The U.S. aims to pare the G20 back to its financial roots next year when it takes over the rotating presidency from South Africa, Reuters reported. [title_words_as_hashtags
A 7-Eleven convenience store, operated by Seven & i Holdings Co., in Kawasaki, Japan, on Monday, Aug. 19, 2024. Bloomberg | Bloomberg | Getty Images Shares of Seven & i plunged Thursday as trading resumed following a brief halt after Canada’s Alimentation Couche-Tard withdrew its $47 billion bid to acquire the Japanese company. Seven &…
The leading arm of the United Nations’ organization focused on trade and development, UNCTAD, said President Trump’s tariff policies are already creating new costs and disruptions in the global supply chain, and for less developed nations that trade with the U.S., the worst economic fallout hasn’t hit yet. “We already see a disruption in the…
Allen J. Schaben | Los Angeles Times | Getty Images The Port of Los Angeles reported its best June ever for shipping container traffic, an increase in ocean freight that port executives described as a tariff whipsaw effect, with shippers racing to beat President Trump’s trade taxes, especially a mid-August deadline for tariffs on Chinese…
President Donald Trump said Saturday the U.S. will impose a 30% tariff on goods from the European Union and Mexico that will take effect on Aug. 1. Trump revealed the new rates in letters to European Commission President Ursula von der Leyen and Mexico’s President Claudia Sheinbaum, which he posted on his social media site…
Workers at a Thai Son S.P. Co. garment factory endeavor to produce products for global clients, in Thu Duc, Ho Chi Minh, Vietnam, on June 21, 2025. Daniel Ceng | Anadolu | Getty Images Global attention turned to Vietnam on Thursday, after U.S. President Donald Trump announced a trade deal with Hanoi just days before…
Employees at a coal mine in China’s Shaanxi province sit in an office to use digital systems for mining work, according to a photo taken on April 26, 2023, during a media tour organized by Chinese telecoms giant Huawei. Wang Zhao | Afp | Getty Images This report is from this week’s CNBC’s The China…
A cargo ship cruises toward the Strait of Hormuz off the shores of Khasab in Oman on Jan. 15, 2011. Marwan Naamani | Afp | Getty Images BEIJING — The recent flare-up in Middle East tensions isn’t denting Chinese business optimism about opportunities in the region. Chinese shipments to Dubai’s logistics hub have risen by…
The flags of Canada, France, Germany, Italy, Japan, the United Kingdom, the United States, and the European Union ahead of the Group of Seven (G-7) Leaders’ Summit in Banff, Alberta, Canada, on Saturday, June 14, 2025. Bloomberg | Bloomberg | Getty Images Leaders of some of the world’s biggest economic powers will arrive in the…
Emergency and rescue soldiers search for trapped people around heavily damaged buildings after an overnight missile strike from Iran on June 15, 2025 in Bat Yam Israel. Iran launched a retaliatory missile strike on Israel starting late on June 13, after a series of Israeli airstrikes earlier in the day targeted Iranian military and nuclear…
