Latest International trade News

India curbs sugar exports to ensure supply, stabilize price

May. 25, 2022 02:58 AM EDT

NEW DELHI (AP) — India is restricting its sugar exports to 10 million tons in the current season to help maintain domestic availability and keep prices stable. The decision follows a similar measure for wheat and comes amid signs of tightening world supplies. India...

Sweden, Finland delegations in Turkey for NATO talks

May. 25, 2022 02:44 AM EDT

ANKARA, Turkey (AP) — Delegations from Sweden and Finland were scheduled on Wednesday to hold talks in Ankara with senior Turkish officials in an effort to overcome Turkey’s objections to their historic bids to join the NATO alliance. Sweden and Finland submitted their written...

Australia's government urges China to remove trade barriers

May. 24, 2022 21:24 PM EDT

CANBERRA, Australia (AP) — Australia’s new government has urged China to lift trade sanctions if it wants to reset a bilateral relationship that plumbed new depths under the previous administration. The Chinese premier’s congratulatory letter to Prime Minister Anthony Albanese...

Live updates | Russia-Ukraine War

May. 24, 2022 21:50 PM EDT

The Russian parliament gave preliminary approval Tuesday to a bill that would allow the government to appoint new management of foreign companies that pulled out of Russia after its invasion of Ukraine. According to the state news agency Tass, the new law would transfer control over...

US safety, savings rules set stage for baby formula shortage

May. 24, 2022 20:49 PM EDT

WASHINGTON (AP) — A massive recall is getting most of the blame for the U.S. baby formula shortage, but experts say the products have long been vulnerable to this type of crisis due to decades-old policies that have allowed a handful of companies to corner the market. Those...

Davos updates | Soros: New tech, AI help repressive regimes

May. 24, 2022 15:02 PM EDT

DAVOS, Switzerland (AP) — Billionaire investor turned philanthropist George Soros has blamed new technology for helping repressive regimes like Russia and China exert greater control. Speaking Tuesday at a dinner for journalists on the sidelines of the World Economic Forum’s...

In Asia, Biden pushes values he struggles to sell at home

May. 24, 2022 14:54 PM EDT

TOKYO (AP) — Joe Biden spent his first trip to Asia as president strengthening economic and military commitments. He pushed new rules for the global economy and promoted democracy in launching a new trade pact. And he summoned fellow Indo-Pacific leaders to do more in defense of Ukraine even if...

Sweden says it's not providing money, military aid to Kurds

May. 24, 2022 12:21 PM EDT

STOCKHOLM (AP) — Sweden on Tuesday denied that it was providing any “financial assistance or military support” to Kurdish groups or entities in Syria — claims that Turkey's using to back its opposition to Sweden's and neighboring Finland's historic bids to join NATO. The...

Asian shares mostly lower as inflation worries cloud outlook

May. 23, 2022 23:00 PM EDT

TOKYO (AP) — Asian shares were mostly lower on Tuesday as worries over inflation tempered optimism over President Joe Biden’s remark that he was considering reducing U.S. tariffs on Chinese imports. Benchmarks fell in Tokyo, Seoul, Shanghai and Hong Kong but rose slightly in...

US, others say APEC walkout aimed at Russia over invasion

May. 23, 2022 08:55 AM EDT

BANGKOK (AP) — The United States and four other nations that walked out of an Asia-Pacific Economic Cooperation group meeting in Bangkok over the weekend underlined their support Monday for host nation Thailand, saying their protest was aimed solely at Russia because of its invasion of Ukraine. ...