S. Korea's carmakers suffer 5% sales dip in November

Dec 02, 2020 22:12 pm UTC| Economy

South Korea five carmakers sold a combined 674,040 vehicles in November, down 5 percent from the 710,466 units a year as the coronavirus outbreak continued to sap global demand. A series of strikes added to the...

Zimbabwe's cannabis earnings forecast of $1.25 billion is 'ambitious': economist

Dec 01, 2020 23:49 pm UTC| Economy

Zimbabwes export earnings projection from cannabis to reach $1.25 billion in 2021, three times more than tobacco, was called ambitious by an independent economist based in Harare, John Robertson. The economist said...

An all-out trade war with China would cost Australia 6% of GDP

Dec 01, 2020 09:14 am UTC| Economy

China accounts for more than a third of export dollars earned by Australia. The figures, for the 12 months to October, cover the period of coronavirus disruptions and disputes over trade. They apply to physical...

US legislators to vote on bill that may delist Chinese firms

Nov 30, 2020 23:15 pm UTC| Economy Law

The US House of Representatives is set to vote on a bill threatening to boot Chinese companies, including behemoths like Alibaba and Baidu, out of American stock markets. The bill, entitled Holding Foreign Companies...

Japan, China hope travel restart would boost economies

Nov 30, 2020 22:10 pm UTC| Economy

Japan and China are hopeful that the easing of border controls and compulsory 14-day quarantine requirements to expedite their economic recoveries. The two countries started accepting visa applications for business...

South Korea's tariffs on Japanese steel found illegal by WTO

Nov 30, 2020 18:32 pm UTC| Economy

The World Trade Organization (WTO) ruled that South Korea violated the international anti-dumping agreement when it renewed a series of 15.39 percent duties on Japanese stainless steel bars in 2017. According to the WTO...

China imposes 212% tariffs on Australia's wine, claims dumping

Nov 29, 2020 19:22 pm UTC| Economy

Chinese regulators would impose tariffs of between 107.1 and 212.1 percent on Australian wines after finding preliminary evidence of dumping, causing material damage to the domestic wine industry in China. An...