China says It wants to avoid US sanctions over Russia’s war
China wants to avoid being impacted by U.S. sanctions over Russia’s war, Foreign Minister Wang Yi said, in one of Beijing’s most explicit statements yet…
UK commits £1.8 million for UNCTAD’s work to ease trade
The funding extends an ongoing partnership that has supported over 25 countries to expedite the movement of goods and strengthen public-private collaboration.
Tire maker Michelin suspends Russian operations
French tire maker Michelin is suspending operations in Russia and exports to the country, becoming the latest in a list of companies to halt activities…
Aluminum leads metals lower as China lockdowns threaten economy
Base metals slid as coronavirus outbreaks in China threatened to curtail the country’s economic output, hitting demand in the world’s top consumer of raw materials.
European nations endorse plan to impose carbon imports levy
European Union governments backed a proposal that would slap an import levy on iron and steel, cement and aluminum produced in countries with lower environmental…
U.K. bans luxury goods exports to Russia over war in Ukraine
The U.K. government announced a ban on exporting luxury goods to Russia and imposed new tariffs on Russian imports, its latest wave of sanctions over…
EU set to add luxury goods, steel, iron to Russia sanctions
The European Union is set to approve banning the sale to Russia of luxury goods worth more than 300 euros ($329.58), as well as the…
Hog herds and poultry are getting even more expensive to feed
Futures for soybean meal -- a key component of animal feed -- climbed to a seven-year high as top shipper Argentina suspended export registrations, another…
Sliding yen appears one-way bet as Japan import costs surge
The yen’s plunge to a five-year low shows no signs of easing as surging commodity prices have worsened the outlook for Japan’s trade balance and…
Europe imported more weapons ahead of Russia war, report says
Europe saw some of the biggest growth in arms imports among world regions before Russia went to war with Ukraine, and the continent is expected…
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