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WASHINGTON, June 6, 2024 (AFP) – The US trade deficit expanded slightly less than analysts expected in April, to the widest since late 2022, as imports rose more quickly than exports, according to government data released Thursday. The overall gap was $74.6 billion, growing from March’s revised $68.6 billion figure, said the Commerce Department. This was the largest deficit since October 2022, according to official data. US consumption has been more resilient than anticipated […]
BRUSSELS, Belgium, March 22, 2024 (AFP) – EU chief Ursula von der Leyen said Thursday Brussels was proposing raising tariffs on Russian and Belarusian grain to protect Europe’s farmers and punish Moscow over its war on Ukraine. The announcement came hours after Ukrainian President Volodymyr Zelensky complained to EU leaders that it was not fair Russian grain continued to have “unrestricted” access to their markets, while Ukrainian imports were being limited. “It will prevent Russian […]
Colombo, Sri Lanka (AFP) Sri Lanka tightened import restrictions Wednesday with a ban on more than 300 additional items, as an economic crisis that has created months of shortages and toppled a president refuses to abate. President Ranil Wickremesinghe, who replaced Gotabaya Rajapaksa after his ouster in July, slapped a ban on goods including home appliances, tools and sports gear. The South Asian island nation of 22 million people has been suffering dire shortages […]
(Eagle News) — The Philippines’ Gross Domestic Product shrank by 4.2 percent in the first quarter of 2021. According to the Philippine Statistics Authority, this is less compared to the 8.3 percent shrinking of the Philippine GDP in the fourth quarter. The PSA said the contributors to the decline were the following industries: Construction: -24.2 percent Other Services: -38.0 percent Real Estate and Ownership of Dwellings: -13.2 percent The following industries, on the other hand, […]
Washington’s chief trade negotiator on Wednesday said there remained much to do before reaching a new trade agreement with China despite “real progress” so far. After months of negotiating with Beijing, “now we are making real progress,” US Trade Representative Robert Lighthizer said in congressional testimony. However, “Much still needs to be done both before an agreement is reached, and more importantly after it is reached if one is reached.” Citing progress toward a new […]
(Eagle News) – Some 250,000 metric tons of rice imported by the National Food Authority (NFA) have already arrived in the country which pushed the prices of commercial rice lower. Some of the rice prices became lower – at P36 and P38. “The Department of Agriculture, commercial rice is now at P36-P38 as a result of the arrival of the 250,000 metric tons of NFA rice from Subic,” Presidential Spokesperson Harry Roque said in a […]
