China’s exports surged by 12.7% in October, marking the fastest growth in over two years and outpacing analyst expectations of just 5.5% growth. The spike was fueled by strong demand for Chinese goods across major […]
Starting December, China will cut tariffs for goods from 43 of the world’s least developed nations, primarily across Africa and Asia. This policy means these countries can export products like crops, seafood, and raw materials […]
The UK government is set to introduce a ban on foreign government ownership of British newspapers and news magazines. This decision follows the contentious proposed acquisition of the Daily Telegraph and the Spectator by RedBird […]
China appears to be rerouting its exports to the United States via Mexico, sidestepping the hefty tariffs established by the US. Recent trade data suggests a significant uptick in Chinese goods shipped to Mexico before […]
Major Japanese automotive manufacturers have pledged an investment of 150 billion baht ($4.34 billion) into Thailand over the next five years. This substantial investment is aimed at bolstering Thailand’s transition to electric vehicle (EV) production, […]
Nigeria is making strategic moves in the global lithium market. The country has tightened rules around mining its lithium minerals due to the increasing demand from foreign mining companies. The Nigerian government has mandated that […]
Mexico, known for its rich culture and vibrant history, has recently seen a rise in remittances from abroad, making it the second-largest recipient after India. However, the Mexican currency, the peso, has been soaring, reaching […]
 China has given the green light to Colombia’s beef exports, marking a significant move in the international meat trade. This decision was communicated to Brazilian meatpacker Minerva, which owns two plants in Colombia. The […]
Trade relations between Colombia and Venezuela are on the rise, with projections indicating that trade could reach between $800 million and $1 billion this year. This optimistic forecast was shared by Colombia’s Trade Minister, German […]
China is making significant moves to attract foreign investment by easing its capital controls. In a bold step, China has allowed foreigners in its major cities, Shanghai and Beijing, to move their money freely in […]
Data from Chinese customs shows that in June and July, the country imported nearly $5 billion worth of chip production tools, a 70% increase from the same period last year. Interestingly, most of these imports […]
In an unexpected economic twist, China’s exports fell by 7.5% in May, a far more significant drop than the predicted 0.4%. This is the first decline since February, raising concerns about the health of the […]
Thai exports faced a 4.7% year-on-year (YOY) decline in February 2023, marking the fifth consecutive month of contraction. The drop in exports to the US and Europe was fueled by worsening economic conditions and growing […]
The economy of Pakistan has released figures showing there was a current account deficit of $3.4 billion in Q3. This is up by just under $1 billion from their Q2 figure. Although such a large […]
El Salvador has become the first country in the world to officially adopt a cryptocurrency as a form of legal tender. A law was passed in the Central American nation on the 9th June allowing […]
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Following the introduction in China of temporary tariffs on Australian wine imports last year, the Australian wine industry is now expecting an imminent announcement of both an increase and expansion of the tariffs. Already […]
With over 15 million people having now received their first of two Covid-19 jabs, there appears to be a rising sense of optimism in the UK economy. This has resulted in the pound hitting its […]
As economies around the world continue their lockdowns and domestic battles against Covid-19, world trade has been declining at an unprecedented rate. According to a report by the Netherlands Bureau for Economic Policy Analysis, the […]
The economic impact of Covid-19 has been devastating and wide-reaching. One country which is suffering significantly is South Africa, where going into lockdown has stifled almost all economic activity. As South Africa, the second largest […]
Australia’s barley producers are about to feel the full force of Chinese protectionism after the Ministry of Commerce (MOFCOM) announced on Monday that an 80.5% tariff would be imposed on barley exports from Australia. The […]
According to a report released by the World Trade Organisation (WTO), there is a growing number of countries around the world who are placing restrictions on exports in order to secure domestic supplies of certain […]
The government of Singapore has announced an additional US$3.6 billion to support the economy as the city state sees coronavirus cases increase despite earlier signs that the virus seemed to have been contained. The additional […]
Clothing workers in Bangladesh, the South Asian country which is only second place to China in the global manufacturing of clothing, have been hit hard by the worldwide spread of Covid-19. The plummeting demand for […]
Using a measure called the broad effective exchange rate, a measurement of a currency’s value against a basket of their major trading partners, the pound has crashed to its lowest level on record. The pound […]
Under President Trump, the US stance towards global trade has become increasingly protectionist, with billions of dollars of tariffs placed on goods from countries all over the world, engagement in a devastating trade war with […]
Palm oil, which accounts for over 5% of Malaysian exports, has seen a dramatic decrease in stock levels with the figure for January at its lowest since June 2017. The low stock level has been […]
The value of Korean exports in January has decreased for the 14th straight month, with the Asian nation posting an export figure of US$43.35 billion, a 6.1% fall from the previous year. One reason for the […]
Hungary, a land-locked country of 9.7 million people nestled between Austria and Romania, is not a country which receives a huge amount of global attention. So here is an article for you Hungary, home to […]
With the UK finally leaving the EU this week, talk is beginning to ramp up over what a potential trade deal with the EU is likely to look like. The UK government has expressed their […]
As of writing this article, one dollar is equal to 0.9 euros. 0.9 euros is equal to 0.76 pounds. In China, 0.76 pounds will get you 6.54 Yuan. If you exchanged this 6.54 Yuan for […]
China and the US have finally come to an agreement on steps to bring an end to the devastating trade war which has engulfed the current account of both countries, whilst also significantly rocking the global economy. […]
Trade wars are not fought with guns, missiles, planes, or ships. Instead they are fought with the raw power of economics, and in particular a special type of tax called tariffs. These are taxes which […]
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