Swiss watch exports surge 25% in February as US drives demand
Swiss watch exports jumped 25% in February as U.S. buyers kept driving a post-pandemic rebound in demand for pricey timepieces.
Ukraine food exporter forced to barter as war cuts off cash
Astarta Holding NV, one of Ukraine’s biggest agriculture exporters, faces a cash crunch so severe it’s now using barter after Russia’s invasion cut off access…
Russia pressures metals producers to keep prices at home low
Russia is in talks with metals companies to set prices for domestic clients below market rates for some period, three people familiar with situation said,…
Ukraine war’s impact on trade and development
UNCTAD’s rapid assessment of the war’s impact beyond the humanitarian crisis in Ukraine shows a rapidly worsening outlook for the world economy, with the situation…
Move by Congress to revoke Russia’s trade status hits snag
Legislation to revoke normal trade relations with Russia hit a stumbling block in the U.S. House over the procedures for potentially reestablishing the relationship in…
Solar trade probe threatens US projects, developers say
A potential Commerce Department probe of solar imports from Southeast Asia has the potential to freeze investment in the U.S., industry leaders warned Tuesday.
February retail sales rose strongly year-over-year while monthly pace slowed amid inflation
Retail sales showed a strong year-over-year gain in February, but the monthly pace slowed compared with January as inflation drove up prices and lingering effects…
Russia’s corporate debt trading soars as sanctions fail to deter
Trading in Russian corporate debt soared to its highest levels in at least two years this month, even as the U.S. and allies tighten sanctions…
WTO touts progress in Covid vaccine waiver talks but no agreement yet
Talks aimed at waiving intellectual-property rules for Covid-19 vaccines reached a potential breakthrough as the U.S., EU, India and South Africa advanced a compromise outcome…
Putin says Russia beat ‘economic blitzkrieg,’ warns of hardship
President Vladimir Putin said Russia survived an “economic blitzkrieg” of international sanctions over its war on Ukraine, as he warned the country faces rising joblessness…
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