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April 15, 2021

International Trade

March palm oil imports up 57% year on year, says trade body

Reuters
Palm oil fruits are seen placed on a wheelbarrow at a palm oil farm in Klang, outside Kuala Lumpur, February 19, 2014. REUTERS/Samsul Said/File Photo MUMBAI (Reuters) – India’s palm oil imports in March jumped 57% year on year as refiners increased purchases of the tropical oil to reduce expensive......

Taiwan says its chip firms will adhere to new U.S. rules blacklisting China supercomputing entities

Reuters
TAIPEI (Reuters) – Taiwan said on Wednesday its chip companies will adhere to U.S. rules after Washington added seven Chinese supercomputing entities last week to an economic blacklist and after a Taipei-based chipmaker halted orders from one of the entities named. FILE PHOTO: Flags of Taiwan and U.S. are placed......

Australia returns to “war footing” amid COVID-19 vaccine turmoil

Reuters
SYDNEY (Reuters) – Australia’s national cabinet will begin meeting twice a week from Monday, marking a return to a “war footing” in the country’s battle against the coronavirus pandemic amid turmoil in its national vaccination programme. FILE PHOTO: A sign for a COVID-19 vaccination clinic is seen as high-risk workers......

Erdogan says turkey remains committed to full EU membership

Reuters
FILE PHOTO: Turkish President Tayyip Erdogan gives a statement after a meeting in Ankara, Turkey, April 5, 2021. Murat Cetinmuhurdar/PPO/Handout via REUTERS ANKARA (Reuters) – President Tayyip Erdogan said on Tuesday that Turkey remains committed to full membership in the European Union, for which it is a candidate country despite......

World Bank, Gavi urge countries with excess COVID-19 vaccines to release them

Reuters
WASHINGTON (Reuters) – World Bank President David Malpass and José Manuel Barroso, chair of the Gavi vaccine alliance, on Monday discussed the importance of countries with excess COVID-19 vaccine supplies releasing them as soon as possible, the World Bank said. Malpass expressed his desire to work closely with Gavi on......

UK economy to return to pre-COVID-19 level around mid-2022: Reuters poll

Reuters
LONDON (Reuters) – Britain’s economy will be back to its pre-COVID-19 level around the middle of next year, according to economists in a Reuters poll who said unemployment would peak at 6.2% as 2021 draws to a close and the pandemic job support scheme ends. FILE PHOTO: The City of......

Factbox: Biden jobs plan includes $50 billion for chips research, manufacturing

Reuters
WASHINGTON (Reuters) – President Joe Biden’s $2 trillion infrastructure investment package includes $300 billion to boost the struggling U.S. manufacturing sector, including $50 billion for semiconductor production and research, the White House said on Monday. FILE PHOTO: U.S. President Joe Biden speaks during an economic briefing in the Oval Office......

EU proposes six-month tariff freeze with United States – Der Spiegel

Reuters
FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium, in this file picture taken October 28, 2015. REUTERS/Francois Lenoir/File Photo BERLIN (Reuters) – The European Union has suggested that it and the United States suspend tariffs imposed on billions of dollars of imports for six......

Eyes on next generation as Singapore succession is thrown into question

Reuters
By Aradhana Aravindan, Chen Lin SINGAPORE (Reuters) – Singapore’s typically staid politics has been unsettled by an announcement from the chosen successor for prime minister that he was taking himself out of the running, renewing questions over the city-state’s leadership planning. FILE PHOTO: A ship docks at Keppel terminal in......

The U.S. is facing a lithium-ion battery shortage as electric vehicle production ramps up

CNBC
CNBC – For more and to sign up click here As automakers continue to grapple with a semiconductor shortage, some experts say the next supply chain crisis for the U.S. could involve lithium-ion batteries. As companies like GM, Ford and a slew of start-ups ramp up their electric vehicle ambitions,......

U.S. adds Chinese supercomputing entities to economic blacklist

Reuters
FILE PHOTO: Chinese and U.S. flags flutter outside the building of an American company in Beijing, China January 21, 2021. REUTERS/Tingshu Wang/File Photo (Reuters) – The U.S. Commerce Department said Thursday it was adding seven Chinese supercomputing entities to a U.S. economic blacklist for assisting Chinese military The department is......

World Bank’s Malpass says slow COVID-19 vaccine rollout in Europe is concerning

Reuters
FILE PHOTO: World Bank President David Malpass responds to a question from a reporter during an opening press conference at the IMF and World Bank’s 2019 Annual Fall Meetings of finance ministers and bank governors, in Washington, U.S., October 17, 2019. REUTERS/Mike Theiler//File Photo WASHINGTON (Reuters) – World Bank President......

Argentina benefiting from higher world food prices – IMF economist

Reuters
WASHINGTON, April 6 (Reuters) – Argentina is benefitting from higher world food prices since that is one of its main exports, although the country’s government is still working to stabilize the economy, Gita Gopinath, the IMF’s chief economist said on Tuesday. The IMF lifted its forecast for growth in Latin......

Indian states seek widening of vaccinations as second surge overtakes first wave

Reuters
NEW DELHI (Reuters) -Many Indian state leaders have asked Prime Minister Narendra Modi to open up vaccinations to most of the country’s hundreds of millions of adults, following a second surge in infections that has eclipsed the first wave. FILE PHOTO: A healthcare worker collects a swab sample from a......

Iran rejects ‘step-by-step’ lifting of sanctions – Press TV

Reuters
FILE PHOTO: The Iranian flag waves in front of the International Atomic Energy Agency (IAEA) headquarters, before the beginning of a board of governors meeting, amid the coronavirus disease (COVID-19) outbreak in Vienna, Austria, March 1, 2021. REUTERS/Lisi Niesner (Reuters) – Iran’s government wants the United States to lift all......

Half of UK firms expect long-term post-Brexit disruption – survey

Reuters
LONDON (Reuters) – The majority of British firms have faced disruption with trade with the European Union since Brexit, with many expecting the problem to last for some time, according to a survey published on Saturday. FILE PHOTO: A general view shows the London skyline, in London, Britain December 24,......

Power play – India wields oil ‘weapon’ to cut dependence on Saudi

Reuters
NEW DELHI (Reuters) – When India’s government last month asked refiners to speed up diversification and reduce dependence on the Middle East – days after OPEC+ said it would maintain production cuts – it sent a message about its clout and foreshadowed changes to the world’s energy maps. FILE PHOTO:......

Stronger international support needed for Africa – IMF, African Caucus chair

Reuters
FILE PHOTO: The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo WASHINGTON (Reuters) – Africa needs carefully-calibrated domestic policies and stronger support from the international community to recover from the COVID-19 crisis and return to its path of......

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