BRUSSELS — The European Commission wants to prevent Russia from using farm products as a tool to wreak havoc on the EU market and is moving to impose tariffs on grain imports from Russia and Belarus. The tariffs are also aimed at denying Russia revenue, because they will effectively suppress exports to the EU, the … Read more
BEIJING — In Beijing and Kyiv, the divide between China and Europe over the war in Ukraine was on display this week. As a Chinese envoy crisscrossed Europe for talks on ending the war, his boss, Foreign Minister Wang Yi, trumpeted a sharp rise in China-Russia trade — which the West sees as providing an … Read more
HONG KONG — China’s exports and imports for the first two months of the year beat estimates, an indication that demand may be improving as Beijing attempts to speed up its economic recovery. Exports in January-February grew 7.1% from a year earlier, according to customs data released Thursday, up from a 2.3% rise in December. … Read more
QUITO, Ecuador (AP) — A diplomatic rift between Ecuador and Russia appeared to intensify over the weekend after the European nation decided to ban some imports of bananas from Ecuador. The two countries have been at loggerheads recently after Ecuador decided to transfer some of its old Russian military equipment to the United States, in … Read more
Containers sit at the Yangshan Port in Shanghai, China, Aug. 6, 2019. Aly Song | Reuters BEIJING — China’s annual exports fell for the first time in seven years in 2023, even as shipments in December beat expectations, customs data showed Friday. Exports rose by 2.3% year on year in U.S. dollar terms last month, … Read more
TUNL, a South African parcel shipping platform, has secured $1 million in pre-seed funding from investors, including Founders Factory Africa, Digital Africa Ventures, E4E Africa, and Jozi Angels. The platform, which claims to help e-commerce merchants save between 50% and 80% on international shipping costs, said the funding will fuel its expansion in its primary … Read more
YANTAI, CHINA – DECEMBER 5, 2023 – A large number of Chinese-made cars are ready to be loaded for export at Yantai Port in Yantai, Shandong province, China, Dec 5, 2023. (Photo credit should read CFOTO/Future Publishing via Getty Images) Future Publishing | Future Publishing | Getty Images BEIJING — China’s exports unexpectedly ticked higher … Read more
The Biden administration has announced it is tightening export controls on semiconductor chips used for artificial intelligence and the equipment used to manufacture them, in an effort to prevent China from acquiring or producing advanced chips. The rules update restrictions that the U.S. announced a year ago prohibiting the sale of chips above a certain … Read more
BOGOTA, Colombia — Israel has suspended security exports to Colombia in an escalating diplomatic spat over online messages by Colombia’s president comparing Israel’s siege of Gaza to the actions of Nazi Germany. Colombian President Gustavo Petro has doubled down on his criticism of Israel and suggested that his country may need to suspend diplomatic relations … Read more
An aerial view of a container ship leaving the dockyard in Qingdao in east China’s Shandong province. Future Publishing | Future Publishing | Getty Images BEIJING — China reported a smaller-than-expected decline in exports in September from a year ago, while imports missed, according to customs data released Friday. In U.S.-dollar terms, exports fell by … Read more