Latest International trade News

Ex-rebel frontrunner in Colombian vote, could shake US ties

May. 27, 2022 00:11 AM EDT

BOGOTA, Colombia (AP) — Last year, Fabian Espinel helped organize roadblocks where young people protested against police violence and government plans to increase taxes on lower income Colombians. Now, as Colombia heads into its presidential election Sunday, Espinel walks the...

Russia slams sanctions, seeks to blame West for food crisis

May. 26, 2022 23:15 PM EDT

KYIV, Ukraine (AP) — Moscow pressed the West on Thursday to lift sanctions against Russia over the war in Ukraine, seeking to shift the blame for a growing food crisis that has been worsened by Kyiv’s inability to ship millions of tons of grain and other agricultural products while under...

China and Russia veto new UN sanctions on North Korea

May. 26, 2022 23:03 PM EDT

UNITED NATIONS (AP) — China and Russia vetoed a U.N. resolution sponsored by the United States on Thursday that would have imposed tough new sanctions on North Korea for its spate of intercontinental ballistic missile launches that can be used to deliver nuclear weapons. The vote...

Live updates | Mayor: Some 1,500 killed in Sievierodonetsk

May. 26, 2022 22:29 PM EDT

KYIV, Ukraine — The Ukrainian city of Sievierodonetsk is the center of fierce fighting in the east. Mayor Oleksandr Stryuk says it’s holding out even though a Russian reconnaissance and sabotage group went into a city hotel. Stryuk said at least 1,500 people have been killed in...

Iranian oil tanker's cargo seized in Greece after US request

May. 26, 2022 13:02 PM EDT

ATHENS, Greece (AP) — The crude oil cargo of an Iranian-flagged tanker that was stopped in Greek waters last month has been seized and is being transferred to another vessel following a request from the U.S., a Greek official said Thursday. The official said following a “judicial...

Thai leader: Asia is gaining strategic, economic importance

May. 26, 2022 10:37 AM EDT

TOKYO (AP) — Thai Prime Minister Prayuth Chan-ocha said Thursday that a new U.S.-backed economic pact is further proof of how important and relevant Asia is today. “Asia is still expanding and gaining more influence in terms of strategic and economic importance,” Prayuth said....

US economy shrank by 1.5% in Q1 but consumers kept spending

May. 26, 2022 09:10 AM EDT

WASHINGTON (AP) — The U.S. economy shrank in the first three months of the year even though consumers and businesses kept spending at a solid pace, the government reported Thursday in a slight downgrade of its previous estimate for the January-March quarter. Last quarter's drop in...

EXPLAINER: What's at stake for China on South Pacific visit?

May. 26, 2022 02:17 AM EDT

BEIJING (AP) — China’s Foreign Minister Wang Yi is visiting the South Pacific with a 20-person delegation this week in a display of Beijing's growing military and diplomatic presence in the region. The U.S. has traditionally been the area's major power, but China has been...

US sets Thursday vote on new UN sanctions on North Korea

May. 25, 2022 20:07 PM EDT

UNITED NATIONS (AP) — The United States called for a vote Thursday on a U.N. resolution that would impose tougher sanctions on North Korea for its recent launches of intercontinental ballistic missiles that can be used to deliver nuclear weapons. The U.S. Mission to the United...

Davos updates | VW: Supply chain woes ease; orders backed up

May. 25, 2022 14:01 PM EDT

DAVOS, Switzerland (AP) — Executives with German automaker Volkswagen say at the World Economic Forum meeting in Davos that supply chain problems exacerbated by the Russia-Ukraine war are easing but they’re dealing with a huge backlog of orders. Audi board member Hildegard...