Browsing: Global Trade

NEW YORK: The global economy is experiencing a period of subdued economic performance marked by weak momentum and limited expansion, according to the latest assessment by the United Nations. The organisation said current conditions reflect an environment in which economic

Mena Newswire, NEW DELHI: The United Nations has projected that India’s economic growth will moderate to 6.6 percent in 2026, easing from an estimated 7.4 percent in 2025, as higher trade tariffs imposed by the United States weigh on global

MENA Newswire, SEOUL, December 30, 2025: The Republic of Korea’s annual exports surpassed US$700 billion for the first time this year, marking a record high for the nation and placing it among the world’s top six exporting economies. According to

TOKYO, November 17, 2025: Japan’s economy contracted for the first time in six quarters, as weaker exports and a slowdown in residential investment weighed on overall growth. Government data released on Monday showed that gross domestic product shrank by an

NEW YORK, September 27, 2025: The Secretary-General of the United Nations Conference on Trade and Development (UNCTAD), Rebeca Grynspan, has urged global leaders attending the 80th session of the United Nations General Assembly (UNGA80) to take immediate action to reduce debt costs,

Global trade surged to a record $33 trillion in 2024, marking a 3.7% expansion worth $1.2 trillion, according to the latest Global Trade Update released by UN Trade and Development (UNCTAD). Despite this growth, the report warns of increasing uncertainty

The European Union has announced counter tariffs totaling €26 billion ($28.33 billion) on U.S. goods, responding to the Trump administration’s decision to impose 25% tariffs on all steel and aluminum imports. The measures, unveiled Wednesday, aim to match the economic

U.S. President Donald Trump has announced plans to impose 25% tariffs on automobile imports, semiconductor chips, and pharmaceutical products entering the United States, with the measures set to take effect as early as April 2. Speaking at his Mar-a-Lago resort

MENA Newswire News Desk: Global merchandise trade showed signs of recovery in the first half of 2024 with a year-on-year increase of 2.3%, according to the latest Global Trade Outlook report. The report anticipates moderate growth continuing through the end of

New Delhi was a hub of activity on the 24th and 25th of May 2023 as it hosted the annual Confederation of Indian Industry (CII) conference. Prominent figures such as Sanjeev Bajaj, President of CII, and Chandragit Banerjee, Director-General of