New cars sit on a truck that is leaving a lot at the Auto Warehousing Company near the Port of Richmond in Richmond, California. Agence France-Presse
China’s factory activity shrank more than expected in June, an official manufacturing survey showed, highlighting the need for more economic stimulus as US tariffs and weaker domestic demand ramped up pressure on new orders for goods.
China on Saturday increased tariffs on billions worth of US goods as it prepares to unveil a blacklist of “unreliable” foreign companies that analysts say aims to punish US and foreign firms cutting off supplies to telecoms giant Huawei.
Trade talks between the US and China broke up on Friday with no agreement, hours after President Donald Trump more than doubled tariffs on $200 billion in Chinese imports.
The United States and China have agreed to a tentative truce in their trade dispute ahead of a meeting between leaders of the two nations at the G20 summit this weekend, the South China Morning Post reported on Thursday, citing sources.
The Sharjah Directorate of Public Works (SDPW), has completed a project for establishing the Grand Touristic Restaurant in Al Hisn Island, Dibba Al Hisn, worth Dhs10 million.
America’s economy has shown “marked improvement” since the coronavirus pandemic drove it into recession, but the path ahead remains uncertain and the US central bank will do more if needed, Federal Reserve Chair Jerome Powell
Ahmed Mahboob Musabih, Director-General of Dubai Customs said the non-oil trade between Dubai and Saudi Arabia amounted to Dhs500 billion ($136 billion) in the last ten years (2010-2020), which makes the kingdom Dubai’s biggest Arab trade partner and fifth globally.
Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, chaired a virtual meeting of the Industrial Coordination Council on Tuesday with the participation of Sarah Bint Yousif Al Amiri, Minister of State for Advanced Technology, and members of the Council.