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Trade News

Critics fear Pacific trade deal favours big business over states

Sydney - With the end game in sight to what could be the world's most ambitious trade deal, critics fear a controversial mechanism to protect investors will strengthen the hand of big business while eroding national sovereignty.

British PM heads to Southeast Asia with trade, IS on agenda

Jakarta - British Prime Minister David Cameron begins a visit to Southeast Asia on Monday, looking to seal $1.2 billion in trade deals and push for greater cooperation in the fight against the Islamic State group.

Cuba and United States resume full diplomatic relations

Washington - The United States and Cuba restored diplomatic relations Monday in one of the most-obvious signs of change since Barack Obama was elected president and Fidel Castro left office.

Ban on Dutch flowers 'highly probable': Russian watchdog

Moscow - Dutch flowers represent a sanitary "threat" to Russia and could be banned in the country, its agricultural watchdog said Tuesday, as Moscow's relations with The Hague have reached their nadir.

German economy minister due in Iran with business leaders

Berlin - German Economy Minister Sigmar Gabriel flew to Iran Sunday as the first top Western official to visit the country since world powers and Tehran reached a historic nuclear deal.

How France dominates oak barrel trade for fine wines

Charente Maritime - Crafted by artisans using high quality oak, "Made in France" wine barrels -- in which age some of the world's most expensive wines -- are selling like hot cakes abroad, with exports making up 70 percent of the market.

Obama urges China to take 'concrete steps' to ease tensions

Washington - President Barack Obama urged Beijing to take "concrete steps" to ease tensions over cyber hacking and its wide-ranging maritime claims, as the United States and China ended three days of candid talks.

New China-U.S. bid to protect world's oceans

Washington - China and the United States launched a joint initiative Wednesday to protect the oceans, highlighting such cooperation as proof the two nations can work together despite stubborn disagreements.

US, China expose faultlines but vow cooperation

Washington - The United States and China candidly laid bare their differences Tuesday including on ensuring freedom of the seas and cyber hacking, but insisted they will work together to avoid confrontation.

U.S., China hold 'frank' talks on hacking, maritime row

Washington - Top US and Chinese officials were set to join "candid" talks Tuesday on the "complicated but consequential" ties between the world's two leading economies, with maritime disputes and cyber hacking high on the agenda.

China, U.S. set for 'vigorous' talks on tough issues

Washington - The United States is vowing not to "paper over" differences with China at key talks this week weighed down by thorny issues of trade, cyber spying and tensions in the South China Sea.

US 'phenomenally thirsty' for wine: Experts

Bordeaux - The American wine market, already the world's biggest, still has "phenomenal" potential for growth if handled with care, US wine professionals said this week at the world's leading wine fair, Vinexpo.

Two North Koreans jailed in Panama over Cuba arms cache

Panama - A court in Panama jailed two North Koreans for 12 years for trying to smuggle Cuban weapons through the Panama Canal in an incident which raised international suspicions, their attorney said Sunday.

U.S. Republican lawmakers make Cuba visit

Havana - A visiting delegation of Republican US lawmakers met Saturday with Cuban Vice President Miguel Diaz-Canel to discuss the island's economy and closer ties between Havana and Washington.

Obama trade agenda on the brink in Congress

Washington - President Barack Obama Friday went to Congress Friday for a frantic round of lobbying ahead of a crucial vote on his sweeping trans-Pacific trade agenda.

African leaders sign 'Cape to Cairo' free trade bloc deal

African leaders signed Wednesday a 26-nation free trade pact to create a common market that would span half the continent from Cairo to Cape Town.

Africa officials say trade deal ready for signing

Sharm El-sheikh - Senior African officials negotiating a trade deal in Egypt to create a common market across half the continent said Monday the pact was ready to be signed.

Japan joins U.S. maneuvers in Pacific as tensions with China rise

Sydney - Japan will send dozens of soldiers to join U.S.-Australia military exercises in the South Pacific for the first time ever in an apparent signal to Beijing to scale back expansion in the South China Sea.

US Senate approves fast-track trade authority for Obama

Washington - The US Senate overcame bitter divisions on trade policy and passed legislation that gives President Barack Obama authority to swiftly forge international trade pacts, including a landmark Pacific Rim accord under negotiation.

EU parliament in surprise vote for 'conflict minerals' ban

Strasbourg - European legislators on Wednesday unexpectedly voted in favour of a law requiring firms to ensure they do not use so-called conflict minerals from Africa and other areas that end up funding warlords.

Russia drops opposition to EU-Ukraine trade deal starting 2016: EU

Brussels - Russia has dropped its demands for a further delay in a landmark EU-Ukraine trade deal at the heart of the Ukraine crisis and accepts that it will now begin next year, the EU said Monday.

European battle brewing over 'blood metals'

Brussels - Europe will consider this week whether to follow the United States by bringing in tighter controls on "conflict minerals" from war zones, but critics say the measures risk being watered down.

Senate Democrats block Obama on free-trade initiative

Washington - US Senate Democrats dealt a stinging setback to Barack Obama, blocking a measure that would have given their own president a free hand to swiftly finalize a massive Pacific Rim trade accord.

Fidel Castro meets Japanese foreign minister in Havana

Havana - Cuba's former president Fidel Castro has met with Japan's foreign minister, Fumio Kishida, local media reported.

Corinthian, Heald technical colleges close abruptly

Santa Ana - More than two dozen for-profit technical colleges — most in the San Francisco Bay Area — closed abruptly on Monday, leaving thousands of students without classes or degrees but with thousands of dollars of debt.

EU's Malmstroem pleads for support in US trade deal fight

Brussels - The EU's top trade official urged European governments to "do more" to defend a controversial free trade deal between the US and European Union that has faced fierce hostility in key countries, especially Germany.

East Asia traded with New World 1,000 years before Columbus

Artifacts found in Alaska confirm that East Asians from China, Korea and Yakutia traded with North Americans a thousand years before Columbus arrived.

In Russia-West tug of war, Moldova sees EU as only option

Chisinau - Moldova's decision to sign key trade and political agreements with the European Union has cost it dearly, as its giant trading partner Russia swiftly punished it through an embargo strangling its farm and wine industries.

Greek PM blasts Russia sanctions at Putin meet

Moscow - Greek Prime Minister Alexis Tsipras on Wednesday lashed out at EU sanctions against Russia during talks with Kremlin strongman Vladimir Putin in Moscow that have unnerved Brussels.

Cuba says Obama's steps to ease embargo 'insufficient'

Havana - Cuba's trade minister said Monday that US President Barack Obama's moves to ease the five-decade embargo on the communist island are "incomplete and insufficient.
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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
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
Sino Persian trade relations
Sino Persian trade relations
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
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.
Wikimedia Commons
Cape Espenberg
Cape Espenberg
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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
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
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.
Trade routes between Asia and Alaska
Trade routes between Asia and Alaska
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