Latest International trade News

EXPLAINER: What's at stake for China on South Pacific visit?

May. 26, 2022 02:17 AM EDT

BEIJING (AP) — China’s Foreign Minister Wang Yi is visiting the South Pacific with a 20-person delegation this week in a display of Beijing's growing military and diplomatic presence in the region. The U.S. has traditionally been the area's major power, but China has been...

US sets Thursday vote on new UN sanctions on North Korea

May. 25, 2022 20:07 PM EDT

UNITED NATIONS (AP) — The United States called for a vote Thursday on a U.N. resolution that would impose tougher sanctions on North Korea for its recent launches of intercontinental ballistic missiles that can be used to deliver nuclear weapons. The U.S. Mission to the United...

Davos updates | VW: Supply chain woes ease; orders backed up

May. 25, 2022 14:01 PM EDT

DAVOS, Switzerland (AP) — Executives with German automaker Volkswagen say at the World Economic Forum meeting in Davos that supply chain problems exacerbated by the Russia-Ukraine war are easing but they’re dealing with a huge backlog of orders. Audi board member Hildegard...

Editorial Roundup: United States

May. 25, 2022 12:41 PM EDT

Excerpts from recent editorials in the United States and abroad: May 23 The Washington Post say paused Disinformation Governance Board was doomed from its inception The Disinformation Governance Board has been put on pause — leaving skeptics of the new...

India curbs sugar exports to ensure supply, stabilize price

May. 25, 2022 02:58 AM EDT

NEW DELHI (AP) — India is restricting its sugar exports to 10 million tons in the current season to help maintain domestic availability and keep prices stable. The decision follows a similar measure for wheat and comes amid signs of tightening world supplies. India...

Australia's government urges China to remove trade barriers

May. 24, 2022 21:24 PM EDT

CANBERRA, Australia (AP) — Australia’s new government has urged China to lift trade sanctions if it wants to reset a bilateral relationship that plumbed new depths under the previous administration. The Chinese premier’s congratulatory letter to Prime Minister Anthony Albanese...

Live updates | Russia-Ukraine War

May. 24, 2022 21:50 PM EDT

The Russian parliament gave preliminary approval Tuesday to a bill that would allow the government to appoint new management of foreign companies that pulled out of Russia after its invasion of Ukraine. According to the state news agency Tass, the new law would transfer control over...

US safety, savings rules set stage for baby formula shortage

May. 24, 2022 20:49 PM EDT

WASHINGTON (AP) — A massive recall is getting most of the blame for the U.S. baby formula shortage, but experts say the products have long been vulnerable to this type of crisis due to decades-old policies that have allowed a handful of companies to corner the market. Those...

Davos updates | Soros: New tech, AI help repressive regimes

May. 24, 2022 15:02 PM EDT

DAVOS, Switzerland (AP) — Billionaire investor turned philanthropist George Soros has blamed new technology for helping repressive regimes like Russia and China exert greater control. Speaking Tuesday at a dinner for journalists on the sidelines of the World Economic Forum’s...

In Asia, Biden pushes values he struggles to sell at home

May. 24, 2022 14:54 PM EDT

TOKYO (AP) — Joe Biden spent his first trip to Asia as president strengthening economic and military commitments. He pushed new rules for the global economy and promoted democracy in launching a new trade pact. And he summoned fellow Indo-Pacific leaders to do more in defense of Ukraine even if...