The Council of the European Union has formally adopted two regulations implementing tariff commitments agreed in the 2025 EU-U.S. Joint Statement, removing the remaining customs duties on American industrial goods and completing the legislative process.
India and the U.S. are close to finalising a long-awaited trade agreement, Indian Trade Minister Piyush Goyal said on Thursday after the latest round of negotiations with U.S. Trade Representative Jamieson Greer.
In the runup to the G7 summit, hosted by France in Évian-les-Bains on Monday, 15 June, China has addressed global economic balances in a videoconference hosted by French President Emmanuel Macron. It is a rarity for Beijing to engage directly with the group.
Chinese Vice Premier Zhang Guoqing will attend a video conference hosted by French President Emmanuel Macron on Thursday (12 June) to discuss global economic imbalances, marking a rare high-level engagement between China and G7 nations ahead of next week's summit in France.
For decades, the European Union positioned itself as one of the world’s most vocal champions of open markets and rules-based trade. Brussels urged governments across the developing world to liberalise, limit industrial subsidies and respect the commitments of the World Trade Organization.
U.S. Secretary of State Marco Rubio will travel to Sweden this week for talks with NATO foreign ministers before heading to India for meetings focused on trade, energy and defence cooperation.
Samsung Electronics and its labour union commenced high-stakes talks on Monday (18 May) in a last-ditch bid to avert what would be the biggest strike in the tech giant's history.
U.S. President Donald Trump and China's Xi Jinping are set to meet on Friday (15 May) to wrap up a two-day state visit that has featured pomp and business deals but also a warning from Xi that mishandling the Taiwan issue could send relations spiraling.
China's Xi Jinping hailed positive trade negotiations with the United States at the start of a two-day summit with President Donald Trump in Beijing on Thursday, with discussions also set to cover the Iran war and U.S. arms sales to Taiwan.
Japan’s first import of crude oil from Azerbaijan has highlighted the country’s energy vulnerability and renewed efforts to diversify supply chains beyond the Middle East, according to Professor Sejiro Takeshita of the University of Shizuoka.
Shipping group Maersk beat first-quarter profit forecasts on Thursday but warned that the Iran war had pushed its fuel costs up by around $500 million a month, adding that the energy crisis would persist even if a peace deal were reached.
From Thursday, 1 May, goods from every African country with diplomatic ties to China will be able to enter the Chinese market without paying import duties.
The International Monetary Fund (IMF) and World Bank held their Spring Meetings in Washington from 13 to 18 April. Finance ministers flew in, communiqués were drafted, and the usual parade of panels and press conferences ran their course.
We are not witnessing another cyclical downturn or a temporary geopolitical disturbance. What we are living through is far more profound: a systemic recalibration of the global order. Three long-standing assumptions have quietly collapsed.
Kazakhstan and Mongolia have agreed to expand trade, energy and transport cooperation following high-level talks between their leaders in Astana.
The escalating conflict involving Iran, the U.S. and Israel is fuelling what could become the most severe energy crisis the world has ever faced, according to the head of the International Energy Agency (IEA).
China is seeking to strengthen and upgrade its cooperation with Turkmenistan, focusing on what officials describe as “high-quality development” across a range of sectors.
Türkiye’s foreign minister has appealed for restraint and diplomacy as tensions around the Strait of Hormuz unsettle global markets, warning that any military attempt to resolve the crisis could deepen instability rather than ease it.
China’s export growth slowed sharply in March, as the fallout from the Middle East conflict pushed up energy and shipping costs, weakening global demand and exposing risks in Beijing’s reliance on manufacturing to drive growth.
The European Union and Washington are nearing an agreement to coordinate the production and security of critical minerals, Bloomberg News reported on Friday (10 April).
The escalation of conflict involving the United States, Israel, and Iran since 28 February 2026 has moved beyond a regional security crisis to become a systemic shock to the global economy and our pockets.
China is raising domestic petrol and diesel prices under temporary measures to manage a sharp surge in global oil costs, aiming to support fuel suppliers while maintaining market stability during a period of heightened volatility.
U.S. President Donald Trump on Tuesday (17 March) announced that he is postponing a highly anticipated trip to Beijing to meet Chinese President Xi Jinping, citing the war with Iran as the main disruption to efforts to ease tensions between the world’s two largest economies.
The economic consequences of war rarely remain confined to the battlefield. They ripple through markets, supply chains and investor confidence. For Türkiye, at the crossroads of Europe, the Middle East and Eurasia, the economic shockwaves from the latest Middle East crisis are already being felt.
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