China’s coal imports from Russia jumped 14% in July from a year earlier to their highest in at least five years, as China bought discounted coal while Western countries shunned Russian cargoes over its invasion of Ukraine. China brought in 7.42 million tonnes of coal from Russia last month, data from the General Administration […]
The United States and Taiwan on Wednesday agreed to start trade talks under a new initiative, saying they wanted to reach agreements with “economically meaningful outcomes”, in another sign of stepped up U.S. support for the island. Washington and Taipei unveiled the U.S.-Taiwan Initiative on 21st-Century Trade in June, just days after the […]
India said there was no pressure on it from Western countries or anywhere else over its energy purchases from Russia, as Indian firms step up imports of oil and coal from the country shunned by some governments for its invasion of Ukraine. India, the world’s third-biggest crude importer, overtook China to become the biggest […]
India could scrap a 40% duty on wheat imports and cap the amount of stocks traders can hold to try to dampen record high domestic prices in the world’s second biggest producer, government and trade officials told Reuters on Monday. The South Asian country barred wheat exports in May after the crop suffered a […]
Turkish President Tayyip Erdogan said he would discuss developments in Syria with Russian leader Vladimir Putin during his visit to Russia on Friday. Sitting opposite Putin ahead of their talks in the Black Sea city of Sochi, Erdogan said earlier meetings between Turkish and Russian delegations on politics, economic and trade issues had been […]
Japan’s manufacturing activity expanded at the weakest rate in 10 months in July, as pressure from rising prices and supply disruptions hurt output and new orders, suggesting a solid post-pandemic economic recovery is still some way off. The final au Jibun Bank Japan Manufacturing Purchasing Managers’ Index (PMI) dipped to a seasonally adjusted 52.1 […]
Polish Prime Minister Mateusz Morawiecki said on Thursday that a possible decision on a compulsory reduction in gas consumption in the European Union must be made unanimously, not by a qualified majority vote. European Union countries bracing for further cuts in Russian gas supplies on Tuesday approved a weakened emergency plan to curb demand, […]
China and Indonesia will enhance the scale of bilateral trade and further expand cooperation in areas including agriculture and food security, the Chinese foreign ministry said after a meeting of the countries’ leaders. The ministry statement followed meetings by President Xi Jinping and Premier Li Keqiang with Indonesian President Joko Widodo in Beijing on […]