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Recession-hit Japan's exports, imports fall due to pandemic
TOKYO (AP) — Recession-hit Japan's exports plunged nearly 22% in April, marking their worst drop in more than a decade, as the coronavirus pandemic slammed global demand for autos, machinery and chemicals. Imports fell 7% from a year earlier, according to Finance Ministry data released Thursday. The drop...
Lebanese man pleads guilty to drone parts export conspiracy
MINNEAPOLIS (AP) — A Lebanese man has pleaded guilty in federal court in Minnesota to conspiring to export drone parts and technology from the U.S. to Iranian-backed Hezbollah militia in Lebanon. U.S. Attorney Erica H. MacDonald said Monday that Usama Hamade, 55, pleaded guilty to conspiring to illegally...
US meat exports surge as industry struggles to meet demand
OMAHA, Neb. (AP) — U.S. meat exports are surging even as the industry is struggling to meet domestic demand because of coronavirus outbreaks at processing plants that have sickened hundreds of workers and caused companies to scramble to improve conditions. Although the situation could cause concern that...
China suspends penalties on more US goods in trade truce
BEIJING (AP) — China suspended punitive tariffs on more U.S. goods including radar equipment for aviation Tuesday amid pressure from President Donald Trump to buy more imports as part of a truce in their trade war. The Ministry of Finance said tariff increases on 79 types of goods including radar sets,...
Bosnia: imported ventilators from China useless for COVID-19
SARAJEVO, Bosnia-Herzegovina (AP) — Bosnia’s state prosecutors say about a hundred ventilators imported from China by a private company and paid for by the country's government have been found to be useless for COVID-19 patients. The little known fruit-processing firm, with no license to import...
China exports rebound in April but more weakness ahead
BEIJING (AP) — China’s exports rebounded in April to rise 3.5% over a year earlier, but forecasters warned that strength is unlikely to last as the coronavirus pandemic depresses global consumer demand. Exports to the United States rose 2.2%, while imports of American goods fell 11% in a sign of...
US trade gap rises to $44.4 billlion as virus slams commerce
WASHINGTON (AP) — The U.S. trade deficit rose in March as the coronavirus outbreak battered America's trade with the world. The Commerce Department reported Tuesday that the gap between what the United States sells and what it buys abroad widened 11.6% in March to $44.4 billion from $39.8 billion in...
The Latest: China has just 2 new cases
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — Hundreds protest Oregon's stay-at-home order. —...
China denies Indian claim that Chinese test kits are faulty
NEW DELHI (AP) — China's embassy in New Delhi has denied allegations by the Indian government that coronavirus testing kits it ordered from China are faulty, calling the claim unfair and irresponsible. On Monday, the national Indian Council of Medical Research canceled an order for nearly 1 million rapid...
UN experts want to blacklist 14 ships over NKorea sanctions
UNITED NATIONS (AP) — U.N. experts have recommended blacklisting 14 vessels for violating sanctions against North Korea in a report that accuses the country of increasing illegal coal exports, imports of petroleum products and continuing with cyber attacks on financial institutions and cryptocurrency...
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