The Chinese economy slowed noticeably in July, according to official statistics released on Friday, highlighting a complex set of challenges facing China amid growing global tensions over trade. The government attributed the slowdown partly to the trade war with the United States, though China’s economy is still suffering the overhang of a four-year-long crash in […]
The United States Commerce Department has begun issuing licenses to Nvidia to export its H20 chips to China, a US official told Reuters on Friday, marking a major breakthrough for the AI giant’s access to one of its most important markets.The move follows Washington’s decision last month to reverse an April ban on sales of […]
German chancellor Friedrich Merz (AP image) Germany chancellor Friedrich Merz on Friday announced that German will suspend the export of military equipment to Israel that could be used in the Gaza Strip. This announcement came in response to Israel’s plan to take control of Gaza City.Merz said it was becoming “increasingly difficult to understand” how […]
China has suspended almost all exports since April 4 of seven kinds of rare earth metals, as well as very powerful magnets made from three of them. The halt has caused increasingly severe shortages that threaten to close many factories in the United States and Europe. Why are these metals so needed, why has China […]
Tokyo Container Terminal is seen in Tokyo (AP) TOKYO: Japan’s exports to the United States, its largest single trading partner, fell nearly 2% in April as tariff hikes imposed by President Donald Trump hit home. Globally, exports rose just 2% year-on-year, down from 4% in March, leaving a trade deficit for the first time in […]
Representative Image (AI-generated) Sudan’s army-aligned government has told energy firms to prepare to stop handling crude oil from South Sudan, which relies on its neighbour for exports, after attacks on key facilities, according to a letter seen by AFP.In the letter dated Friday, the Sudanese energy and petroleum ministry informed its South Sudanese counterpart that […]
