Global shipping navigates Trump tariffs uncertainty

Cargo ships put to sea half empty, fluctuating freight rates and possible shipping route changes are some of the recent adjustments industry specialists have noted.
22 April 2025, 08:12 AM

Gold hits record, stocks slip as Trump fuels Fed fears

With the US tariff blitz still causing ructions on global trading floors, investors are now dealing with the added worry that the US president will try to remove the country's top banker that many fear could hammer already fragile market confidence.
22 April 2025, 05:57 AM

US to impose new duties on solar imports from Southeast Asia

The tariffs on companies from Cambodia, Thailand, Malaysia and Vietnam will still need to be ratified
22 April 2025, 04:50 AM

India imposes temporary tariff on some steel to stem cheap imports from China

A flood of Chinese steel in recent years has pushed some Indian mills to scale down operations and mull job cuts
22 April 2025, 03:31 AM

Police, Bida launch special security measures for foreign investors

Held meeting with officials of foreign companies, introduced dedicated emergency contact line
21 April 2025, 12:15 PM

DHL to stop global shipments worth over $800 to US consumers

As part of those changes, the government has also lowered the threshold at which parcels to individuals require formal entry processing by US Customs -- down to $800 from $2,500 as of April 5.
21 April 2025, 06:25 AM

Gold hits record, dollar drops as tariff fears dampen sentiment

The precious metal was also helped by a weaker dollar, which has also been hit by worries about Trump's standoff with Fed boss Jerome Powell.
21 April 2025, 05:34 AM

China warns countries against striking trade deals with US at its expense

Beijing "will take countermeasures in a resolute and reciprocal manner" if any country sought such deals, a ministry spokesperson said
21 April 2025, 02:51 AM

Gas price hike, US tariff double blow to industries: experts

The fresh gas price hike has become a major challenge for local industries at a time when they are at risk of experiencing a fall in exports to the US due to the new Trump tariffs, a trade expert said today.
20 April 2025, 18:41 PM

China's US envoy urges end to trade war, but warns Beijing ready to fight

The trade war has all but frozen the mammoth trade between the world's two largest economies with tariffs over 100% in each direction and a suite of trade, investment and cultural restrictions.
20 April 2025, 06:53 AM

Analysts warn US could be handing chip market to China

Silicon Valley semiconductor star Nvidia and its US rival Advanced Micro Devices (AMD) expect big financial hits from new US licensing requirements for semiconductors exported to China, they notified regulators this week.
20 April 2025, 05:13 AM

Tariffs could lift Boeing and Airbus plane prices even higher

The American and European aerospace giants have grappled with higher expenses for primary materials such as titanium, components and energy, as well as overall labor cost pressures.
20 April 2025, 05:11 AM

China’s manufacturing backbone feels Trump trade war pinch

Sky-high tariffs imposed on China by US President Donald Trump have triggered a slump in factory orders, manufacturers told AFP this week -- with some fearing business may never return.
19 April 2025, 18:00 PM

Garment exports to US grow 17%

Bangladesh shipped apparels worth $5.74 billion in the July-March period to the USA
19 April 2025, 14:49 PM

In US Chinatowns, merchants ‘don’t want the trade war to be a war’

Chinatowns across the US are feeling the effects of the escalating tariff war
19 April 2025, 10:29 AM

US 'strong dollar' policy rings increasingly hollow

The 'strong dollar' policy has always been about more than just the exchange rate, although a more expensive currency can help keep inflation and interest rates low.
19 April 2025, 06:54 AM

Sri Lanka's women-run hotel breaks down barriers

The hotel, on the shores of Lake Kandalama in the green hills of central Sri Lanka, opened in January with a unique selling point -- its staff are exclusively women.
19 April 2025, 05:54 AM

Trump goes to war with the Fed

"If I want him out, he'll be out of there real fast, believe me," Trump said Thursday, referring to Powell
19 April 2025, 05:49 AM

Cancellation of Transhipment due to ‘some developments’

India yesterday said its withdrawal of transshipment facility to Bangladesh for third-country exports should be seen in the backdrop of “some of the developments” that preceded it.
17 April 2025, 18:01 PM

Global uncertainty will ‘certainly’ hit growth

The uncertainty kicked up by Donald Trump’s stop-start tariff rollout will undoubtedly hit growth, the president of the World Bank said Wednesday, ahead of next week’s semi-annual meeting of global financial leaders in Washington.
17 April 2025, 18:00 PM