カテゴリー: Global economy
US president has been unusually reticent about plans to punish Russia if it does not agree to end Ukraine warEurope live – latest updatesAfter taking six months to conclude that Vladimir Putin may not be a kindred transactional authoritarian leader but…
US exports account for third of Vietnam’s GDP and 40% tariff on so-called transshipments – products with Chinese input – means uncertainty for manufacturersAs news spread that Vietnam would become just the second nation to reach an initial tariff agree…
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…
State media editorial says talks mark ‘step toward resolving differences’ but Xi again criticises US ‘bullying’A 90-day pause in the US-China tariff war has been cautiously welcomed in China but tensions remain high, with Xi Jinping again accusing the …
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…
Visit to New Delhi by VP and family has to navigate tensions over visas for Indian tech workers and farmers’ hostility to lowering tariffsIndia’s prime minister, Narendra Modi, and the US vice-president, JD Vance, have hailed “significant progress” in …
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 “…
Xi Jinping expected to present China as reliable partner in contrast to US, which imposed – then suspended – tariffs over 40% on some countriesUS politics live – latest updatesThe Chinese president, Xi Jinping, warned there would be “no winners” in a t…
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…