WASHINGTON, DC — In a landmark decision, the US Supreme Court ruled that President Donald Trump exceeded his authority under the International Emergency Economic Powers Act (IEEPA) by imposing sweeping tariffs without explicit congressional approval. Authored by Chief Justice John Roberts, the ruling invalidates tariffs on key US allies, including Canada and Mexico, as well […]
global trade
US India interim trade agreement reshapes regional economic landscape
ISLAMABAD: Last week’s interim trade agreement between the United States (US) and India marks a significant shift in global trade dynamics, with potential repercussions extending beyond the two countries. Read More: US, India unveil interim trade framework to cut tariffs and deepen ties Under the joint statement issued on February 6, 2026, the United States agreed to reduce […]
Starmer urges UK firms to seize opportunities in China
British Prime Minister Keir Starmer on Wednesday began the first visit to China by a UK prime minister since 2018, encouraging British businesses to capitalise on economic opportunities as London seeks to recalibrate its relationship with Beijing amid growing volatility in ties with the United States. Read More: Starmer seeks China ties amid US tensions Speaking to a […]
India nears historic trade breakthrough with EU
India is close to signing a major trade deal with the European Union this month, trade secretary Rajesh Agrawal said. The agreement would open India’s massive market of over 1.4 billion consumers to European goods. Leaders aim to finalize it ahead of India’s Republic Day celebrations and an EU-India summit. Agrawal said negotiations were “very […]
How the Dutch East India Company shaped the world’s first multinational
AMSTERDAM: On March 20, 1602, the Dutch Republic chartered the Vereenigde Oostindische Compagnie (VOC), creating what historians often call the world’s first multinational corporation. The company was granted a monopoly over Dutch trade east of the Cape of Good Hope, with the authority to defend its interests. Over two centuries, the VOC built a network […]
China criticises US seizure of ships over Venezuela oil
China on Monday strongly criticised the United States (US) for seizing Venezuela oil, calling the move a serious violation of international law. The reaction followed the interception of a China-bound oil tanker off the coast of Venezuela by US authorities. Read More: China defends Venezuela, condemns US economic measures Speaking at a regular press briefing in Beijing, Chinese foreign […]
Xi Jinping positions China as trade alternative at Apec
SEOUL — Chinese President Xi Jinping took centre stage at the Asia-Pacific Economic Cooperation (Apec) summit on Saturday, advocating for a global body to govern artificial intelligence and promoting China as an alternative to the United States in trade cooperation. Xi proposed the creation of a World Artificial Intelligence Cooperation Organisation to establish governance rules […]
Gold demand cools in India after festivals
Gold was sold at a discount in India for the first time in seven weeks, as demand waned following the festive season, while premiums rose across other major Asian hubs amid improved investor activity. Indian dealers offered discounts of up to $12 per ounce over official domestic prices, including taxes, compared to last week’s premium […]
CIFTIS 2025 spotlights practical use of local currency settlements in global trade
At the ongoing 2025 China International Fair for Trade in Services (CIFTIS) in Beijing, local currency settlements were highlighted as an area of growing interest. Amid currency volatility and geopolitical uncertainties, many see multi-currency settlement arrangements not only as ways to cut costs but as tools to better manage risk in cross-border trade. These discussions […]
The euro-dollar parity in Turkey’s global trade
As it is known, movements in the dollar have a great impact on global trade. The dollar, which was enacted with the 1972 Money Act, is the most impressive factor, especially in international trade. Another currency most used in International Trade is the Euro, which came into circulation after 2002. It is the second most […]