Latest International trade News

Japan PM condemns Russian annexation of parts of Ukraine

Sep. 30, 2022 21:15 PM EDT

TOKYO (AP) — Japanese Prime Minister Fumio Kishida, in telephone call Friday with Ukrainian President Volodymyr Zelenskyy, condemned Russia’s new annexation of parts of Ukraine as illegal and a violation of the country's sovereignty. “I told him that the process that Russia...

US outlines plan for long-term baby formula imports

Sep. 30, 2022 11:46 AM EDT

WASHINGTON (AP) — U.S. regulators on Friday unveiled their plan to allow foreign baby formula manufacturers to stay on the market long term, an effort to diversify the nation's tightly concentrated industry and prevent future shortages. The Food and Drug Administration said recent...

Azerbaijan to increase gas deliveries to Bulgaria, Europe

Sep. 30, 2022 10:52 AM EDT

SOFIA, Bulgaria (AP) — Azerbaijan’s president said Friday that his country is a reliable partner and will stick to an agreement to double gas exports to the European Union by 2027. Speaking to reporters in Bulgaria's capital, President Ilhan Aliyev called a new gas...

Sweden moves closer to NATO, lifts arms embargo on Turkey

Sep. 30, 2022 09:05 AM EDT

STOCKHOLM (AP) — Would-be NATO member Sweden on Friday announced it will allow exports of arms to Turkey, which had threatened to block the Scandinavian nation’s application to join the 30-member defense alliance. The decision means that Sweden, which has sought NATO membership...

'Big impact': UK economic chaos, pound plunge hit businesses

Sep. 30, 2022 02:33 AM EDT

LONDON (AP) — Like many small business owners in Britain, Harry Niazi hoped for government help to keep his south London fish and chip shop going in the face of rocketing energy bills and soaring inflation. But an economic stimulus plan announced last week by Prime Minister Liz...

Russia's nuclear trade with Europe flows despite Ukraine war

Sep. 29, 2022 10:54 AM EDT

PARIS (AP) — While the European Union has agreed to curtail its use of Russian oil and gas, its member nations continue to import and export nuclear fuel that is not under EU sanctions — to the chagrin of the Ukrainian government and environmental activists. A cargo ship...

Editorial Roundup: United States

Sep. 28, 2022 15:48 PM EDT

Excerpts from recent editorials in the United States and abroad: Sept. 26 The Washington Post on congressional stock-trading It is a long-running scandal that members of Congress are allowed to trade individual stocks. They have access to privileged...

Holcomb to lead trade mission to Germany, then Switzerland

Sep. 28, 2022 15:05 PM EDT

INDIANAPOLIS (AP) — Indiana Gov. Eric Holcomb announced Wednesday that he will visit Germany and Switzerland next week for a trade mission with the state’s commerce secretary and other state officials. Holcomb will leave Sunday on the European trip with Secretary of Commerce Brad...

EU plans Russia trade sanctions over 'sham' Ukraine votes

Sep. 28, 2022 11:26 AM EDT

BRUSSELS (AP) — European Union countries should impose “biting sanctions” on Russian trade and hit officials responsible for “sham referendums” held in parts of Ukraine as Moscow ramps up the war, senior EU officials said Wednesday. European Commission President Ursula von...

China's yuan slides to 14-year low after US rate hikes

Sep. 28, 2022 06:53 AM EDT

BEIJING (AP) — China’s yuan fell to a 14-year low against the dollar Wednesday despite central bank efforts to stem the slide after U.S. interest rate hikes prompted traders to convert money into dollars in search of higher returns. A weaker yuan helps Chinese exporters by making...