Showing posts with label global trade. Show all posts
Showing posts with label global trade. Show all posts

Tuesday, July 17, 2018

US trade war could cost global economy $430 billion, IMF warns

US trade war could cost global economy $430 billion
The risk of current trade tensions escalating further is the greatest near-term threat to global growth, said the International Monetary Fund (IMF) in its latest World Economic Outlook report.

Friday, July 06, 2018

China Imposes Retaliatory Duties on 800 Goods from US

China Imposes Retaliatory Duties
The Chinese authorities have imposed 25% duties on imports from the United States worth about $34 bln a year, according to a statement by the Main Customs Administration of the People's Republic of China.

Sunday, June 26, 2016

Panama canal expansion officially opens Sunday

The Panama Canal looks to shore up its "relevancy" on June 26, with the official opening of a new set of locks that will allow super-sized cargo ships to use the passageway between the Atlantic and Pacific oceans.

The Panama Canal Authority welcomes the first super-sized ship through the $5.4 billion deeper, wider set of locks on Sunday, which are expected to double the cargo capacity of the canal of the 100-year-old manmade shipping route.

The nine-year project to expand the canal is expected to shift and improve trade both to the United States and around the world, because larger ships will now be able to more easily travel between the Atlantic and Pacific, and was considered essential to keeping the canal relevant, representatives of the authority said...
  [upi.com]
25/6/16
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Tuesday, September 08, 2015

German exports, imports top monthly record in July

Germany’s exports and imports rose to new monthly records in July, official data showed on Sept. 8, underlining the robustness of Europe’s top economy in the current stormy global economic seas.       

Friday, August 07, 2015

Maersk Line expects gains from new Suez Canal expansion

Maersk Line, one of the world's biggest container shipping companies, sees possible efficiency gains from the new Suez Canal expansion project.

Wednesday, July 29, 2015

Egypt Says ’New Suez Canal’ Ready for Business

Egypt said on Wednesday that the "new Suez Canal" was ready for navigation for all kinds of ships, as authorities geared up to launch the shipping route officially next month.

Saturday, July 25, 2015

New Suez Canal to bring fresh development projects to Egypt (El-Sisi)

Egypt will witness the establishment of several development projects following the inauguration of the new Suez Canal 6 August, according to a presidency statement quoting President Abdel-Fattah El-Sisi Saturday, following his meeting with French Defence Minister Jean-Yves Le Drian in Cairo earlier in the day.

Tuesday, July 21, 2015

New Suez Canal test operation to start Saturday

The new Suez Canal project will start its trial operation process on Saturday, 11 days before the official inauguration on 6 August, Al-Ahram newspaper reported on Tuesday.

Monday, June 15, 2015

Malaysian oil tanker goes missing with 22 crew members

KUALA LUMPUR: A Malaysian tanker carrying nearly 7.5 million litres of petrol has gone missing with 22 crew members on board in the waters off southern Johor state's east coast.

Wednesday, May 13, 2015

Saturday, April 18, 2015

Ship collision delays Suez Canal traffic

Cairo: Two container ships collided in Egypt's Suez Canal early on Saturday, delaying traffic through a vital global trade route for several hours, sources in the canal authority said.

EL News