Latest Visible trade News

China's trade rebounds in May as anti-virus curbs ease

Jun. 09, 2022 04:57 AM EDT

BEIJING (AP) — China’s trade growth rebounded in May after anti-virus restrictions that shut down Shanghai and other industrial centers began to ease. Exports surged 16.9% over a year earlier to $308.3 billion, up from April’s 3.7% growth, a customs agency statement said...

Live updates | U.S. to hold Russia accountable for crimes

Jun. 02, 2022 19:21 PM EDT

UNITED NATIONS —The United States and its allies are vowing to hold Russia accountable for crimes committed by its forces since they invaded Ukraine on Feb. 24. U.S. Undersecretary of State Uzra Zeya told a U.N. Security Council meeting Thursday on strengthening accountability and...

Poland boosting its infrastructure to help Ukrainian exports

Jun. 01, 2022 12:37 PM EDT

WARSAW, Poland (AP) — Poland’s Prime Minister Mateusz Morawiecki said Wednesday his country is improving its transport infrastructure to ease the export of grain and other key products from neighboring Ukraine that has been severely restricted by Russia's invasion. Morawiecki...

Live updates | Biden explains providing Ukraine with rockets

May. 31, 2022 20:54 PM EDT

WASHINGTON — President Joe Biden said in a guest essay Tuesday evening in The New York Times that he’s decided to provide the Ukrainians with more advanced rocket systems and munitions that will enable them to more precisely strike key targets on the battlefield. The expectation...

14-year sentence for engineer in China trade secrets case

May. 09, 2022 18:48 PM EDT

GREENEVILLE, Tenn. (AP) — A chemical engineer has been sentenced to 14 years in prison over what prosecutors say was a scheme to steal trade secrets about materials used in cans for soda and other drinks to benefit the Chinese government and a Chinese company. According to the U.S....

China trade weakens after cities shut down to fight virus

May. 09, 2022 02:11 AM EDT

BEIJING (AP) — China’s export growth tumbled in April as global demand weakened, adding to pressure on the world’s second-largest economy after Shanghai and other industrial cities were shut down to fight virus outbreaks. Exports rose 3.7% over a year earlier to $273.6 billion,...

Workers strike to pressure Sri Lankan president to step down

Apr. 28, 2022 10:50 AM EDT

COLOMBO, Sri Lanka (AP) — Businesses were closed, teachers absent and public transportation interrupted as Sri Lankans heeded a call for a general strike Thursday to pressure the president to step down over a growing economic and political crisis. Business districts in the capital,...

Nepal running low on foreign exchange, discourages imports

Apr. 15, 2022 09:12 AM EDT

KATHMANDU, Nepal (AP) — Nepal is running low on foreign currency reserves needed to import medicines, oil products, cars and a range of other items, and will run out in seven months if things don't improve, a central bank official said Friday. The central bank has increased...

WTO: War in Ukraine to curb trade, economic growth this year

Apr. 12, 2022 09:31 AM EDT

GENEVA (AP) — The World Trade Organization predicted Tuesday that trade in goods will grow much less than previously expected this year, saying prospects for the global economy have darkened since the onset of Russia’s war in Ukraine. In the latest grim economic outlook to...

EXPLAINER: Russia is not a 'most favored nation.' What now?

Apr. 07, 2022 15:45 PM EDT

WASHINGTON (AP) — With Congress voting to suspend normal trade relations with Russia and ban the importation of its oil, President Joe Biden's action to tighten the U.S. squeeze on Russia's economy now can intensify. The action Thursday by the U.S. House and Senate to revoke...