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Asia factories hit by tariff shock and softer demand — what pushed activity down and what’s next 09/01/2025

India and China edge toward détente as diplomacy, economics and pragmatism drive thaw 09/01/2025

ExxonMobil expects global oil production to decline by 15% per year without new investment 09/01/2025

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Economics

Austria to hold early parliamentary elections

Austrian Chancellor Sebastian Kurz announced termination of the coalition of the Austrian People’s Party with the ultra-right Freedom Party after the party leader Heinz Christian Strache resigned as vice-chancellor and chairman of the political association because of a loud media scandal. “Give it...

The US lifts restrictions on steel and aluminum supply from Canada and Mexico, wants to renew the USMCA

The United States abolished protective duties on imports of steel and aluminum from Canada and Mexico, thus removing the main obstacle to ratifying the renewed USMCA free trade agreement in North America. Also the US Ministry of Trade on Friday reported that the decision on duties on the import of...

Auto Firms Unhappy At Trump’s Suggestions Some Firms A Threat To US National Security

US President Donald Trump on Friday declared that some imported vehicles and parts pose a national security threat but delayed a decision for as long as six months on whether to impose tariffs to allow for more time for trade talks with the European Union and Japan. The...

Reuters Poll Finds US-China Trade War Increased Risk Of US Recession

In a poll of economists posted by Reuters, the majority of the respondents opined that the risk of an recession in the United States has been increased by the U.S.-China trade war over the last month. The economists also said that there is a 40 per cent chance of a US recession happening in the...

China Trade War Force Trump Administration To Reassess Auto Tariffs Imposition

The US government has postponed an impending decision on the whether or not to impose additional tariffs on foreign made cars and car parts by a period of six months. According to reports, the decision was to be taken this Friday. Sources quoted in the media said that the move to postpone the...

Direct foreign investment flow to China increases

Foreign direct investment in mainland China in January-April increased by 6.4% over the same period last year and amounted to 305.24 billion yuan (about $ 45.14 billion), according to the data of the Ministry of Commerce of the PRC. In April, foreign direct investment in China grew by 6.3% in...

The Trade War With China Is A 'Little Squabble', Says Trump

The trade war between the United States and China was described as "a little squabble" by the US president President Donald Trump on Tuesday while also stressing the there was no collapse of the negotiations on trade between the two countries. The global markets however remained concerned...

IEA lowers forecast for oil demand growth for 2019

The International Energy Agency (IEA) lowered its estimate for oil demand growth in 2018 and 2019. This year, the world will need very little additional oil from OPEC, as growth in US production will offset reduced supplies from Iran and Venezuela, the agency said. Estimated growth in oil demand...

International investors are hedging trade risks

In May, the pessimism of international investors regarding the trade confrontation between the United States and China increased again. The mutual accusations of the parties and promises to increase import duties contribute to the growth of negative sentiment. However, investors are not in a hurry...

Trade Talks Between US And China To Continue Despite New Tariffs

Even as the United States and China point tariff guns at each other, the two parties have agreed to continue their talks on trade according to the Chinese government. US president Donald Trump said he thought most recent negotiation round in Beijing would be successful. Earlier...