Latest International trade News

'The Sacrifice Zone': Myanmar bears cost of green energy

Aug. 09, 2022 12:49 PM EDT

The birds no longer sing, and the herbs no longer grow. The fish no longer swim in rivers that have turned a murky brown. The animals do not roam, and the cows are sometimes found dead. The people in this northern Myanmar forest have lost a way of life that goes back generations. But...

Russia curtails oil shipments to central Europe

Aug. 09, 2022 12:01 PM EDT

Several countries in Europe dependent on Russian energy suffered another blow with confirmation Tuesday that oil shipments have stopped through a critical pipeline. Russian state pipeline operator Transneft said it halted shipments through the southern branch of the Druzhba oil...

Taiwan warns China drills show ambitions beyond island

Aug. 09, 2022 09:13 AM EDT

PINGTUNG, Taiwan (AP) — Taiwan warned Tuesday that Chinese military drills aren't just a rehearsal for an invasion of the self-governing island but also reflect ambitions to control large swaths of the western Pacific, as Taipei conducted its own exercises to underscore it's ready to defend...

Asian stocks mixed after US job gain paves way for rate hike

Aug. 08, 2022 00:06 AM EDT

BEIJING (AP) — Asian stocks were mixed on Monday after strong U.S. jobs data cleared the way for more interest rate hikes and China reported its exports rose by double digits. Shanghai and Tokyo advanced while Hong Kong and Seoul retreated. Oil prices edged higher. ...

Bangladesh seeks China help to repatriate Rohingya refugees

Aug. 07, 2022 21:42 PM EDT

DHAKA, Bangladesh (AP) — Bangladesh on Sunday sought cooperation from China to repatriate Rohingya refugees to Myanmar during a visit by Foreign Minister Wang Yi, who promised better trade ties, investment and support for infrastructure development in the South Asian nation. China...

China July exports rise, with trade surplus at record-high

Aug. 07, 2022 09:36 AM EDT

BEIJING (AP) — China’s export growth continued to rise in July, sending trade surplus to a record high, according to government data. China’s exports grew 18% to $333 billion compared to the same period last year, and were up from 17.9% in June, according to data from China’s...

Venezuela, Colombia border areas hopeful as reopening looms

Aug. 06, 2022 22:02 PM EDT

SAN JUAN DE COLON, Venezuela (AP) — The freight company owned by Alfredo Rosales and his brothers was hustling, its 50 or so trucks constantly on the go hauling about 1 million tons of coal, cement, flour and other goods every year in commerce between Venezuela and Colombia. Their...

Blinken: China should not hold global concerns 'hostage'

Aug. 06, 2022 06:18 AM EDT

MANILA, Philippines (AP) — U.S. Secretary of State Antony Blinken said Saturday that China should not hold hostage talks on important global matters such as the climate crisis, after Beijing cut off contacts with Washington in retaliation for U.S. House Speaker Nancy Pelosi's visit to Taiwan...

ASEAN special envoy to Myanmar warns on further executions

Aug. 06, 2022 01:15 AM EDT

PHNOM PENH, Cambodia (AP) — Efforts by Myanmar’s neighbors to help restore peace and normalcy to the strife-torn Southeast Asian nation were hindered by the country’s recent executions of four political activists, Cambodia’s foreign minister said Saturday. Prak Sokhonn,...

3 more ships with grain depart Ukraine ports under UN deal

Aug. 05, 2022 16:18 PM EDT

ISTANBUL (AP) — Three more ships carrying thousands of tons of corn left Ukrainian ports Friday and traveled mined waters toward inspection of their delayed cargo, a sign that an international deal to export grain held up since Russia invaded Ukraine was slowly progressing. But major hurdles lie...