China's outsized role in world trade is alarming global finance chiefs. They are poised to forge a united front for their nations to challenge "Harmful practices" in global trade. Here's more on that.

G7 draft raises alarm at 'harmful' trade

The International Monetary Fund (IMF) has voiced concerns over the Biden administration's decision to raise tariffs on certain Chinese goods. The IMF spokesperson emphasised the importance of maintaining open trade policies for the US.

Biden's tariff move risks global trade & growth, says IMF

The world merchandise trade volume is projected to pick up gradually and increase by 2.6% in 2024 and 3.3% in 2025 after falling 1.2% in 2023 due to the lingering effects of high energy prices and inflation. World Trade Organisation (WTO) economists said in a new forecast

WTO: Global goods trade to rebound slowly in 2024

Global trade faces turbulent waters as two critical shipping routes grapple with unprecedented challenges. In the red sea, a series of attacks on vessels has disrupted traffic through the suez canal, while on the other side of the world, a severe drought at the panama canal has slowed maritime trade to a crawl.

Global trade plagued by Red Sea attacks & Panama canal drought

The world trade organization has unveiled a $50 million fund aimed at propelling female entrepreneurs in developing countries into the forefront of global trade. Led by director general Ngozi Okonjo-Iweala, this initiative addresses a critical disparity: while women represent half of the world's population, their contribution to global GDP stands at only 37%. Watch to know more!

WTO launches $50 million fund to empower women entrepreneurs

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. RBI keeps interest rates steady at 6.5pc, revises GDP growth outlook for 2023-24 The Reserve Bank of India (RBI) has opted to maintain the status quo on interest rates, keeping the repo rates unchanged at 6.

WION Business Wrap | UAE's investment in India, Nvidia's valuation surge and more

Global markets roundup | Asian markets open in Red. Japan leads losses in Asia.

Global markets roundup | Asian markets open in Red | WION World Business Watch

Asia-Pacific markets started Friday lower, breaking ranks with wall street which mostly advanced on Thursday, amid mixed economic data from across the region. South Korea’s Kospi led the declines while Japanese stocks opened slightly lower. Mainland Chinese stocks and Hong Kong's Hang Seng slid at the open as investors assessed China’s caixin manufacturing purchasing managers’ index for november which showed that the sector expanded.

Asian markets open lower

As India assumes the presidency of the G20, it finds itself at the center of global trade discussions, representing 43 member countries that collectively account for 85% of the global GDP, 75% of world trade, and two-thirds of the global population.

India's G20 Presidency: Leveraging trade opportunities amid global uncertainty

The covid-19 pandemic disrupted global trade as the world was forced into a lockdown but International Traders continue to be frustrated as recovery looks unlikely in global trades slows down after the pandemic yes in fact U.S credit rating agency Fitch has said that global trade is rapidly slowing after a rapid post-pandemic recovery in 2021 and 2022 global trade is expected to expand 1.9 percent this year down sharply from 2022's growth rate of 5.5 percent that's due to tighter monetary policy less stimulus and stalling globalization in fact trade will grow slower than the global economy.

Covid blues: Global trade recovery slows in 2023

The post-pandemic rebound in global trade, which marked a period of recovery over the past two years, is now facing a significant slowdown, as per the latest report by Fitch Ratings.

Global trade recovery hits roadblock as Fitch Ratings signals slowing growth

The world trade is re-globalising. Companies and government are driving this "re-globalisation", where companies are reducing their reliance on a single country while countries are ensuring that key materials are secured if trade splinters into geopolitical blocs.

World trade is 'reglobalising'

Planes, trains, and automobiles carry us and a lot of other things, but ships carry more than 80 per cent of the goods traded globally. So, stay close to the ports if you want to understand the shifts in global trade patterns.

Watch those ships as global trade growth seen slowing

Taiwan has rejected China's sovereign claims and Taiwan's Chief Trade negotiator said that, any Chinese military attack on Taiwan would have a greater impact on global trade. There would be a worldwide shortage of supply.

'China's attack on Taiwan would hit Global trade,' says Taiwan

Sanctions on Russia are starting to wreak havoc on global trade, with potentially devastating consequences for energy and grain importers while also generating ripple effects across a world still struggling with pandemic-induced supply chain disruptions.

Russia's invasion of Ukraine leaves global trade in tatters

The world’s biggest companies are back to their pre-pandemic levels of confidence in the global economy’s prospects and most expect to make acquisitions to boost growth, as per a KPMG survey.

World Business Watch: KPMG survey shows CEOs back to pre-pandemic levels of confidence

The recovery of global economies worldwide is facing a host of challenges and has been uneven. How developing nations are looking at economic recovery? What's in store for the future? WION's Sumit Chaturvedi talks to Ms. Busi Mabuza, Chair, BRICS Business Council for more perspective.

World Business Watch: How developing nations are looking at global economic recovery?

A backlog of container ships carrying consumer goods has grown in some key strategic ports after a near week-long blockage in the Suez Canal, adding to ongoing disruptions to global trade.

World Business Watch: Global supply lines struggle to clear container backlog after Suez Canal chaos

China's exports beat expectations in August as the world's biggest manufacturing nation's overseas markets reopened from Covid-19. Exports rose 9.5% from a year earlier.

China's export grow significantly faster than Global trade

As the US presidential election draws near, the conflict between America and China will escalate, impairing global trade which is "extremely important" for emerging markets like India and Brazil that are re-opening amid COVID-19 pandemic, former RBI Governor Raghuram Rajan has said.

US-China conflict to impair global trade which is vital for India's reopening: Raghuram Rajan

Global trade is expected to drop around 18.5 per cent year-on-year in the second quarter of 2020 in a huge coronavirus-driven plunge which nonetheless could have been much worse, the WTO said Tuesday.

Global trade set to shrink 18.5% in Q2, defying worst fears: WTO

US lawmakers seeking to rein in Big Tech have been stepping up efforts to limit legal immunity for online services, and now are taking that fight global. House Speaker Nancy Pelosi this week backed a move by fellow lawmakers to carve out the so-called Section 230 protection — which some activists say is a cornerstone of the open internet — from a North American trade pact with Canada and Mexico, known as USMCA.

US debate on internet liabilty spills over to global trade deals

The blockbuster growth in the world's major cities in recent years will slow sharply in 2020 and 2021 as the global trade slowdown takes its toll, according to new research.

Major US, global cities slowing amid worldwide slump: Report

By Rodrigo Olivares-Caminal Moody’s, one of the big three credit rating agencies, is not upbeat about the prospects for the world’s debt in 2020 – to put it mildly.

Why a global debt crisis looks very hard to avoid

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