US backs Angola plan to process critical minerals, export power
The US is backing Angola’s efforts to diversify from being an oil-dependent economy to becoming a critical-minerals processor and exporter of clean power, according to…
China’s copper exports hit a record as deflation bites at home
Chinese copper exports hit a record last month, as poor demand at home forced traders to seek markets overseas for their surplus.
Chinese carmakers call for 25% tax on large European cars, CCTV reports
Chinese carmakers have urged Beijing to adopt the “most severe measures”, including a tax of 25% on European Union-made cars with large engines, in response…
Indonesia’s exports surge by most in a year on metal shipments
Indonesia’s exports rose by the most in a year, beating expectations for a decline, as metal and electrical goods bolstered the nation’s trade.
Philippines agriculture chief wants rice tariff cut shortened
The Philippines, one of the world’s top rice buyers, should cut tariffs on imports of the grain for only a year at most instead of…
Japan’s exports grow most since 2022 on boost from weak yen
Japan’s exports grew at the fastest clip since late 2022 as the weak yen boosted their value, a positive development for the nation’s manufacturing sector.
US lawmakers look to bar Chips Act winners from using Chinese tools
US lawmakers want to prevent companies that win federal chipmaking funds from using Chinese-made equipment at government-backed factories, part of efforts to limit Beijing’s influence…
US seeks allies’ help in curbing China’s AI memory chip progress
A senior American official is set to visit Japan and the Netherlands to ask the two countries to add fresh restrictions on China’s semiconductor sector,…
Canada blocks Chinese rare earths deal in Trudeau-led crackdown
Canada’s government will buy stockpiled rare earth materials from Vital Metals Ltd. in a deal that prevents the company from selling its production to a…
Census retail sales data for May shows a ‘reasonably healthy consumer’
Data released by the U.S. Census Bureau today shows retail sales grew again in May and helped drive a still-expanding economy, National Retail Federation Chief…
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