Turkey is increasing its engagement in several African countries in an effort to boost its influence and trade. But with China and Russia being the dominant players there, Ankara is struggling to find its role....
Beijing’s most senior trade official was touring Europe this week, in a last-minute bid to avert the threat of special EU tariffs on electric vehicles from China. China’s commerce minister, Wang Wentao, wrapped up a...
Western sanctions on Russia have spurred trade in China’s renminbi to new highs. The curbs are helping China to test the dollar’s status as the world’s reserve currency, sparking new tariff threats from Donald Trump....
German luxury carmaker BMW says it is recalling the vehicles over an apparent brake problem. Partly as a result, the Bavarian company is lowering its sales and profit expectations. BMW on Tuesday announced a far-ranging recall...
The Canadian government says it will impose a 100% tariff on imports of Chinese-made electric vehicles — matching levies introduced by the US. Prime Minister Justin Trudeau on Monday announced a 100% tariff on imports...
Brussels has given the nod of approval to German state aid for the building of a new chip factory as Europe seeks better tech supply security. It came as ground was broken on the site...
The EU claims that Chinese electric car makers received government subsidies that unfairly undermined their European rivals. China says it has resorted to the WTO to preserve “the global green transformation.” The Chinese government filed...
China’s ambition to be the world’s largest economy has been dented by COVID-19, the real estate crisis and an aging population. Boosting growth will be top of mind as Communist Party officials prepare to meet...
A new survey shows the EU is losing face with business and government “elites” of Southeast Asia. Respondents showed less confidence in Brussels on issues like upholding free trade and global order. The European Union’s reputation...
Energy-hungry Pakistan wants to proceed with a natural gas pipeline connecting it and neighboring Iran. But the US has warned about the risk of sanctions in doing business with Tehran. Pakistan announced at the end of...
A recent survey has shown more German companies see Japan as a stable choice for production in Asia amid geopolitical tension and uncertainties over trade restrictions involving China. Fully 38% of German companies taking part...
The US dollar is surging today against most of the G10 currencies, and although the intraday momentum is stretched ahead of start of the North American session, there may be little incentive to resist before...
