Latest International trade News

Ukraine's foreign minister pledges to export grain to Africa

Oct. 04, 2022 09:53 AM EDT

DAKAR, Senegal (AP) — Ukraine's Foreign Minister Dmytro Kuleba promised that his embattled country will do all it can to send more grain to Africa as he began his tour this week of the continent in Senegal. Ukraine will be sending “boats full of seeds for Africa,” Kuleba said...

Russia smuggling Ukrainian grain to help pay for Putin's war

Oct. 03, 2022 08:38 AM EDT

BEIRUT (AP) — When the bulk cargo ship Laodicea docked in Lebanon last summer, Ukrainian diplomats said the vessel was carrying grain stolen by Russia and urged Lebanese officials to impound the ship. Moscow called the allegation “false and baseless,” and Lebanon’s...

Allies aim for risky Russian oil price cap as winter nears

Oct. 02, 2022 00:04 AM EDT

WASHINGTON (AP) — U.S. officials celebrated in early September when top allies agreed to back an audacious, never-before-tried plan to clamp down on Vladimir Putin’s access to cash as he wages war on Ukraine. The idea sounded simple enough: The countries would pay only cut-rate...

What the war in Ukraine means for Asia's climate goals

Oct. 01, 2022 18:31 PM EDT

NEW DELHI, India (AP) — The queues outside petrol pumps in Sri Lanka have lessened, but not the anxiety. Asanka Sampath, a 43-year-old factory clerk, is forever vigilant. He checks his phone for messages, walks past the pump, and browses social media to see if fuel has arrived....

Japan PM condemns Russian annexation of parts of Ukraine

Sep. 30, 2022 21:15 PM EDT

TOKYO (AP) — Japanese Prime Minister Fumio Kishida, in telephone call Friday with Ukrainian President Volodymyr Zelenskyy, condemned Russia’s new annexation of parts of Ukraine as illegal and a violation of the country's sovereignty. “I told him that the process that Russia...

US outlines plan for long-term baby formula imports

Sep. 30, 2022 11:46 AM EDT

WASHINGTON (AP) — U.S. regulators on Friday unveiled their plan to allow foreign baby formula manufacturers to stay on the market long term, an effort to diversify the nation's tightly concentrated industry and prevent future shortages. The Food and Drug Administration said recent...

Azerbaijan to increase gas deliveries to Bulgaria, Europe

Sep. 30, 2022 10:52 AM EDT

SOFIA, Bulgaria (AP) — Azerbaijan’s president said Friday that his country is a reliable partner and will stick to an agreement to double gas exports to the European Union by 2027. Speaking to reporters in Bulgaria's capital, President Ilhan Aliyev called a new gas...

Sweden moves closer to NATO, lifts arms embargo on Turkey

Sep. 30, 2022 09:05 AM EDT

STOCKHOLM (AP) — Would-be NATO member Sweden on Friday announced it will allow exports of arms to Turkey, which had threatened to block the Scandinavian nation’s application to join the 30-member defense alliance. The decision means that Sweden, which has sought NATO membership...

'Big impact': UK economic chaos, pound plunge hit businesses

Sep. 30, 2022 02:33 AM EDT

LONDON (AP) — Like many small business owners in Britain, Harry Niazi hoped for government help to keep his south London fish and chip shop going in the face of rocketing energy bills and soaring inflation. But an economic stimulus plan announced last week by Prime Minister Liz...

Russia's nuclear trade with Europe flows despite Ukraine war

Sep. 29, 2022 10:54 AM EDT

PARIS (AP) — While the European Union has agreed to curtail its use of Russian oil and gas, its member nations continue to import and export nuclear fuel that is not under EU sanctions — to the chagrin of the Ukrainian government and environmental activists. A cargo ship...