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.
Brexit talks entering decisive days, EU’s Von Der Leyen says
European Commission President Ursula von der Leyen said the coming days will be “decisive” for trade negotiations with the U.K. and crucial differences between the…
China blacklist strands more than 50 Australia coal cargoes
More than $500 million worth of Australian coal is on ships anchored off Chinese ports, as a diplomatic spat between the two countries cuts into…
Japan, China agree to restart two-way travel by end of November
The foreign ministers of China and Japan agreed at a meeting in Tokyo to lift some virus-related travel restrictions by the end of the month,…
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