Trade
These charts show the state of the global supply chain as China eases Covid lockdowns
Zoom In IconArrows pointing outwards The CNBC Supply Chain Heat Map for China, which is gradually easing Covid lockdowns, is showing several hot spots slowing down trade flow in recent days. China’s “zero Covid” measures on trucking and cross-city transport limitations continue to slow down manufacturing and logistics. The decrease in completed manufactured goods is […]
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Left out of the Indo-Pacific deal, China pushes toward the world’s largest trade deal
U.S. President Joe Biden, India’s Prime Minister Narendra Modi and Japan’s Prime Minister Fumio Kishida attend the Indo-Pacific Economic Framework for Prosperity (IPEF) launch event at Izumi Garden Gallery in Tokyo, Japan, May 23, 2022. Jonathan Ernst | Reuters Amid the fanfare of U.S. President Joe Biden’s new Indo-Pacific strategy, China flew under the radar and […]
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Food price inflation rocks the Middle East’s economies, pushing up risk of social unrest
Local government officials and a Ukrainian soldier inspect a grain warehouse earlier shelled by Russian forces on May 06, 2022 near the frontlines of Kherson Oblast in Novovorontsovka, Ukraine. John Moore | Getty Images Rising prices of food and energy are reverberating through Middle Eastern and North African economies, a new S&P Global Ratings report […]
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Russia’s war on Ukraine could shake up global trade blocs. Here are the winners and losers
Aerial view of shipping containers and cranes at Qingdao Port on May 30, 2022 in Qingdao, Shandong Province of China. Han Jiajun | Visual China Group | Getty Images First, it was the pandemic. Then came the Russia-Ukraine war. With two major global crises back-to-back, there could be some lasting changes in supply chains and […]
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Taiwan to hold trade talks with EU as Europe focuses on chips: Reuters, citing source
Images of semiconductor wafers at the TSMC Museum of Innovation in Hsinchu on Jan. 11, 2022. I-Hwa Cheng | Bloomberg | Getty Images Semiconductor-powerhouse Taiwan will on Thursday hold high-level trade talks with the European Union, a source familiar with the matter told Reuters, amid a concerted push by the bloc to boost its chip […]
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Israel signs historic trade deal with UAE, its biggest with any Arab country
Israeli national flags fly alongside United Arab Emirates national flags on the side of a road in Netanya, Israel, on Monday, Aug. 17, 2020. Kobi Wolf | Bloomberg | Getty Images DUBAI, United Arab Emirates — Israel and the United Arab Emirates on Tuesday penned a multi-billion dollar free trade agreement, the latest product of […]
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EU fails to agree on Russia oil embargo, will try again Monday ahead of summit
Ukrainian officials have repeatedly called for the EU to stop funding Russia’s invasion by imposing an immediate import ban on Russian oil and gas. Attila Kisbenedek | Afp | Getty Images The EU failed on Sunday to agree on an embargo of Russian oil, but diplomats but will still try to make progress ahead of a Monday-Tuesday summit on […]
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The Indo-Pacific Economic Framework: What it is — and why it matters
U.S. President Joe Biden formally introduced the Indo-Pacific Economic Framework, or IPEF, this week during his first Asia tour, revealing Washington’s long-awaited Asia-Pacific economic strategy. It comes five years after the U.S. unilaterally withdrew from the Trans-Pacific Partnership, a trade deal signed by 12 countries in Asia-Pacific, North America and South America. With the U.S. […]
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China wants 10 small Pacific nations to sign on to ‘game-changing’ security agreement
The Red Falcon Air Demonstration Team of the People’s Liberation Army Air Force performs over a Chinese national flag on September 30, 2021 in China. China wants 10 small Pacific nations to endorse a sweeping agreement covering everything from security to fisheries in what one leader warns is a “game-changing” bid by Beijing to wrest […]
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‘Economy is security’: Biden’s Quad trip shows that in Asia, trade and security are one thing
Australian Prime Minister Anthony Albanese, U.S. President Joe Biden, Indian Prime Minister Narendra Modi and Japanese Prime Minister Fumio Kishida arrive for the Quad Leaders’ Summit in Tokyo on May 24. Saul Loeb | Afp | Getty Images TOKYO — Security deals are important, but in Asia, money talks. Australia, India, Japan and the United […]
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