Economy



China is negotiating with EU over its steel trade measures

China has confirmed that it is currently engaged in negotiations with the European Union regarding new restrictions imposed on duty-free steel imports. According to a spokesperson from China’s Ministry of Commerce, the discussions are taking place under the framework of the World Trade Organization......

Chinese medical firm breaks ground on first African factory in Morocco

Chinese medical technology company Jiangsu Aishelun Medical Technology Group has begun construction of its first manufacturing facility on the African continent, located at Mohammed VI Tanger Tech City in northern Morocco. The project is being developed through the company's Moroccan subsidiary,......

Oil and gas shipping resumes in Strait of Hormuz

Commercial maritime traffic carrying crude oil and liquefied natural gas has begun to move again through the Strait of Hormuz after months of severe disruption. The passage of several tankers marks the clearest sign yet of a partial recovery in one of the world’s most sensitive energy corridors......

EU coalition urges tougher trade measures against China

France, Italy, Spain, the Netherlands and Lithuania have jointly called for stronger European Union action against China’s trade practices, intensifying pressure on Brussels to adopt tougher tools to protect European industry. The coordinated stance adds momentum to a broader policy shift under......

Western automakers turn China into EV export hub

Western carmakers are increasingly using factories in China as global export platforms, shipping electric and hybrid vehicles back to Europe and other international markets. The shift reflects a deeper integration between global automotive giants and China’s industrial base, even as European policymakers......

Morocco and Indonesia expand halal trade recognition framework

Morocco and Indonesia have formalized a bilateral agreement to mutually recognize halal certification systems, a move designed to ease trade flows and expand access for Moroccan exporters to one of the world’s largest halal consumer markets. The agreement focuses on aligning certification standards......

China confirms Boeing aircraft purchase and urges United States to honor tariff truce commitments

China officially confirmed Wednesday that it will purchase 200 Boeing aircraft and reopen its market to American beef, following last week's summit in Beijing between President Donald Trump and Chinese President Xi Jinping. The announcements represent a series of trade agreements emerging from the......

Three supertankers move six million barrels through Hormuz

Three supertankers have carried around six million barrels of crude oil through the Strait of Hormuz in a single day, marking the largest recorded movement of oil cargo since the outbreak of the conflict involving the United States, Israel, and Iran in February 2026. The shipment was bound for Asian......

Qatar says Strait of Hormuz remains closed to normal shipping traffic

Qatar’s foreign ministry has stated that maritime traffic through the Strait of Hormuz has not returned to normal levels, rejecting suggestions that the strategic waterway is reopening. The announcement highlights continued disruption in one of the world’s most critical energy corridors,......

Oil market faces panic risk if Hormuz closure extends into June

HFI Research warned that global oil markets could enter a period of “real panic” if the Strait of Hormuz remains closed into the first week of June, as crude inventories continue falling toward critical operational levels and countries accelerate emergency stockpiling efforts. The firm said......

China defends rare earth export controls and signals cooperation with the United States

The government of China has reaffirmed that its export controls on rare earth minerals are legal and in line with national regulations, while also expressing willingness to cooperate with the United States on what it described as “reasonable concerns.” The statement was issued by China’s......

China’s top flash-memory chipmaker YMTC begins pre-IPO coaching talks with investment bank

China’s leading flash-memory manufacturer, Yangtze Memory Technologies Co. (YMTC), has reportedly started preliminary advisory discussions as part of preparations for a potential initial public offering (IPO). According to information submitted to China’s financial regulators, the company......

Asia climate resilience funding lags 200 billion annual gap

Environ 100 billion dollars have been deployed across Asia for climate resilience efforts over the past five years, yet the region continues to face a large annual financing gap of around 200 billion dollars. A new assessment released Monday shows that current investment levels fall far short of what......

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