Global Business

Global Business

WTO favours EU over Indonesia on palm oil restrictions

Indonesia, the world's leading producer of palm oil, in 2019 requested an expert panel review of the EU restrictions.

13h ago

US consumer inflation expectations soar in January on tariff fears

Long-run inflation expectations soared to 3.3 percent, the highest level since June 2008, from 3.0 percent in December.

13h ago

11 conditions made mandatory for trade through Benapole port

Beanpole customs also listed 12 types of imported goods that should go through physical inspection

1d ago

US Fed's December rate cut should be its last for now: official

The US central bank voted 11-to-1 in favor of cutting rates by a quarter of a percentage point at the meeting on December 17 and 18, reducing the bank's key lending rate to between 4.25 and 4.50 percent despite an uptick in inflation

1d ago

Taiwan chip giant TSMC says 2024 revenue rose 33.9%

Net revenue rose 33.9 percent to NT$2.9 trillion ($87.8 billion), the company said in a statement, ahead of the release of its complete earnings report next week.

1d ago

US hiring beats expectations in December to cap solid year

Hiring in the world's biggest economy stood at 256,000 last month, up from a revised 212,000 in November, the Labor Department said.

1d ago

Feud over container handling rates disrupts Ctg port operations

Disputes between berth operators and shipping agents slow handling at six jetties

3d ago

Humankind’s Comparative Advantage

A seeker at an early age, Yuval Noah Harari has written about human evolution as a philosopher and historian.

3d ago

China home sales rise after stimulus measures, state media says

More than 50 cities introduced policies to boost the real estate market, while nearly 2,000 developments from more than 1,000 property companies participated in promotions

3m ago

Global food prices rise at fastest rate since 2022

The FAO Food Price Index reached 124.4 points in September, a three-percent increase from August.

3m ago

EU states greenlight extra tariffs on EVs from China

Ten member states including France, Italy and Poland supported imposing the tariffs of up to 35.3 percent, coming on top of existing duties of 10 percent

3m ago

US hiring soars past expectations in sign of resilient market

The world's biggest economy added 254,000 jobs last month

3m ago

Oil extends gains, jobs report lifts Wall Street

Crude prices rocketed around five percent Thursday when US President Joe Biden said he was "discussing" possible Israeli strikes on Iranian oil sites in retaliation for Tehran's barrage

3m ago

US trade chief defends tariff hikes when paired with investment

Tai's comments to AFP come a week after sharp tariff increases on Chinese electric vehicles, EV batteries and solar cells took effect

3m ago

Sri Lanka approves controversial foreign debt deal

President Anura Kumara Dissanayake said his government would honour his predecessor's deal

3m ago

Cabinet approves new export policy

The policy targets $110 billion export by FY27

3m ago

How is US dockers' strike affecting international trade?

US dockers launched strike action on Tuesday in 36 ports on the East Coast and Gulf of Mexico. Around half of North America's maritime trade passes through those ports

3m ago

Climate change, economics muddy West's drive to curb Chinese EVs

The European Parliament is expected to vote Friday on whether to impose hefty tariffs on imported EVs from China -- part of a bid to protect its automotive industry from low-cost, subsidised competition

3m ago