Latest International trade News

UAE hosted Syrian businessman on US sanctions list

Jan. 22, 2019 12:43 PM EST

BEIRUT (AP) — The United Arab Emirates hosted a Syrian trade delegation led by a businessman and lawmaker who has been on the U.S. Treasury sanctions list since the country's civil war erupted in 2011, UAE state media reported Tuesday. The meeting marked the latest manifestation of a changing regional...

The Latest: Merck to ship 120,000 more Ebola vaccine doses

Jan. 22, 2019 12:32 PM EST

DAVOS, Switzerland (AP) — The Latest on the World Economic Forum in Davos, Switzerland (all times local): 5:25 p.m. The chairman of Chinese telecommunications giant Huawei has denied that his company's technology allows China's security forces to eavesdrop on customers and demanded that critics back up the...

China grants Ivanka Trump 5 trademarks amid trade talks

Jan. 21, 2019 10:05 PM EST

SHANGHAI (AP) — The Chinese government has granted Ivanka Trump's company preliminary approval for another five trademarks this month, as her father's administration pushes ahead on trade negotiations with China. Four trademarks, including child care centers, sunglasses and wedding dresses, were approved...

UN forecasts global economic growth around 3 percent in 2019

Jan. 21, 2019 6:23 PM EST

UNITED NATIONS (AP) — The global economy will grow around 3 percent annually in 2019 and 2020, but waning support for multilateralism, escalating trade disputes, increasing debt and rising climate risks are clouding prospects, the United Nations said Monday. The U.N.'s report, the World Economic Situation...

UK leader unveils Brexit Plan B, looks a lot like Plan A

Jan. 21, 2019 5:08 PM EST

LONDON (AP) — British Prime Minister Theresa May unveiled her Brexit Plan B on Monday — and it looks a lot like Plan A. May launched a mission to resuscitate her rejected European Union divorce deal, setting out plans to get it approved by Parliament after securing changes from the EU to a...

The Latest: Zimbabwe president returns to address crisis

Jan. 21, 2019 5:06 PM EST

HARARE, Zimbabwe (AP) — The Latest on Zimbabwe's ongoing protests and turmoil. (all times local): 11:57 p.m. Zimbabwe's President Emmerson Mnangagwa arrived in Harare late Monday after cutting short his fund-raising trip in order to address the country's economic crisis and crackdown. Mnangagwa was...

Stocks subdued as Chinese growth falls to weakest since '90

Jan. 21, 2019 11:56 AM EST

BANGKOK (AP) — World stocks were subdued Monday after China reported its slowest economic expansion in 30 years and the International Monetary Fund cut its forecasts for global growth this year. KEEPING SCORE: Germany's DAX fell 0.6 percent to close at 11,136.20 while the CAC 40 in France slipped 0.2...

World economy forecast to slow in 2019 amid trade tensions

Jan. 21, 2019 11:15 AM EST

DAVOS, Switzerland (AP) — The world economy absorbed more bad news Monday: The International Monetary Fund cut its growth forecast for 2019. And China, the world's second-biggest economy, said it had slowed to its weakest pace since 1990. The IMF cut its estimate for global growth this year to 3.5 percent,...

Interest rates could stay lower for longer in Europe

Jan. 21, 2019 9:49 AM EST

FRANKFURT, Germany (AP) — Multiple threats stalking Europe's economy mean the European Central Bank could keep interest rates at rock-bottom levels longer than expected, extending skimpy returns for savers — but supporting indebted companies and governments with low borrowing costs. Speculation...

China's 2018 economic growth sinks to 3-decade low

Jan. 21, 2019 5:45 AM EST

BEIJING (AP) — China's economic growth hit a three-decade low in 2018, adding to pressure on Beijing to beef up stimulus measures and settle a tariff war with Washington. Growth slowed to 6.6 percent from 2017's 6.9 percent as both the world's appetite for China's exports and domestic consumer spending...