Tag Archives: trade

InMay, officials in the European Union finalized a sweeping new law that will radically change business activities around the world and, by extension, the societies they operate in. The law, formally titled the Corporate Sustainability Due Diligence Directive (CSDDD), will not only apply to companies that are based in the European Union, but also to businesses headquartered in other countries …

Cut off from the West, Russia is pitching its $2 trillion economy to giants like China and Saudi Arabia and longer-term prospects like Zimbabwe and Afghanistan at its premier investment forum in St. Petersburg, which was founded by the tsars as a window to Europe. The war in Ukraine has led to the biggest upheaval in Russia’s relations with the …

Billons of dollars in gold is smuggled out of Africa each year and most of it ends up in the United Arab Emirates, where it is refined and sold to customers around the world, according to a report published Thursday. Over $30 billion worth of gold, or more than 435 metric tons, was smuggled out of the continent in 2022, …

The visit between Chinese President Xi Jinping and Hungarian President Viktor Orban ended with glowing praise from both parties as Xi labeled his counterpart a “model” for diplomatic relations with Europe, while Orban endorsed Beijing’s Ukraine peace plan. “Today, Europe is on the side of war,” Orbán said Thursday during a joint press conference. “The only exception is Hungary, which …

China’s President Xi Jinping arrived at the French presidential palace on Monday for a two-day state visit that is expected to focus both on trade disputes and diplomatic efforts to convince Beijing to use its influence to move Russia toward ending the war in Ukraine. In Paris, Xi first joined a meeting with French President Emmanuel Macron and European Commission …

The Federal Trade Commission (FTC), under Chairwoman Lina Khan, shows no signs of relenting in its global campaign to suppress American tech companies in favor of their international competitors. The FTC’s radical policies, which include colluding with foreign governments to impose harsh regulations and penalties on American businesses, have considerable detrimental impacts on U.S. economic and national security. Recently, Khandefendedthe …

Colombia has become the latest Latin American country to announce that it will break diplomatic relations with Israel over its military campaign in Gaza, but the repercussions for the South American nation could be broader than for other countries because of longstanding bilateral agreements over security matters. Colombian President Gustavo Petro on Wednesday described Israel’s actions in Gaza as “genocide,” …

ANKARA, Turkey (AP) — Turkey and Israel announced trade barriers on each other Tuesday as relations deteriorated further amid the war in Gaza. Turkey, a staunch critic of Israel’s military actions in the territory, announced that it was restricting exports of 54 types of products to Israel with immediate effect. They include aluminum, steel, construction products, jet fuel and chemical …

China’s burgeoning production of electric cars and other green technologies has become a flashpoint in a new U.S.-China trade fight, highlighted by Treasury Secretary Janet Yellen during her five-day visit to China and seized on by former President Donald Trump in incendiary remarks on the campaign trail. China has sharply ramped up its production of cheap electric vehicles, solar panels, …

We are over 1,000 days into President Joe Biden’s term, and it has been an all-out assault against American energy. The latest and most-alarming offensive against Southeast Texas is the liquefied natural gas (LNG) export ban put in place by a president who is hyper-focused on killing the very industry that keeps my district’s lights on. Southeast Texas has emerged …