#global-trade

#global-trade

It's a significant statement from anyone, let alone Dr. Ngozi Okonjo-Iweala, the director-general of the World Trade Organization. She warned at the Fortune Global Forum in Riyadh that the global economy is in its choppiest waters since the 1930s, no small feat considering that decade saw the Great Depression and the outbreak of the Second World War - and the Great Recession of 2008 is still in living memory.

In her curtain-raiser speech for the gathering, Georgieva rightly pointed out the global economy has proved more resilient than some feared at the time of the spring meetings in April, when the world's policymakers were transfixed by the chaos emanating from the White House. Part of the reason for that has been front loading: Trump's intention to jack up tariffs was no secret, and many companies ran up inventories in advance and started to rejig their supply chains.

The tomb effigy of a French crusader from the thirteenth century preserves a surprising secret: a carved copy of a Chinese sword which belonged to the knight. The question of how a Chinese sword ended up on the tomb has fascinated scholars for decades. It is a story that speaks to the influence of global travel, crusading warfare, trade and plunder, inviting us to reconsider the Middle Ages as more globally connected than often imagined.

Foreign investor holdings of US Treasuries reached a record high of $9.13 trillion in June, reflecting strong overseas demand despite a declining dollar.

The recent UK GDP growth of 0.3% in the spring quarter indicates a slowdown compared to the earlier 0.7% expansion, though the results exceed expectations.

Worldwide country support means Quickcode.ai now provides tariff classification and duty rate data for every country, greatly simplifying the complexity of global trade compliance.

Recent dovish remarks from Fed Governor Waller reinforced expectations of future rate cuts, potentially boosting silver prices as market participants anticipate monetary easing.

"There is a very significant difference between baseline 10pc tariffs and an extraordinary level of tariffs of 30pc on the European Union," Mr Harris said.

"What we are witnessing here might highlight US PC demand slowing down in anticipation of the import tariffs looming deadline."

During the lunch, Trump said they hail from very vibrant places with very valuable land, great minerals, great oil deposits and wonderful people.

The adaptable, edible plant elevates the simplest of dishes and imparts health benefits galore. Basil is a hearty plant that grows without intensive labor.

According to the latest PMI survey, production, new orders, and employment all fell at slower rates, while business optimism reached a four-month high.

FedEx Corp. is facing a significant downturn in profits this quarter due to President Trump’s trade war, causing uncertainty for the remainder of the year.

President Donald Trump's unprecedented decision to bomb three Iranian nuclear sites has deepened fears of a widening conflict in the Middle East. Analysts suggest that Iran may retaliate by closing the Strait of Hormuz, a crucial trade route for global oil supply.

"Closure of the Strait is on the agenda and will be done whenever necessary," said Revolutionary Guards Commander and lawmaker Esmail Kosari, confirming Iran's readiness to take immediate action.

Wael Sawan emphasized the careful management of shipping in the Middle East due to rising tensions, highlighting the significant uncertainty in the region caused by recent conflicts.

In the face of potential tariffs impacting global trade, investors are gravitating towards defensive stocks as a safeguard against market instability.

In a volatile global market, African economies have a unique opportunity to diversify trade partnerships and reduce dependence on single markets, fostering economic resilience.

"Analyst Counterpoint Research revised its global smartphone shipment forecast for 2025 on Wednesday, moving the needle down to 1.9 percent year-over-year growth from a previously forecast 4.2 percent."

The uncertainty created by threats is bad enough, suggesting Trump's proposals, while possibly not enacted, can still destabilize the global trade landscape.

The ASEAN-GCC summit marks a significant step in enhancing interregional collaboration, as Southeast Asian leaders aim to insulate their economies from rising protectionism.

"Tariffs of the level suggested would not only push prices up, they would grievously damage one of the world's most dynamic and significant trading relationships, as well as disrupting wider global trade."

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

While China leads in total seafood consumption, Iceland tops the per capita list, showcasing a whopping 87.1 kilograms per person compared to China's 41.5.