Latest International trade News

Russia's war in Ukraine to overshadow G-20 talks in Bali

Jul. 07, 2022 07:35 AM EDT

JAKARTA, Indonesia (AP) — Foreign ministers from the Group of 20 leading rich and developing nations are gathering in Indonesia’s resort island of Bali for talks bound to be dominated by the conflict in Ukraine despite an agenda focused on global cooperation and food and energy security. ...

Are 4-day workweeks, flexible hours the future of full-time?

Jul. 07, 2022 07:01 AM EDT

A four-day workweek sounds appealing to workers. Possibly alarming to employers. A bill introduced in the California legislature earlier this year proposed a regular pay rate for 32 hours of work per week, with overtime kicking in after that. The measure stalled in committee for a...

Sri Lankan president calls Russian leader seeking fuel

Jul. 06, 2022 07:38 AM EDT

COLOMBO, Sri Lanka (AP) — Sri Lanka's President Gotabaya Rajapaksa said Wednesday that he had a telephone call with Russian leader Vladimir Putin to request credit support to import fuel for the island nation that is facing its worst economic crisis in memory. “Had a very...

OPEC secretary-general dies, just weeks shy of departure

Jul. 06, 2022 06:36 AM EDT

ABUJA, Nigeria (AP) — The Secretary-General of the Organization of Petroleum Exporting Countries has died, Nigerian authorities and the oil cartel announced Wednesday. Only hours before his death, he'd met with Nigeria's president and spoken in defense of the energy industry amid increasing...

West Coast dockworkers still talking after contract expires

Jul. 05, 2022 21:44 PM EDT

LOS ANGELES (AP) — A contract between shipping companies and 22,000 West Coast dockworkers expired over the weekend. But both sides continued to talk and said they want to avoid a strike that could savage an economy already stressed by soaring inflation and supply chain woes. The...

Chinese envoy expresses concern over US tariffs with Yellen

Jul. 05, 2022 01:26 AM EDT

BEIJING (AP) — China’s envoy to trade war talks with Washington expressed concern about U.S. tariffs on Chinese imports during a phone call Tuesday with Treasury Secretary Janet Yellen, the Ministry of Commerce announced, but it gave no indication of progress toward resolving an array of...

Myanmar hosts 1st regional meeting since army takeover

Jul. 04, 2022 11:41 AM EDT

BANGKOK (AP) — Myanmar's military government on Monday hosted its first high-level regional meeting since the army took power last year, with Chinese Foreign Minister Wang Yi and counterparts from Mekong Delta nations attending. State broadcaster MRTV reported that Wang met with...

Germany records 1st export deficit in over 30 years

Jul. 04, 2022 11:40 AM EDT

BERLIN (AP) — Germany recorded its first monthly trade deficit since 1991 in May as a result of higher import prices, figures released Monday show. The Federal Statistical Office said exports reached 125.8 billion euros ($131.5 billion) last month, while imports came in at 126.7...

China's top diplomat visits Myanmar amid opposition protest

Jul. 03, 2022 00:30 AM EDT

BANGKOK (AP) — China’s top diplomat on Saturday arrived on his first visit to Myanmar since the military seized power last year to attend a regional meeting that the government said was a recognition of its legitimacy and opponents protested as a violation of peace efforts. ...

Australia prioritizes reducing emissions and cheaper EVs

Jul. 02, 2022 04:06 AM EDT

CANBERRA, Australia (AP) — Australia’s new government is putting climate change at the top of its legislative agenda when Parliament sits next month for the first time since the May 21 election, with bills to enshrine a cut in greenhouse gas emissions and make electric cars cheaper, a minister...