The new name for the now defunct Nafta deal is the US-Mexico-Canada Agreement (USMCA) which now could smooth the trade between the three North American companies, encourage businesses in these countries and send out positive signals to investors, according to experts.   The bill is now set...

Several reports quoting source information claimed Chinese officials are expecting that the tariffs on Chinese products as threatened by US President Donald Trump that is scheduled to be imposed from Sunday is likely to be postponed by Washington to give some additional time for the two countries...

The Canadian government has accused German carmaker Volkswagen of violating Canadian environmental law on 60 points. “On December 9, 2019, the Volkswagen Aktiengesellschaft was indicted on 60 counts for violating the Canadian Environmental Protection Act of 1999,” the statement on the Canadian...

OPEC + countries agreed to reduce oil production by another 500 thousand barrels per day (bpd) from 2020. At the same time, OPEC leader Saudi Arabia announced its readiness to further reduce production by 400 thousand bpd in the first quarter of 2020, as a result of which the reduction will reach...

According to reports quoting trade officials and documents, people could be forced to pay duties on software and movie downloads if, next week, India or South Africa makes good on threats which would end a 20-year global moratorium on imposing tariffs on digital trade.   Any tariffs on...

One of the biggest oil production cuts this decade is set to be implemented by the oil cartel Organization of the Petroleum Exporting Countries (Opec) and its allies including Russia on Thursday with the aim of further supporting the global crude prices and avoid oversupply in the global market,...

Prices for coffee in November jumped to a maximum in the last 12 months, according to a report by the International Coffee Organization (ICO). The organization forecasts that the coffee shortage in the 2019/2020 agricultural year, which began in October, will be 502 thousand bags (bag weight is 60...

Australia's economic growth slowed in the third quarter, despite the central bank’s rate cut. GDP in July-September grew by 0.4% compared with the II quarter, when, according to revised data, the growth was 0.6%, says the Bureau of Statistics of the country. Economists surveyed by Bloomberg...

Tesla to build its first European factory in Germany. Earlier, Tesla made an announcement to reveal that according to its plans its first factory in Europe will be located near Berlin which is expected to lure other companies from the “electric mobility and energy storage sectors” into Germany,...