India bans some rice exports, global food prices may rise further
26 July 2023
The government of India announced on July 20 that it would ban the export of rice, except for Indian shrimp, in order to ensure that there is sufficient supply of rice in the domestic market and to mitigate the rise in market prices.This move could lead to about half of the world’s largest rice exporter’s exports, raising concerns that global food prices could rise further.
UPS faces potential massive strike in US
24 July 2023
UPS unions are struggling to raise part-time wages and have appealed to workers to strike. Shawn OBrien, chairman of the International Truck Drivers Brotherhood, said in a live broadcast on July 16 to union members that if a new agreement cannot be reached before the July 31 contract expires, the unions will start strike on August 1.
The UK officially joined CPTPP
20 July 2023
Recently, the Ministerial Conference of Members of the Comprehensive and Progressive Trans-Pacific Partnership Agreement (CPTPP) was held in Auckland, New Zealand, and the meeting made a major decision: to formally approve the UKs accession to the CPTPP. British Minister of Commerce and Trade Kemi Badnoch signed an agreement to join the CPTPP in New Zealand, which she said would greatly boost the development of British enterprises and bring a number of benefits.
A new era of Middle East diplomacy: deepening strategic mutual trust and opening up a trillion-dollar investment opportunity
18 July 2023
Since the beginning of this year, Chinas policies and concepts on the Middle East issue have been widely recognized by regional countries, promoting a “reconciliation wave” in the Middle East. The strategic mutual trust between China and Middle Eastern countries has been continuously deepened, and economic and trade relations have become increasingly close. Professionals point out that as Chinas Middle East diplomacy enters a new era, it is expected to bring trillion - dollar investment opportunities to China. Before this, oil...
The impact of global high temperature weather on factories, power grids and the economy
18 July 2023
In North America, Canada is experiencing the worst wildfires season in history, leading to the forced shutdown of wooden plants in Quebec and the reduction of oil output in Alberta. More than 100 million people in the United States live in high temperatures, and the huge demand for electricity increases the burden on the power grid.
Aspartame Considered a Possible Carcinogen: Trade Implications and Industry Trends
17 July 2023
Recently, the artificial sweetener aspartame has sparked widespread concern due to its potential carcinogenicity. The World Health Organization (WHO) and the International Agency for Research on Cancer (IARC) have classified it as "possibly carcinogenic to humans" (IARC Group 2B) based on "limited evidence." However, the Joint FAO/WHO Expert Committee on Food Additives (JECFA) has reaffirmed the acceptable daily intake of aspartame at 40 mg per kilogram of body weight...
EU regulates impact of new law on global corporate mergers
17 July 2023
On July 12, the EUs Foreign Subsidies Regulation (FSR) officially came into effect. The bill stipulates that if non - EU enterprises receive financial subsidies from non - EU countries, the European Commission has the right to prohibit them from participating in EU merger and acquisition transactions or public procurement. This move has brought new regulatory challenges to enterprises, especially for those companies that receive a large amount of financial support from non - EU countries...
Chinas import and export scale exceeded 2 trillion yuan in the first half of the year, but export demand and import growth are still under pressure.
14 July 2023
According to China Customs Statistics, in the first half of 2023, Chinas goods trade import and export gross value first broke 2 trillion yuan, reached 20.1 trillion yuan, compared to 2.1% growth. This is the first time in history, marking Chinas economys foreign trade activity showed a positive trend. The total export value reached 11.46 trillion yuan, compared to 3.7%, while the total import value was 8.64 trillion yuan, compared to slightly less.
Global trade overview in the first half of 2023: analysis of export data of various countries
July 13, 2023
In the first half of 2023, global trade experienced a severe impact triggered by the pandemic. However, according to reports from international organizations such as the United Nations Conference on Trade and Development (UNCTAD) and the World Trade Organization (WTO), the global supply chain is returning to normal, and shortages and delivery delays of non - essential consumer goods have improved significantly. Although the volume and value of global merchandise trade rebounded in the first quarter...
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