TRADE WARS

News About World Trade

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London Fashion Week opens under shadow of novel coronavirus
Feb 14, 2020 (AFP)
Organisers the British Fashion Council (BFC) said it expected attendance "to be significantly reduced" due to the travel restrictions imposed as a result of the...
Not (trade) fair: industry gatherings fall victim to coronavirus
Feb 13, 2020 (AFP)
The cancellation of the Mobile World Congress due to have been held in Barcelona later this month shows the event organisers are under intense pressure. The fou...
Alibaba earnings surge 58 pct on 'Single's Day' boost
Feb 13, 2020 (AFP)
Net profit reached 52.3 billion yuan ($7.5 billion) in the October-December third quarter. Alibaba dominates China's consumer culture and its corporate results ...
European Parliament ratifies EU-Vietnam trade pact
Feb 12, 2020 (AFP)
The legislature, sitting in the eastern French city of Strasbourg, gave its assent to the pact with a vote of 401 in favour, 192 against and 40 abstentions. The...
Novel coronavirus hitting global postal services: UN
Feb 12, 2020 (AFP)
"The spread of the novel coronavirus has led to the suspension of airline flights and is impacting postal operations," the Switzerland-based Universal Postal Un...
China inflation rises as coronavirus disrupts supply chains
Feb 10, 2020 (AFP)
Beijing had already been battling a slowing domestic economy before the new coronavirus emerged, disrupting businesses, travel and supply chains. The consumer p...
Coronavirus to take shine off global luxury business
Feb 07, 2020 (AFP)
Here are some facts about the importance of Chinese buyers for the world's companies making stylish and expensive things. - The luxury engine - Chinese consumer...
Embattled Credit Suisse chief Thiam steps down
Feb 07, 2020 (AFP)
"The Board of Directors of Credit Suisse Group has unanimously accepted the resignation of Tidjane Thiam and appointed Thomas Gottstein as the new CEO of Credit...
China to halve tariffs on $75 bn of US imports
Feb 06, 2020 (AFP)
The State Council Tariff Commission announced the reductions after Beijing and Washington signed an initial deal last month to dial down a long-running trade wa...
Virus won't prevent China from living up to trade deal: Mnuchin
Feb 06, 2020 (AFP)
Economists fear the virus, which has prompted businesses to close their doors and has shut down air transport which is key to the US supply chain for parts and ...
China to cut tariffs on $75 billion in US imports
Feb 06, 2020 (AFP)
The reduction will apply to levies of five percent and 10 percent that were imposed on more than 1,700 items in September, according to the State Council Tariff...
Somber start to Fashion Week for Chinese label amid virus fears
Feb 06, 2020 (AFP)
"Mukzin might be the only Chinese brand you will see at this New York Fashion Week," said an announcer, before introducing the autumn-winter 2020 collection of ...
Pope says poverty can be beaten if rich play their part
Feb 05, 2020 (AFP)
"We are neither condemned to inequality nor to paralysis in the face of injustice. The rich world and a prosperous economy can and must end poverty," the Argent...
Virus outbreak to delay Chinese purchase of US goods: Trump aide
Feb 04, 2020 (AFP)
The US and China agreed in January to a deal that ended their trade war, with Beijing agreeing to buy an additional $200 billion in American goods over the next...
World Bank to lower global growth forecast over virus outbreak
Feb 04, 2020 (AFP)
The World Bank last month forecast a rebound in global growth this year after the easing of trade tensions between the US and China that had contributed to a de...
Nike says virus to have 'material impact' on China operations
Feb 04, 2020 (AFP)
The outbreak that has infected over 20,000 people and killed more than 425 in China has forced many stores and factories to close and airlines to cancel flights...
Hong Kong economy shrinks for first time in a decade
Feb 03, 2020 (AFP)
The data was released as the semi-autonomous city begins the lunar new year facing another economic crisis -- the outbreak of a deadly new coronavirus strain wh...
Panasonic April-December operating profit hit by China sales
Feb 03, 2020 (AFP)
The Japanese consumer electronics giant said its nine-month sales fell 5.4 percent to 5.76 trillion yen ($53.04 billion) as the weakness of the Chinese market a...
China exempts US imports from tariffs for virus fight
Feb 01, 2020 (AFP)
The decision comes as China is scrambling to contain the spread of the virus which has overwhelmed hospitals and caused shortages of medical supplies in the wor...
China's factory activity falls in January as virus fears grow
Jan 31, 2020 (AFP)
The Purchasing Managers' Index (PMI), an early gauge of factory activity, came in at 50, down slightly from 50.2 the month before. A reading above 50 indicates ...
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