Trade

Three dead in first fatal Houthi attack in the Red Sea

Three people were killed in a Houthi attack against a civilian merchant ship, U.S. authorities said, marking the first lives…

India and South Africa block major investment deal at WTO talks

India and South Africa have filed a formal objection against an investment agreement at a World Trade Organization meeting in Abu Dhabi, blocking its adoption in a…

‘China has a lot more to lose’: U.S. considering sanctioning Chinese firms aiding Russia’s war

Munich, GERMANY — The U.S. is considering slapping sanctions on Chinese companies it believes are helping Russia fuel its war…

European Union is considering sanctions on Chinese firms for aiding Russia’s war machine

The European Union is looking to sanction Chinese firms that it believes have helped Russia circumvent Western penalties, looking to…

U.S. lawmakers accuse five VC firms of investing $3 billion in Chinese companies linked to military activities

Sequoia Capital China, Qualcomm Ventures and three other venture capital firms plowed at least $3 billion into Chinese tech companies…

U.S. Treasury team heads to China to talk subsidies, economic policies

The Biden administration has sent five senior U.S. Treasury officials to Beijing this week for economic talks that will include China’s “non-market” policies that are adding excess industrial capacity,…

Trafigura assesses Red Sea risks after tanker attacked by Houthis

Commodities trader Trafigura said on Saturday it was assessing the security risks of further Red Sea voyages after firefighters put…

Trump’s proposed 10% tariff plan would ‘shake up every asset class,’ strategist says

Markets need to begin thinking about the structural impact of Donald Trump’s proposed 10% tariff increase, which “shakes up every…

U.S.-owned container vessel struck by an anti-ship ballistic missile off the coast of Yemen

A U.S.-owned and operated container ship on Monday was struck by an anti-ship ballistic missile from Houthi-controlled areas of Yemen,…

Saudi Arabia nearly doubles estimate for the value of its mineral resources

Saudi Arabia nearly doubled the estimate for the value of its mineral resources and is seeing lucrative deals signed during…