Europe rushes to woo team Biden in hope of major trade rebalance
France and Germany are leading efforts in Europe to make early contact with President-elect Joe Biden’s team, with the aim of accelerating talks to normalize…
How Iran-Turkey trade has been upended by Trump and Covid-19
Donald Trump’s sanctions and the coronavirus have dramatically shifted a commercial relationship between Turkey and Iran that was underpinned by visa-free travel and centuries of…
Australia demands China apology for ‘repugnant’ Afghan tweet
Australian Prime Minister Scott Morrison said he was seeking an apology from China after a diplomat in Beijing tweeted an image purporting to show an…
Australian firms brace for carbon tariffs under net-zero push
Exporters in Australia, a top shipper of coal and natural gas, are positioning for carbon border tariffs to be introduced as soon as 2023 as…
Australia says China trade curbs hurt global confidence
Australia’s trade minister said China’s steps to curb imports of his country’s goods are “aggressive” and undermine confidence in the global economic recovery from the…
BEA news: GDP, third quarter 2020; Corporate profits, third quarter 2020
The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today: Real gross domestic product (GDP) increased at an annual rate of…
US sanctions Chinese and Russian firms for dealings with Iran
The U.S. sanctioned five firms in China and Russia over claims they are promoting Iran’s missile program, and a Trump administration official said more penalties…
ZTE’s designation as security threat affirmed by US FCC
The U.S. Federal Communications Commission affirmed its decision to designate ZTE Corp. as a national security threat over concerns telecommunications gear made by the Chinese…
Xi seeks to ‘manage differences’ in note congratulating Biden
China’s President Xi Jinping broke his silence on Joe Biden’s election victory, sending the U.S. president-elect a message that he hopes to “manage differences” and…
US goods-trade gap widens as imports rise to highest in a year
The U.S. merchandise-trade deficit widened in October as imports reached the highest in more than a year, outpacing a gain in the value of exports.
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