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Trade News

Pacific Rim nations sign giant trade deal amid protests

Auckland - The US-led Trans-Pacific Partnership, one of the biggest trade deals in history, was signed in New Zealand on Thursday as protestors demonstrated over fears for jobs and sovereignty.

France calls for end to US sanctions on Cuba during Castro visit

Paris - French President Francois Hollande called Monday for an end to US sanctions on Cuba during a historic visit to Paris by President Raul Castro, seen as a key step in rebuilding ties with the West."President Obama...

Cuba's Raul Castro in France for historic visit

Paris - Cuba's President Raul Castro began an official state visit to France on Monday, his first ever to Europe, which is being seen as a key step in rebuilding his island nation's ties with the West.

Cuba's Raul Castro on grand bridge-building France trip

Paris - Cuba's Communist President Raul Castro will be welcomed under the Arc de Triomphe in Paris during a rare state visit Monday to showcase his island's warming ties with big world powers.

U.S., Canada to seek new ways to fight IS after jets withdrawn

Quebec City - The United States and Canada vowed Friday to work together in the fight against the Islamic State, even if Ottawa plans to withdraw its jets from the campaign.

Rouhani pitches Iran as safest country in Middle East

Rome - President Hassan Rouhani on Tuesday described Iran as the safest and most stable country in the Middle East as he urged international investors to help modernise the country's sanctions-hit economy.

Ukraine expands bitter trade war with Russia

Kiev - Ukraine on Wednesday ratcheted up its trade war with Russia in reprisal for Moscow's seeming efforts to slash its westward-leaning neighbour's economic ties with other former Soviet states.

Germany leaves Cold War behind in Cuba business visit

Havana - Germany reached out to bury old Cold War tensions with Cuba on Thursday by launching a trade visit with major companies such as Volkswagen, Siemens and Bosch.

No holiday cheer as Turks in Russia dread 2016

Moscow - Mehmet Ali Duzcu usually holds a holiday party for his small team of colleagues in Moscow, but this year he is in no mood to celebrate.

Russia confirms food embargo on Ukraine: PM

Moscow - Russia will introduce a food embargo against Ukraine next month over Kiev's trade deal with the EU, Prime Minister Dmitry Medvedev said Monday, extending punitive measures already in place against Western countries.

A year after US-Cuba thaw, change too slow for some

Havana - Cuba's tourism and foreign trade are booming a year after the decision to restore diplomatic ties with Washington, but ordinary Cubans and some in the United States complain change is slow.

Ukraine says Russia won't derail EU trade pact

Brussels - Ukrainian President Petro Poroshenko vowed on Wednesday to push through a trade deal with the European Union that is due to begin in 2016, despite Russia's suspension of its own such pact with Kiev.

Russia suspends free-trade deal with Ukraine from 2016

Moscow - Russian President Vladimir Putin on Wednesday signed a decree to suspend its free-trade agreement with Ukraine as of January 1, according to the official document posted online.

Chinese wineries seek inspiration in foreign cups

Yinchuanzhan - In a country renowned for forgery, winemaker Jose Hernandez worries China's burgeoning viniculture industry will suffer from blatant copying of Bordeaux's output.

Change takes root in India's remote northeast

Guwahati - The ancient root bridges spanning the rivers of the remote northeast are some of India's most iconic images, symbolising a slower pace of life unimaginable in its bustling megacities.

Xi to address Africa summit as Chinese investment slows

Johanesburg - Chinese President Xi Jinping will Friday address a summit of 40 African leaders in Johannesburg, with a host of major deals set to underline China's commitment to the continent despite a sharp fall in investment.

Power outages plague Crimea as Russia threatens to cut Ukraine gas

Simferopol - Power cuts in Crimea affected nearly 940,000 people on Tuesday as tensions raged between Kiev and Moscow over the annexed peninsula and Russia threatened to cut off gas supplies to Ukraine.

Ukraine halts goods deliveries to Crimea amid new tensions with Russia

Kiev - Ukraine on Monday halted the delivery of goods to Crimea in a move set to ratchet up tensions with Russia, with the annexed peninsula already reeling after explosions on power lines left some 1.6 million people without electricity.

Russian food ban would cost Ukraine $600 mln next year: PM

Kiev - Ukraine said Wednesday it expects to lose some $600 million next year as a result of a food trade ban which Russia has threatened to introduce from January 1st.

Britain-India trade deals announced as Modi speaks out on EU

London - Trade deals worth £9 billion (12.7 billion euros, $13.7 billion) will be announced during Indian Prime Minister Narendra Modi's visit to Britain, David Cameron said Thursday, as Modi indicated he wanted the UK to stay in the EU.

Israel condemns EU settlement labelling, summons envoy

Jerusalem - Israel firmly condemned the European Union's backing on Wednesday of the labelling of products from its settlements and summoned the bloc's envoy over the move, which it called "discriminatory".

Shanghai free trade zone director under investigation

Shanghai - Chinese authorities said Tuesday that a director of the Shanghai free trade zone (FTZ) had been put under investigation for "severe disciplinary violations", a phrase which typically refers to corruption.

Don't call it the Great Game: U.S. renews Central Asia ties

Ashgabat - The great cities of the Silk Road were once thriving, cosmopolitan centers for the trade in goods, ideas and culture between the civilizations of Europe and Asia.

Nepal police gunfire kills Indian national at border protest

Kathmandu - An Indian national was killed Monday when Nepal police fired into a crowd of protesters who were trying to block a border checkpoint, a spokesman said.

Nepal police firing kills Indian national

Birgunj - An Indian national was killed Monday when Nepal police fired into a crowd of protesters who were trying to block a border checkpoint, a spokesman said.

Iraq slaps arrest warrant on trade minister over graft

Baghdad - The Iraqi judiciary said Sunday it had issued an arrest warrant against Trade Minister Malas Abdulkarim al-Kasnazani on corruption charges.

Thousands demonstrate in Berlin against EU-US free trade deal

Berlin - Hundreds of thousands of people rallied Saturday in the German capital against the massive free-trade accord being negotiated by the European Union and the United States.

Asian states hail deal on world's largest free trade area

Toukyo - Asian members of the newly-minted Trans-Pacific Partnership Tuesday hailed the deal to create the world's largest free trade area, with Japan calling it the start of a "new century" for the region.

12 Pacific countries seal huge free trade deal

Atlanta - Twelve Pacific rim countries sealed the deal early Monday on creating the world's largest free trade area, delivering President Barack Obama a major policy triumph.

Japan's Abe says TPP negotiations reached 'broad agreement': NHK

Toukyo - Japan's prime minister said Monday a dozen nations have reached "broad agreement" on the Trans-Pacific Partnership, which aims to become the world's largest free-trade zone, after days of talks.
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Sino Persian trade relations
Sino Persian trade relations
Some of the hundreds of Malagasy tortises sezied in Malaysia in July 2010.
Some of the hundreds of Malagasy tortises sezied in Malaysia in July 2010.
TRAFFIC
Trade routes between Asia and Alaska
Trade routes between Asia and Alaska
Mail Online
The new free trade area in Africa will create a market with a population of 625 mn and gross domesti...
The new free trade area in Africa will create a market with a population of 625 mn and gross domestic product of more than $1 tn
Roberto Schmidt, AFP
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Cape Espenberg
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President Barack Obama talks with Chinese President Hu Jintao following their bilateral meeting at t...
President Barack Obama talks with Chinese President Hu Jintao following their bilateral meeting at the G20 Summit in Toronto, Canada
White House Photo by Pete Souza
Demetrios Marantis  US Deputy Trade Representative  speaks at the US-Africa Trade Press Conference h...
Demetrios Marantis, US Deputy Trade Representative, speaks at the US-Africa Trade Press Conference held at the World Economic Forum on Africa 2009 in Cape Town, South Africa
World Economic Forum
Detroit Pistons power forward Greg Monroe (10) drives to the basket during the third quarter against...
Detroit Pistons power forward Greg Monroe (10) drives to the basket during the third quarter against the New Orleans Pelicans at The Palace of Auburn Hills. New Orleans won 103-101. Jan. 24, 2014
With permission by Reuters / Tim Fuller-USA Today
A man hawks coffee beans on a wooden bike in a stadium in Kampala  Uganda on September 20  2010.
A man hawks coffee beans on a wooden bike in a stadium in Kampala, Uganda on September 20, 2010.
The Silk Road extending from southern Europe through Egypt  Somalia  the Arabian Peninsula  Iran  Ce...
The Silk Road extending from southern Europe through Egypt, Somalia, the Arabian Peninsula, Iran, Central Asia, Pakistan, India, Java-Indonesia, and Vietnam til it reaches China. Land routes are red, water routes are blue. The Black Death originated in China and spread by way of the Silk Road. It reduced the world's population from an estimated 450 million to between 350 and 375 million in 1400.
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