Continuation of the Black Sea Initiative
The Black Sea Initiative, signed in Istanbul on 22 July 2022 to resume vital food and fertilizer exports from designated Ukrainian seaports, will continue for…
Kishida meets chipmakers to bring more production to Japan
Prime Minister Fumio Kishida met with the heads of the world’s largest chipmakers on Thursday in Japan’s latest move to boost its domestic semiconductor sector…
US Treasury hires economists to study consequences of sanctions
The US Treasury Department hired two economists to study the effects and unintended consequences of sanctions, the financial tools that have come to play a…
US makes rare wheat imports from Europe after drought ravages crops
The US is resorting to purchases of European wheat after a drought upended crop markets, pushing local prices higher.
China to immediately allow Australian timber imports in latest sign of thawing ties
In the latest sign of a thaw in economic and diplomatic relations, Australian timber exports to China will be allowed to resume immediately after more…
Japan’s import drop softens blow from global economic slowdown
Japan’s imports fell for the first time in more than two years as commodity prices softened, cushioning the impact from a global economic slowdown that…
Asia has increased its share of global wood pellet imports to a record 32%
Worldwide trade of wood pellets remained practically unchanged y-o-y at about 29 million tons in 2022.
US pursues criminal charges in push to combat Russia, China tech theft
The US announced five criminal cases, including one against a former Apple Inc. software engineer, in a sweep to stop strategic adversaries such as Russia…
Ukraine grain export deal extended for another two months
A deal allowing Ukraine to export crops from key ports via the Black Sea will be extended by two months, a relatively short time frame…
EU customs reform to target online sellers like Amazon, Alibaba
The European Union proposed reforming its customs union with objectives that include making sure that trading platforms such as Amazon.com Inc and Alibaba Group Holding…
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