China Abandons Numerical GDP Target on ‘Great Uncertainty’ From Covid-19

China reiterated a pledge to implement the first phase of its trade deal with the U.S. despite setbacks from the coronavirus outbreak, and as tensions escalate between the world’s two biggest economies. “We will work with the United States to implement the phase one China-U.S. economic and trade agreement,” Premier Li Keqiang told an annual … Read more China Abandons Numerical GDP Target on ‘Great Uncertainty’ From Covid-19

Beijing plans new laws designed to tighten grip on Hong Kong | ABC News

China says it’s built a great wall of solidarity against the pandemic. But it’s sounding a bit less positive about it’s economic recovery. It’s announced a relatively modest stimulus package, designed to keep workers employed over new infrastructure. That’s no encouraging for Australia exporters, who are anxious for certainty after this week’s trade disputes with … Read more Beijing plans new laws designed to tighten grip on Hong Kong | ABC News

Mike Pompeo attacks China and says ‘we stand with Australia’

The US secretary of state criticises China’s handling of the coronavirus outbreak, while backing Australia’s push for an investigation into the origins of Covid-19. In a media address, Mike Pompeo attacks the Chinese Communist party, declaring it ‘ideologically and politically hostile to free nations’. His comments come after China slapped 80% tariffs on Australian barley … Read more Mike Pompeo attacks China and says ‘we stand with Australia’

EU deal: Some checks will be needed between Britain and North Ireland after Brexit

A government paper has confirmed that some checks will be needed for exports from Britain to Northern Ireland. This goes against previous assurances given by the Prime Minister in 2019. SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews For … Read more EU deal: Some checks will be needed between Britain and North Ireland after Brexit

Tensions rise with China as Beijing slaps barley with tariffs amid COVID-19 stoush | ABC News

Tensions are rising between Australia and China, with the Chinese embassy openly mocking the Morrison Government’s push for an inquiry into the COVID-19 outbreak. The diplomatic hostilities came after Beijing effectively ended Australia’s barley exports to China, sparking concern it might herald deeper trouble in trade. Read more here: https://www.abc.net.au/news/2020-05-19/china-barley-tariff-australia-reacts-trade/12261928?section=business For more from ABC News, … Read more Tensions rise with China as Beijing slaps barley with tariffs amid COVID-19 stoush | ABC News

Trade Minister says Beijing won’t return his calls amid beef and barley dispute | Insiders

China drives the engine of Australia’s economy, with the rising superpower taking around a third of our exports. Australian iron ore, gas, and coal power China’s construction and energy boom, and our beef exports help feed the countries’ emergent middle class. However, exports from four beef facilities have been suspended by China, and the threat … Read more Trade Minister says Beijing won’t return his calls amid beef and barley dispute | Insiders

How Are Tensions Between Australia and China Affecting Businesses?

May.14 — Nick Coyle, executive director and chief executive officer of China-Australia Chamber of Commerce in Beijing, discusses the political tension between the two governments, the implications for businesses. After the Australian government last month initiated calls for an independent probe into the origins of the coronavirus pandemic, China’s embassy in Canberra warned that Chinese … Read more How Are Tensions Between Australia and China Affecting Businesses?

COVID-19: Challenges in global demand

The coronavirus pandemic is ravaging demand, and with it, the global economy. Many Chinese factories are grappling with slashed or cancelled overseas orders, even as some countries start to reopen. China’s exports rebounded in April, but many warn the strength is unlikely to last as the pandemic continues to depress global consumer demand. How serious … Read more COVID-19: Challenges in global demand

Australian farmers caught in the middle as China expected to announce trade tariffs | ABC News

China fires its first shot in an increasingly bitter diplomatic row, threatening to slap major tariffs on Australia’s barley exports, that could rip hundreds of millions from the trade. Read more here: https://ab.co/3cnrtFN For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News content on iview: https://ab.co/2OB7Mk1 Subscribe to us on … Read more Australian farmers caught in the middle as China expected to announce trade tariffs | ABC News

Should big money give poor nations debt relief to fight COVID-19? | Counting the Cost

May 1 was an important day for the world’s poorest nations. It was the day the rich club of G20 nations gave debtors a payment holiday until the end of the year, giving developing nations more headroom to pay for healthcare during the pandemic. Despite more than 100 countries applying to the International Monetary Fund … Read more Should big money give poor nations debt relief to fight COVID-19? | Counting the Cost

U.S. corn exports rally with competitive prices

Large crop yields in South America and a strong U.S. dollar had kept corn out of the exports market until recently. Insights via @CME Group : https://openmarkets.cmegroup.com/quicktake?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm QUICKTAKE ON SOCIAL: Follow QuickTake on Twitter: twitter.com/quicktake Like QuickTake on Facebook: facebook.com/quicktake Follow QuickTake on Instagram: instagram.com/quicktake Subscribe to our newsletter: … Read more U.S. corn exports rally with competitive prices

Coronavirus: Is Bangladesh putting economy before people? | The Stream

As cases of coronavirus infection continue to mount across Bangladesh, the government is trying to limit the spread of the virus through a national lockdown while also preventing the country’s export-dependent economy from going into freefall. Confirmed cases of COVID-19 in Bangladesh have passed 10,000, with scores of people dying from the disease, but the … Read more Coronavirus: Is Bangladesh putting economy before people? | The Stream

Beijing responses to America’s new trading restrictions

CGTN the Chinese state-funded broadcaster, published this item in response to the USA’s new trading restrictions with China. The U.S. Department of Commerce released a statement on April 27 that it will tighten restrictions on technology exports to combat Chinese, Russian and Venezuelan military circumvention efforts. The spokesman of Chinese Commerce Ministry, Gao Feng, said … Read more Beijing responses to America’s new trading restrictions

How Mexico Could Make $6 Billion From Negative Oil Prices

Mexico is on track to cash in on a $6 billion windfall once its massive insurance program against low oil prices kicks in following a dramatic plunge in prices, President Andres Manuel Lopez Obrador said on Wednesday. For the past two decades, Mexico has locked in its oil revenue via put options it buys from … Read more How Mexico Could Make $6 Billion From Negative Oil Prices