Latest International trade News

Norway hits export record amid soaring gas prices

Aug. 15, 2022 15:23 PM EDT

STOCKHOLM (AP) — Norway's exports reached a record in July, driven mainly by natural gas prices that have soared since Russia's invasion of Ukraine. The Scandinavian country’s statistics agency on Monday said Norwegian exports reached 229 billion kroner ($24 billion) last month,...

Putin vows to expand arms trade with Russia's allies

Aug. 15, 2022 11:04 AM EDT

MOSCOW (AP) — Russian President Vladimir Putin on Monday vowed to expand military cooperation with the country’s allies, noting that Moscow is ready to offer them its most advanced weapons. Speaking at the opening of an annual arms show outside Moscow that caters to foreign...

Myanmar executions revive pressure for more sanctions

Aug. 15, 2022 09:02 AM EDT

BANGKOK (AP) — Recent executions of four democracy activists in Myanmar have reenergized efforts to get the United States and other countries to impose further sanctions against military leaders who ousted an elected government early last year. Human rights advocates and comments...

Latvia, Estonia leave China-backed East Europe forum

Aug. 12, 2022 12:15 PM EDT

BEIJING (AP) — Latvia and Estonia say they have left a Chinese-backed forum aimed at boosting relations with Eastern European countries, in what appears to be a new setback for China's increasingly assertive diplomacy. The move follows China’s boosting of its relations with...

Give and take: West gives Ukraine weapons, bans Russian coal

Aug. 11, 2022 16:55 PM EDT

KYIV, Ukraine (AP) — On a day of give and take, Western nations made more pledges to send arms to Ukraine while the European Union's full ban on Russian coal imports kicked in Thursday, adding to the sanctions against Moscow that intelligence claims are hurting its defense exports. ...

EU says US electric vehicle tax credit could break WTO rules

Aug. 11, 2022 11:37 AM EDT

BRUSSELS (AP) — The European Union expressed concern Thursday that a new U.S. tax credit plan aimed at encouraging Americans to buy electric vehicles would discriminate against European producers and break World Trade Organization rules. Under the Inflation Reduction Act nearing...

China criticizes US chip law as threat to trade

Aug. 10, 2022 08:16 AM EDT

BEIJING (AP) — China on Wednesday criticized a U.S. law to encourage processor chip production in the United States and reduce reliance on Asian suppliers as a threat to trade and an attack on Chinese business. The law signed this week by President Joe Biden promises $52 billion in...

'The Sacrifice Zone': Myanmar bears cost of green energy

Aug. 09, 2022 12:49 PM EDT

The birds no longer sing, and the herbs no longer grow. The fish no longer swim in rivers that have turned a murky brown. The animals do not roam, and the cows are sometimes found dead. The people in this northern Myanmar forest have lost a way of life that goes back generations. But...

Russia curtails oil shipments to central Europe

Aug. 09, 2022 12:01 PM EDT

Several countries in Europe dependent on Russian energy suffered another blow with confirmation Tuesday that oil shipments have stopped through a critical pipeline. Russian state pipeline operator Transneft said it halted shipments through the southern branch of the Druzhba oil...

Taiwan warns China drills show ambitions beyond island

Aug. 09, 2022 09:13 AM EDT

PINGTUNG, Taiwan (AP) — Taiwan warned Tuesday that Chinese military drills aren't just a rehearsal for an invasion of the self-governing island but also reflect ambitions to control large swaths of the western Pacific, as Taipei conducted its own exercises to underscore it's ready to defend...