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May 03, 2024
 

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TRADE

Local residents look at damage at a site of a Russian missile strike in Kharkiv, Ukraine, on Tuesday.
WORLD / Politics
May 2, 2024
U.S. issues hundreds of sanctions targeting Russia and takes aim at Chinese firms
Of the nearly 300 targets onto which the U.S. imposed sanctions, 20 are companies based in China and Hong Kong.
U.S. Secretary of State Antony Blinken meets with Chinese President Xi Jinping in Beijing on Friday.
COMMENTARY / World
Apr 30, 2024
U.S.-China tensions rise as the tides begin shifting
Irritation colored last week’s visit to China by U.S. Secretary of State Antony Blinken amid amplified Chinese anxiety.
U.S. President Joe Biden, Australian Prime Minister Anthony Albanese and British Prime Minister Rishi Sunak deliver remarks on the AUKUS partnership, after a trilateral meeting, at Naval Base Point Loma in San Diego, California, on March 13, 2023.
WORLD / Politics
May 1, 2024
U.S. reduces arms licensing burden for U.K. and Australia to boost AUKUS
The U.S. State Department unveiled its proposal to reduce licensing requirements for transferring military equipment as part of the AUKUS defense project.
TikTok raised eyebrows last month when it mobilized users to petition against a potential ban, demonstrating its influence on Americans.
BUSINESS / Tech
Apr 30, 2024
TikTok and Tesla just the start of U.S.-China clash over Big Data
Data security is again taking center stage in the intensifying rivalry between the U.S. and China.
At the State Department, an eight-person group informally known as "the firm” is taking steps to help embattled nations when China responds to political disputes with what the U.S. and its allies call "economic coercion."
ASIA PACIFIC / Politics
Apr 29, 2024
U.S. ‘firm’ steps in when China is seen as a bully, not a partner
At the U.S. State Department, an eight-person group is taking steps to help nations when China responds to political disputes with "economic coercion."
A truck rolls off a cargo vessel docked at Esbjerg Port in Ebjerg, Denmark. European Union food imports to the U.K. are about to get more expensive and complicated as the British government implements the Brexit deal.
BUSINESS / Companies
Apr 27, 2024
Britons finally taste full Brexit as costly border checks begin
From April 30, the U.K. will impose checks on European Union food imports — a stark reversal from the pre-Brexit era of frictionless trade.
Russian President Vladimir Putin is welcomed by Chinese leader Xi Jinping during a ceremony at the Belt and Road Forum in Beijing last October.
WORLD / Politics
Apr 27, 2024
Half of Russia's payments to China made through middlemen
The intermediaries are legal entities from jurisdictions considered "friendly" to Russia, sources said.
Exporters will be helped both by the stronger dollar, and also by their exposure to the U.S. economic resilience.
BUSINESS / Markets
Apr 25, 2024
Dollar wrecking ball forces investors to seek cover in exporters
Those with significant dollar earnings are set for a windfall, with major beneficiaries including heavyweight Asian chipmakers.
South Korean President Yoon Suk-yeol
BUSINESS / Economy
Apr 25, 2024
South Korea’s economic growth beats forecast as exports rise
South Korea's gross domestic product advanced 1.3% in the three months through March, easily outpacing economists’ consensus for a 0.6% expansion.
Chinese President Xi Jinping’s government has so far shown restraint in responding to a drumbeat of U.S. trade curbs, but driving TikTok out of the U.S. could challenge that calibration.
WORLD / Politics
Apr 25, 2024
TikTok ultimatum puts U.S. firms in firing line for China response
Legislation approved on Wednesday would give parent company ByteDance nearly a year to divest the video-sharing platform before facing an outright ban.
Buyers inside an exhibition hall at the Canton Fair in Guangzhou on April 17.
BUSINESS / Companies
Apr 24, 2024
China’s prices are just too low for buyers to sweat about tariffs
Many buyers at China’s biggest trade event in the southern city of Guangzhou shrugged off the risk of an escalating trade war with the U.S.
U.S. Secretary of Commerce Gina Raimondo speaks at an event held by the National Committee on U.S.-China Relations and the U.S.-China Business Council on the sidelines of the Asia-Pacific Economic Cooperation summit in San Francisco in November.
BUSINESS / Tech
Apr 22, 2024
Raimondo says Huawei’s chip breakthrough is years behind U.S. tech
Raimondo said the technology gap shows the Biden administration’s success in imposing export controls on China.
Australian Prime Minister Anthony Albanese, U.S. President Joe Biden and British Prime Minister Rishi Sunak deliver remarks on the AUKUS partnership, after a trilateral meeting, at Naval Base Point Loma in San Diego, in March last year.
ASIA PACIFIC / Politics
Apr 20, 2024
U.S. 'fully expects' to finalize new AUKUS trade exemptions in next 120 days
The announcement signals a further delay in the move, but offers the prospect of a positive outcome in the project to counter China.
Resistance to adopting digital technologies, restrictive EU regulations, and energy-price shocks are potential explanations for Europe's lagging productivity.
COMMENTARY / World
Apr 10, 2024
Why is Europe losing the productivity race?
A forthcoming report from Mario Draghi will recommend removing barriers to competition, which would intensify the pressure on firms to innovate.
Russian President Vladimir Putin and Iranian President Ebrahim Raisi during the signing of the Rasht-Astara railway agreement in May 2023.
WORLD / Politics
Apr 18, 2024
New 'sanctions-proof' transport routes put Russia at heart of global trade
Shipping and rail networks via Iran and an Arctic sea passage could strengthen Moscow’s pivot toward China and India and away from Europe.
U.S. President Joe Biden speaks at a campaign event at the Scranton Cultural Center in Scranton, Pennsylvania, on Tuesday.
BUSINESS
Apr 17, 2024
Biden seeks higher tariffs on Chinese steel and aluminum
The president was set to reiterate that United States Steel should remain American-owned.
Japan's exports grew 7.3% year-on-year in March, up for the fourth straight month, showing that the economy continues to benefit from the effects of the sliding yen.
BUSINESS / Economy
Apr 17, 2024
Japan’s exports get boost from China aided by yen tailwind
Exports gained 7.3% in March from a year earlier, with growth slightly decelerating from February’s 7.8% gain.
Workers clean argeli bark in the Ilam district of eastern Nepal. Thousands of miles away, in Japan, the bark will be used to make yen notes.
ASIA PACIFIC / Society
Apr 16, 2024
On Himalayan hillsides grows Japan’s cold, hard cash
One of the poorest pockets of Asia supplies a primary ingredient for the economy in one of the richest.
Max Lange, 19, a plant mechatronics engineering trainee from Oederan, stands next to a solar panel rolling off the assembly line as part of the last production of solar modules at the Meyer Burger Technology AG plant, due to an announced closure of the plant, in Freiberg, Germany, on March 12.
BUSINESS / Economy
Apr 16, 2024
Lacking support in battle with China, European solar firms head to U.S.
This week the European Commission has launched a voluntary charter for governments and companies to sign in support of solar manufacturing plants.
European Commission President Ursula von der Leyen at the European Parliament in Brussels, on April 10. Von der Leyen is unleashing a barrage of trade restrictions against China, aiming to tackle unfair trade practices that are said to be contributing to social and political challenges for the bloc.
WORLD / Politics
Apr 16, 2024
EU pushing back on China's 'assertive' trade practices with probes and policy
Investigations and moves to strengthen regulations aim to tackle trade imbalances that could cause social and political challenges for the bloc.
Weak yen fattens tourist wallets in Japan
People visit the Ameya Yokocho market in Tokyo's Ueno district during the Golden Week holiday on Tuesday.
Number of vacant homes in Japan hits record high of 9 million
A vacant house in Tokyo is seen demolished in January 2020.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Kishida sets sights on energy and climate in South America trip
Prime Minister Fumio Kishida will use a policy speech in Sao Paulo to set out his vision for ties between Japan and South America, almost 10 years after former Prime Minister Shinzo Abe advocated for stronger ties between the two in the same city.
Town to block view of Mount Fuji in response to overtourism
The town government of Fujikawaguchiko, Yamanashi Prefecture, decided to set up a 2.5-meter-high screen to prevent tourists from taking pictures of Mount Fuji looming behind a convenience store.
Kishida sets sights on energy and climate in South America trip
Prime Minister Fumio Kishida will use a policy speech in Sao Paulo to set out his vision for ties between Japan and South America, almost 10 years after former Prime Minister Shinzo Abe advocated for stronger ties between the two in the same city.
Yellow sand allergy: A health issue made worse by climate change
A screenshot of the Meteorological Agency's satellite image of clouds and yellow sand (in pink) on Sunday.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.

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