US, allies cut bulk of Russia high-tech imports, Raimondo says
Actions by the U.S. and its allies to restrict Russia’s access to high-tech imports and parts has seen those shipments fall by more than 50%,…
‘Mayhem’ ensues as top shipper Indonesia bans edible oil exports
Indonesia, the world’s biggest palm oil producer, will ban all exports of cooking oil and its raw materials amid a local shortage.
The diamond world is scrambling to keep buying Russian gems
U.S. sanctions on Russia’s giant diamond miner are causing chaos through the industry, leaving traders and manufacturers hunting for workarounds to keep tapping one of…
Russia faces ‘reverse industrialization’ in sanction squeeze
Russia faces a very deep and prolonged economic contraction along with higher inflation and reduced living standards, as sanctions imposed by the U.S. and its…
Statement by Commerce Secretary Raimondo on establishment of the Global Cross-Border Privacy Rules (CBPR) Forum
Secretary Gina M. Raimondo has issued the following statement regarding the announcement today by Canada, Japan, the Republic of Korea, the Philippines, Singapore, Chinese Taipei,…
India wants U.K. trade pact by October, easier worker visas
India is keen to finalize a trade pact with Britain by October and will seek easier access to visas for skilled workers and students when…
Corn steadies at decade high as war, weather stoke supply fear
Chicago corn steadied at a decade high, and Paris wheat approached a record as the war in Ukraine curtails its grain sales and weather hampers…
BHP sees 8% drop in iron ore exports amid logistical issues
BHP Group, the world’s biggest mining company, reported quarterly iron ore shipments fell 8% from the previous three months as production was affected by coronavirus-related…
China to boost coffee imports as young professionals drink more
Local farmers don't want to grow coffee and switch to more profitable grains
Caviar and diamonds are targeted in new U.K. sanctions on Russia
Russia’s luxury goods industry is the latest to be targeted under new U.K. sanctions announced on Thursday, with the government slapping import bans on caviar…
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