Representatives from Vanuatu and other low-lying at-risk islands in the Pacific Ocean will open marathon proceedings at the International Court of Justice at 10:00 am (0900 GMT) before a 15-judge panel. Over the course of the next two weeks, more than 100 countries and organizations will make submissions on the topic, the highest number ever […]
Trump has floated blanket tariffs of 10 percent to 20 percent on virtually all imports when he returns to the White House in January and this week pledged big tariffs on Canada, Mexico and China too. For Britain’s trade-sensitive economy, such threats to global commerce could stymie the dash for higher growth that is a […]
“If there are U.S. tariffs, Mexico would also raise tariffs,” Sheinbaum said during a press conference, in her clearest statement yet that the country was preparing possible retaliatory trade measures against its top trade partner. Mexican Economy Minister Marcelo Ebrard, speaking alongside Sheinbaum, called for more regional cooperation and integration instead of a war of […]
The rupee was at 84.4425 against the U.S. dollar, down 0.1% from its close of 84.3275 in the previous session. The weakness in most Asian currencies also weighed on the rupee, with the Indonesian rupiah down 0.4% and leading losses. Public sector banks were spotted bidding for dollars, with the demand most likely related to […]
Last week U.S. authorities accused Adani, his nephew and executive director Sagar Adani, and the managing director of Adani Green, Vneet S. Jaain, of being part of a scheme to pay bribes of $265 million to secure Indian power supply contracts and misleading U.S. investors. The ports-to-power conglomerate denied the charges as “baseless” and vowed […]
The Consumer Prices Index reached 2.3 percent from a three-year low of 1.7 percent in the 12 months to September, the Office for National Statistics said in a statement. CPI was last at 2.3 percent in April, the ONS added in a statement, while analysts’ consensus had been for the rate to climb back to […]
“This step by (US President Joe) Biden will not only escalate the conflict but will lead to a greater reaction from Russia … (and) may bring the region and the world to the brink of a major new war,” he told journalists on the flight back from the G20 summit in Rio. The US embassy […]
“These guys, Biden’s administration, is trying to escalate the situation to the maximum while they still have power and are still in office,” Butina told Reuters. “I have a great hope that (Donald) Trump will overcome this decision if this has been made because they are seriously risking the start of World War Three which […]
China has no plan to surpass or replace the United States, Xie Feng said in a speech in Hong Kong on Friday, addressing Chinese officials and the U.S. ambassador to China. Beijing is seeking to reset relations with Washington ahead of Donald Trump’s return to the presidency in January. Trump has pledged to impose tariffs […]
Brent crude futures were down 6 cents, or 0.08%, at $72.22 a barrel by 0133 GMT. U.S. West Texas Intermediate crude (WTI) futures were down 13 cents, or 0.19%, at $68.30. The U.S. Energy Information Administration has slightly raised its expectation of U.S. oil output to an average of 13.23 million barrels per day this […]
