Survey: US Tariffs Hurting American Businesses in China

Advertisements BEIJING —  Even earlier than U.S.-China commerce tensions started escalating dramatically, international companies who function in China have been warning concerning the influence tariffs may have. And now, in line with a newly launched joint survey from the American Chamber of Commerce in China and AmCham Shanghai, many are already feeling the pinch. More …

S. Korea Jobless Rate Hits Highest Since Global Financial Crisis

Advertisements SEOUL —  South Korea’s unemployment charge hit an eight-year excessive in August as obligatory minimal wages rose, including to financial coverage frustrations and political challenges for President Moon Jae-in whose approval ranking is now at its lowest since inauguration. The unemployment charge rose to 4.2 p.c in August from 3.eight p.c in July in …

In Posh Bangkok Neighborhood, Residents Trade Energy with Blockchain

Advertisements BANGKOK —  Residents in a Bangkok neighborhood try out a renewable vitality buying and selling platform that permits them to purchase and promote electrical energy between themselves, signaling the rising reputation of such techniques as photo voltaic panels get cheaper. The pilot challenge within the middle of Thailand’s capital is among the many world’s …

S. Africa’s Controversial Land Expropriation Stirs Emotions, Uncertainty

Advertisements VEERENIGING, SOUTH AFRICA —  Plans by South Africa’s authorities to alter the regulation to permit land expropriation with out compensation have provoked an emotional response, even reaching the ears of President Donald Trump, who signaled his disapproval final month in a controversial tweet by which he ordered U.S. officers to research the state of …

China Puts Off Licenses for US Companies Amid Tariff Battle

Advertisements BEIJING —  Amid a worsening tariff battle, China is laying aside accepting license functions from American firms in monetary providers and different industries till Washington makes progress towards a settlement, an official of a enterprise group mentioned Tuesday. The disclosure is the primary public affirmation of U.S. firms’ fears that their operations in China …

Indonesia Battles Currency Woes

Advertisements JAKARTA —  Policymakers in Indonesia are grappling to cope with a weakened forex, the rupiah, which was valued at simply 14,930 per U.S. greenback final week — its lowest level for the reason that 1998 Asian monetary disaster. But not like 20 years in the past, when financial turmoil led to main political upheaval …

Japan’s Bid to End Whaling Ban is Top Issue at Conference

Advertisements Japan will as soon as once more attempt to get the worldwide ban on whale looking overturned on the international convention of the International Whaling Commission (IWC), which opened in Brazil on Monday. The proposal introduced by Japan says, “Science is obvious: there are specific species of whales whose inhabitants is wholesome sufficient to …

Zimbabwe Finance Minister: Reviving Economy is ‘Herculean’ Task

Advertisements HARARE —  Zimbabwe’s new finance minister has described his activity of reviving the nation’s moribund financial system as terribly tough, however he’s hopeful of success. “It’s huge, it’s Herculean. I’m very energetic and I’m very as much as the duty. I’m beginning now, however within the course of what I’ll do is hear,” mentioned …

Libya Oil Company Offices Attacked, Causing Fire, Casualties

Advertisements BENGHAZI, LIBYA —  Security forces of Libya’s U.N.-backed authorities on Monday stormed the headquarters of the nation’s nationwide oil firm within the capital Tripoli shortly after gunmen had gone into the constructing, capturing randomly, setting off explosions and taking hostages, officers stated. The Health Ministry stated two folks had been killed and 10 others …

Ford Says It Will Not Move Small Car Production from China to US

Advertisements Ford says it has no plans to maneuver manufacturing of a small automobile from China to the United States regardless of President Donald Trump’s enthusiastic tweet Sunday. “It wouldn’t be worthwhile to the construct the Focus Active within the U.S. given an anticipated annual gross sales quantity of fewer than 500,000 items,” a Ford …

Trump: Apple Can Avoid Tariffs by Shifting Production to US

Advertisements President Donald Trump concedes that some Apple Inc. merchandise might turn into costlier if his administration imposes “large” extra tariffs on Chinese-made items, however he says the tech firm can repair the issue by shifting manufacturing to the U.S. “Start constructing new crops now. Exciting!” Trump mentioned Saturday in a tweet aimed on the …

Trump Says US, Japan Have Begun Talks on Trade

Advertisements ABOARD AIR FORCE ONE —  U.S. President Donald Trump mentioned on Friday the United States and Japan have begun dialogue over commerce, saying that Tokyo “is aware of it is a large downside” if an settlement can’t be reached, and that India has additionally requested to begin talks on a commerce deal. “We’re beginning …

China’s August Trade Surplus With US Hits Record $31 Billion

Advertisements China’s commerce surplus with the United States reached a report $31 billion in August, regardless of hefty tariffs not too long ago imposed on Chinese items. The information of the excess got here simply hours after U.S. President Donald Trump threatened to impose one other $267 billion value of tariffs on Chinese imports, which …

Trump Ready to Tax an Additional $267B in Chinese Imports

Advertisements WASHINGTON —  President Donald Trump stated Friday that he’s ready to impose tariffs on an extra $267 billion in Chinese imports. Such a step would considerably escalate his commerce battle with Beijing and would seemingly improve prices for a broad vary of U.S. companies and shoppers. Those potential tariffs would come on high of …

East Africa Gets Easy Money Transfer System

Advertisements NAIROBI, KENYA —  An worldwide cash switch firm has launched a web based service for East Africans to ship and obtain cash extra simply. Analysts say WorldRemit will decrease the price of transferring cash and enhance African commerce and economies. Africa has turn out to be a thriving marketplace for cash switch corporations as …

Ethiopia Opens Logistics Sector to Foreign Investment

Advertisements ADDIS ABABA —  Ethiopia will open its logistics sector to overseas buyers however cap their participation, the state funding physique stated on Tuesday within the newest reform to loosen the federal government’s management of the economic system. Prime Minister Abiy Ahmed has presided over a shake-up of one of the crucial heavily-regulated economies in …

Tariff Fight Adds to China’s Economic Challenges

Advertisements BEIJING —  China faces larger financial challenges than its commerce battle with the U.S. Even earlier than tit-for-tat tariffs, progress on this planet’s No. 2 economic system was already forecast to chill from 6.eight p.c final 12 months to a still-robust 6.5 p.c this 12 months. Communist leaders who’re attempting to engineer slower, extra …

Analysts: Africa Visits by Merkel and May Present Opportunities

Advertisements KANO, NIGERIA —  British Prime Minister Theresa May acquired loads of consideration for her journey to Africa final week. Videos of her dancing — one with secondary college students who greeted her in South Africa and one other together with her dancing with younger scouts in Kenya — went viral. But May’s dance-floor diplomacy …

Hope, Caution as Kim Jong Un Shifts to North Korea’s Economy

Advertisements MOUNT CHILBO,NORTH KOREA —  Tanned and carrying a swimsuit, So Myong Il walks to the barbecue pit and throws on some clams. He clearly loves the seaside he is on in addition to the rugged, emerald Chilbo mountains that rise abruptly behind it. He loves them sufficient to overlook, for a second not less …