カテゴリー: Economics
Mark Carney warns Asia-Pacific leaders global economy undergoing profound change, as China’s president mounts defence of free tradeThe Canadian prime minister, Mark Carney, has warned that the era of free trade and investment that formed the foundation…
Textiles, footwear, jewellery, gems and seafood are sectors most affected in trade with US, India’s biggest marketIndia has long been one of the world’s great garment houses, turning out everything from cheap T-shirts to intricate embroidery. Last year…
Economist who reassessed Karl Marx’s view of the durability of capitalism and wrote on Indian culture and historyAn economist with a strong grasp of politics, Meghnad Desai, who has died aged 85, put telling the truth ahead of the pursuit of personal a…
Vulnerable countries to pay record $22bn this year, mostly relating to loans issued under Xi Jinping’s belt and road initiativeThe most vulnerable nations on Earth are facing a “tidal wave” of debt repayments as a Chinese lending boom starts to be call…
G7 finance ministers and central bank governors pledge to address ‘economic imbalances’, without naming ChinaTop finance officials from the world’s seven wealthiest democracies have set aside stark differences on US tariffs and agreed to counter global…
President rebukes tech firm after reports it will switch assembly of iPhones for US market from China to IndiaDonald Trump has admonished Apple and its chief executive over the tech firm’s reported plans to source production of US-bound iPhones from In…
World Trade Organization hails ‘constructive step’ as senior figures come together to discuss tariffsSenior US and Chinese officials held talks early on Saturday in Geneva in a tentative first step towards defusing a trade war that is disrupting the gl…
April trade data comes the day before representatives from Washington and Beijing were set to meet to discuss Trump’s tariffsChinese trade with the United States slumped in April even as its total exports beat forecasts, official figures show, as trade…
Row over exemption of national insurance contributions for Indian short-term workers overshadows deal A multibillion-pound free trade agreement with India has long been touted as a big Brexit boon.Cheaper clothes and shoes for British shoppers, a huge …
India has made concessions in trade negotiations, leaving UK heralding deal as ‘most significant’ since BrexitIt is not exactly the deepest and most comprehensive trade deal the UK has ever entered, but the timing of the announcement that Keir Starmer …
Beijing will ‘strengthen bottom-line thinking’ as reports say it could drop tariffs on some US products Business live – latest updatesXi Jinping has announced a plan to counter China’s continuing economic problems and the impact of the US trade war, as…
Chinese customs official says trade has diversified away from US in recent years and plays up its ‘vast domestic market’China has played down the risk of damage to its exports from Donald Trump’s tariffs, with an official saying the “sky won’t fall,” a…
Unctad says many countries targeted with high tariff rates are unlikely to be a threat to USBusiness live – latest updatesThe UN’s trade and development arm, Unctad, is calling on Donald Trump to exempt the world’s poorest and smallest countries from “…
Lasting damage has been done not only to Trump’s political credibility but to globalisation as a systemAt the beginning of this helter-skelter week, Downing Street was declaring globalisation not only dead but a failure. Now, only five trading days lat…
Tech firm has reportedly flown 600 tonnes of handsets from Indian factories as Chinese goods face huge tariffsApple is reportedly chartering cargo flights to ferry iPhones from its Indian manufacturing plants to the US in an attempt to beat Donald Trum…