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Commerce News

Russian e-commerce booms despite economic doldrums

Moscow - Moscow photographer Galina Goryushina says that online shopping has changed her life. "I've got more time for myself," said the 30-year-old freelancer."I don't have to haul heavy shopping bags.

Trump claims a victory in China trade war, but US farmers want details

New York - Saying China has promised to buy up to $50 billion in US agricultural products, President Donald Trump is encouraging American farmers to prepare for a major influx of business.

US sanctions leave bitter taste on French winegrowers' palates

Pommard - For French winegrowers in the Burgundy region, the new 25-percent US tariffs are leaving a bitter taste on the palate.But like it or not, they are caught up in a trade war they feel has nothing to do with them.

Collateral damage from Haiti political crisis: ruined businesses

Port-au-prince - Tens of thousands of dollars of work reduced to ash: a devastating fire at a handicrafts company in Port-au-Prince illustrates the struggles faced by Haiti's private sector as the country's political crisis has spiralled into social unrest.

French customs, Eurotunnel confident of 'smooth' post-Brexit traffic

Coquelles - French customs officials and Eurotunnel said Tuesday that they were confident of maintaining a smooth flow of traffic through the Channel Tunnel at Calais after Britain leaves the EU, as they conducted a joint dress rehearsal for Brexit.

Iran says it could release UK-flagged tanker within days

Tehran - Iran on Sunday hinted that it could release "within days" a UK-flagged oil tanker it had seized in July in sensitive Gulf waters amid rising hostilities with Britain's ally the United States.

Sidney Rittenberg, former American advisor to Mao, dies at age 98

Washington - Sidney Rittenberg, a former American advisor to Mao Tse-tung who spent long spells in prison as he fell in and out of favor with China's communist leaders, has died in the state of Arizona, the New York Times reported. He was 98.

African satirist Mamane plans drama school to promote 'freedom'

Niamey - On a dusty patch of land on the outskirts of the capital Niamey, Niger's most famous comedian Mamane shows off a site he says will host a drama school to promote African artists and freedom on a continent rife with corruption and strife.

Macron seeks lead EU role in Iran crisis

Paris - French President Emmanuel Macron is seeking to lead European diplomatic efforts to find a face-saving solution to the latest crisis between Tehran and Washington, with the EU looking to buy time and soothe tensions, diplomats and experts say.

Nigeria says will sign landmark Africa free trade pact

Lagos - Nigerian President Muhammadu Buhari will sign a landmark deal to scrap trade tariffs among African countries at an upcoming summit of the continent's leaders, his office said.

Trump walks back comments on UK health care and more

London - President Donald Trump rowed back Wednesday on his comments that Britain's much-loved national health service should be opened up to US private companies in a post-Brexit trade deal.

First the emperor, now the queen: Trump revels in royal splendor

Washington - Just a few days after returning from his visit to Japan, where he met new Emperor Naruhito, Donald Trump heads to Britain, where Queen Elizabeth II will receive him during a state visit that could be rocky.

With overseas impasses, Trump hits rough patch

Washington - From the crises with Iran and Venezuela to the drawn-out negotiations with China and North Korea, President Donald Trump's foreign policy is hitting a rough patch.

Fake eyelashes from N.Korea cost US cosmetics firm $1 mln fine

Los Angeles - California firm E.L.F. cosmetics has agreed to pay a nearly $1 million fine for importing fake eyelashes containing materials from UN-sanctioned North Korea, the US Treasury Department announced.

Jack Ma, China's richest man, is a Communist Party member

Bejing - Jack Ma, founder of Chinese tech giant Alibaba, is among the world's richest people but he has now emerged as a member of another club: China's 89-million-strong Communist Party.

Angola still waiting for promised 'economic miracle'

Luanda - "Things are going badly," said Delta, sitting on a stool and glancing at a bag stuffed with Chinese mobile phones.

British PM eyes Brexit endgame, but not at any cost

London - British Prime Minister Theresa May said Monday that negotiators were working through the night to get a Brexit deal with the EU but vowed it would not be "an agreement at any cost".

Alibaba founder Jack Ma to step down in 2019, pledges 'smooth transition'

Shanghai - Alibaba co-founder Jack Ma announced on Monday he would step down as leader of the pioneering Chinese e-commerce giant in one year, but insisted that a planned leadership transition would not break the company's stride.

Libya re-opens main border post with Tunisia

Tripoli - Libya has reopened its main border post with Tunisia after closing it for more than six weeks amid tensions over smuggling, Tripoli's interior ministry said on Saturday. The border at Ras Jedir was re-opened to "facilitate...

Canada rallies to Trudeau after Trump's insult

Ottawa - Canadian politicians of all stripes rallied round their prime minister on Monday after his cautious and polite defense of free trade rules drew an extraordinary personal rebuke from US President Donald Trump.

Macron, Trudeau support 'strong multilateralism' ahead of G7 summit

Ottawa - French President Emmanuel Macron and Canadian Prime Minister Justin Trudeau expressed support for "strong multilateralism" in Ottawa Wednesday before the G7 summit, where US President Donald Trump's aggressive trade policies are sure to raise hackles.

US natural gas poised for global rise

New York - The United States produces natural gas in abundance and is poised to become the world's third-largest exporter by 2020, a production ramp-up supported by President Donald Trump.

The internet: a dangerous place for wild animals

Paris - From ivory baubles and leopard coats to rare turtles and live bears, the online market for protected wildlife is booming, according to an International Fund for Animal Welfare (IFAW) investigation released Wednesday.

China enforces ban on online Bible sales

Bejing - Bibles have been pulled from Chinese online retailers in "recent days", merchants told AFP on Friday, as Communist authorities ramp up control over religious worship.

For Trump's numbers, close enough is frequently good enough

Washington - When it comes to numbers, US President Donald Trump worries little about precision.

100 years after 'Spanish flu', new global pandemics feared

Davos - Ebola, zika, SARS: a century after the "Spanish flu" killed 50 million people, humanity now risks a new wave of deadly diseases, and in today's globalised world another such pandemic may be unavoidable, experts warned at the Davos summit this week.

Chinese consumers spend billions in 'Singles Day' shopping binge

Shanghai - China's smartphone-wielding masses unleashed billions of dollars in e-commerce spending Saturday as they rushed to snap up bargains on "Singles Day", billed as the world's biggest one-day online shopping festival.

In China's e-commerce boom, it takes a village

Xuzhou - Workers wielding screeching hand-held wood sanders toil overtime in Cheng Huaibao's bunk bed factory, rushing to prepare for the wave of orders about to break on manufacturing businesses like his across China.

Offline retailers can use data gleaned from online retail

New York City - New research demonstrates that savvy offline retailers can review and use data gleaned from online retail to boost their own sales.

US Secretary Ross said NAFTA exit still possible

Washington - US Commerce Secretary Wilbur Ross on Friday reiterated the threat of leaving the North American Free Trade Agreement if the outcome of the ongoing negotiations with Mexico and Ottawa does not satisfy Washington.
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