Summers warns Biden team against pandering on US steel deal
Former Treasury Secretary Lawrence Summers said there’s no national-security justification for questioning the proposed takeover of United States Steel Corp. by Japan’s Nippon Steel Corp.,…
US to ban Pentagon battery purchases from China’s CATL, BYD
US lawmakers have banned the Defense Department from buying batteries produced by China’s biggest manufacturers, furthering efforts in Washington to decouple the Pentagon’s supply chain…
Taiwan export orders plunge as demand from US, Europe plummets
Orders to Taiwan’s exporters from overseas clients nosedived in December as plummeting demand from the US and Europe brought a brief rebound to an abrupt…
Korea’s early trade data indicate patchy exports recovery
Growth in South Korean exports moderated at the start of the year, suggesting any recovery in global trade this year could be bumpy.
Switzerland and India reach deal on free trade agreement
Switzerland and India have reached consensus on a free-trade agreement after 16 years of negotiations, Swiss Economy Minister Guy Parmelin said.
Solar panel maker slumps as loss may force German plant shutdown
Swiss solar panel maker Meyer Burger Technology AG slumped as much as 47%, after saying it may shut one of Europe’s largest production sites and…
China’s deflation is led by goods, adding trade-tension risk
China’s deflation was driven by falling prices in its manufacturing sector last year, fresh data showed on Thursday, adding to the risk of trade tensions…
Philippines halts onion imports amid glut after 2023 dearth
The Philippines has temporarily suspended onion imports to prevent further depressing domestic prices amid a supply glut, in contrast to last year’s shortage that made…
India plans to push WTO to ease subsidy rules on grain purchase
India will continue to push the World trade Organization to ease subsidy rules for its public grain-procurement program at next month’s ministerial meeting, an official…
Biggest cocoa rally in decades is leaving top producers behind
A rally that sent cocoa prices to a 46-year high should normally benefit the world’s largest producers. Instead, smaller growers are the ones reaping the…
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