TRADE WARS

News About World Trade

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Standard Chartered's 2019 pre-tax profit rises to $4.2bn
Feb 27, 2020 (AFP)
The Asia-focused British bank said pre-tax profit surged eight percent in 2019 despite what the group's chief executive Bill Winters described as "an increasing...
Foreign firms in China forecast revenue drop due to virus
Feb 27, 2020 (AFP)
Close to half of almost 580 firms surveyed by the German and European Union chambers of commerce this month expect a double-digit fall in revenue for the first ...
Trump economic advisor sees no US recession ahead
Feb 25, 2020 (AFP)
In an interview broadcast on CNBC, Director of the National Economic Council Larry Kudlow replied "yes, we can," when asked if the United States could continue ...
China shutdowns to impact economy: White House economist
Feb 24, 2020 (AFP)
With the death toll worldwide reaching 2,600, the official cautioned that other illnesses such as influenza are responsible for far more fatalities annually tha...
Virus hits shipping, spreading global economic strain
Feb 23, 2020 (AFP)
As analysts pore over charts to gauge just how badly Chinese mega-factories have been hit, figures provided by cargo ship traffic paint a gloomy picture. The Ba...
UK digital bank serves clients shunned by big lenders
Feb 23, 2020 (AFP)
In early 2000, Estonia-born entrepreneur Norris Koppel arrived in Britain and spotted a major gap in UK banking for newly-arrived foreigners who had trouble ope...
Local authorities close Venice Carnival early on virus fears: report
Feb 23, 2020 (AFP)
"From this evening, we plan to stop carnival and all sporting activities until March 1," regional president Luca Zaia said in announcing a series of measures to...
Armani holds closed-door runway show as virus cases spike in Italy
Feb 23, 2020 (AFP)
Italy has confirmed 152 cases of the virus, including three deaths linked to it, and has imposed travel and movement restrictions for tens of thousands of resid...
Shopify joins nonprofit behind Facebook's Libra currency
Feb 21, 2020 (AFP)
Canada-based Shopify signed on as a member of the Libra Association after a string of companies dropped out in the face of criticism by regulators worried the b...
Russia counts China trade losses from coronavirus
Feb 21, 2020 (AFP)
Exports to China fell by nearly 34 percent from January 1 to February 19, according to Russian customs service data sent to AFP. Trade in grain, minerals, anima...
'Fiscal hawks' now endangered as US shrugs at debt
Feb 20, 2020 (AFP)
Eight years later, the clock has stopped under Republican President Donald Trump, and the "fiscal hawks" whose strident calls for action to contain the trillion...
Coronavirus slams Adidas, Puma sales in China
Feb 19, 2020 (AFP)
"Our business activity in Greater China has been around 85 percent below the prior year level since Chinese New Year on January 25," Adidas said in a statement....
IMF warns China virus hitting a fragile global economy
Feb 19, 2020 (AFP)
Beset by many other risks, including the paused but still-unresolved US-China trade war, the world is not in a good position to deal with a prolonged impact, sh...
HSBC axes 35,000 jobs as profits slump
Feb 18, 2020 (AFP)
Pre-tax profits tumbled by a third to $13.3 billion (12.3 billion euros) in 2019 from a year earlier, largely owing to a $7.3-billion write-off related to its i...
UN climate talks overshadowed by UK-Scotland tensions
Feb 18, 2020 (AFP)
Some 30,000 people, including 200 world leaders, are expected at the 10-day conference in Glasgow in November for crucial talks to halt rising global temperatur...
Foreign firms struggle to resume operations in virus-hit China
Feb 18, 2020 (AFP)
With many pharmaceutical companies globally sourcing from China, pharmacies may also face a shortage of antibiotics and other drugs if the epidemic is not resol...
Chanel halts Beijing fashion show over virus fears
Feb 17, 2020 (AFP)
"Considering the current situation and following the guidance of Chinese authorities, Chanel has decided to postpone its project of a replica of the Paris - 31 ...
Singapore lowers growth forecast as virus hits economy
Feb 17, 2020 (AFP)
The city-state is one of the worst affected places outside China, with 75 cases of the virus so far. China has more than 70,000 infections. Singapore downgraded...
Coronavirus could damage global growth in 2020: IMF
Feb 16, 2020 (AFP)
"There may be a cut that we are still hoping would be in the 0.1-0.2 percentage space," the managing director of the International Monetary Fund, Kristalina Geo...
Southeast Asia feels the burn as virus keeps Chinese tourists at home
Feb 16, 2020 (AFP)
From Luang Prabang in northern Laos to Pattaya in Thailand, Hoi An in Vietnam and the Cambodian casino town of Sihanoukville, takings have plummeted as Chinese ...
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