Keywords: Trade


China opposes unilateral sanctions and vows to protect its companies

China has reaffirmed its opposition to what it describes as unilateral sanctions that are not authorized under international law, pledging to safeguard the legitimate interests of Chinese businesses and citizens if additional restrictive measures are introduced. Speaking at a regular press briefing,......

China rejects US sanctions plan targeting buyers of Russian oil

China has strongly rejected a proposed United States sanctions framework aimed at countries that continue purchasing Russian oil, warning that it would oppose measures it considers unilateral and incompatible with international law. The statement comes as a bipartisan group of US senators advances legislation......

Oil prices rise as Strait of Hormuz tensions fuel market uncertainty

Global oil prices moved higher as investors reacted to renewed geopolitical tensions in the Middle East, with developments around the Strait of Hormuz increasing concerns about potential disruptions to global energy supplies. Both Brent crude and West Texas Intermediate (WTI) futures recorded gains......

Shipping data show most vessels transiting the Strait of Hormuz used the Iranian route

Recent shipping data indicate that the majority of commercial vessels crossing the Strait of Hormuz have continued to use the Iranian shipping lane despite heightened geopolitical tensions in the region. According to maritime tracking information, nine of the eleven ships that transited the strategic......

India-UK trade agreement enters into force with sweeping tariff cuts and expanded market access

India and the United Kingdom have officially implemented their Comprehensive Economic and Trade Agreement (CETA), introducing significant tariff reductions and broader market access for businesses, professionals and investors in both countries. The agreement, which took effect on Wednesday, is expected......

Iran–US tensions escalate as Strait of Hormuz security raises global trade concerns

Tensions between Iran and the United States have intensified following renewed military activity and growing concerns over security in the Strait of Hormuz, one of the world's most strategically important maritime routes. The latest escalation has heightened fears about regional stability, global......

Vietnam investigates alleged diamond smuggling network linked to leading jeweller

Vietnamese authorities have launched a major investigation into an alleged international diamond smuggling operation connected to the country's largest listed jewellery company, Phu Nhuan Jewelry (PNJ). The probe focuses on the suspected illegal importation of approximately 28,000 diamonds with an......

Trump claims Iranian vessels would be barred from Strait of Hormuz transit

U.S. President Donald Trump has claimed that all commercial shipping would be allowed to transit the Strait of Hormuz except vessels linked to Iran, as tensions in the Gulf continue to draw international attention. In a post on his social media platform, Truth Social, Trump stated that the strategic......

Angola adds Chinese yuan to bank reserves in move to diversify foreign currency holdings

Angola has officially added the Chinese yuan to the list of foreign currencies that commercial banks can use to meet mandatory reserve requirements, marking a significant step in the country's efforts to diversify its financial system and strengthen monetary stability. The decision, announced by......