Turkey raises inflation estimates, sees record trade deficit
Turkey raised the country’s full-year inflation forecast to 65%, a sign that soaring prices will remain an issue as President Recep Tayyip Erdogan attempts to…
India August trade gap narrows on easing commodity prices
India’s trade deficit narrowed from a record high as easing global commodity prices lowered import costs, aiding the government’s efforts to reduce inflows through curbs…
EU warns next UK leader not to pursue action against Brexit deal
The EU has warned the incoming UK leader not to pursue a bill designed to rip up the Brexit deal governing Northern Ireland, just days…
India Plans to Become Green Hydrogen Giant to Cut Energy Imports
India is planning a massive expansion of green hydrogen production to curb its dependence on energy imports and to wean the economy off fossil fuels…
US Deals Heavy Blow to China Tech Ambitions With Nvidia Chip Ban
The US government’s new restrictions on the ability of Nvidia Corp. to sell artificial intelligence chips to Chinese customers threatens to deal a heavy blow…
Russia Wheat Shipments Falter While Ukraine Ramps Up Exports
Russia is struggling to export its record wheat crop, just as the opening of a safe corridor supports an uptick in shipments from the country…
German Economy Gets Another Growth Warning as Trade Volumes Drop
German exports and imports both fell in July as surging prices and the war in Ukraine threaten to send Europe’s largest economy into a recession.
China’s Economy Faces More Damage as Megacity Chengdu Locks Down
China’s economy is bracing for more pain as the lockdown of megacity Chengdu in the west of the country damages business and consumer activity in…
South Korea Sees ‘Betrayal’ in Biden’s Electric Vehicle Push
South Korea views new US rules that favor American-made electric vehicles and batteries as a “betrayal,” a senior official in Seoul said, an issue that…
Volkswagen Workers in Mexico Reject Union-Backed 9% Wage Hike
Volkswagen AG workers in Mexico narrowly rejected a deal struck with their own union that would have given them a 9% wage increase and 2%…
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