Cars for exports at a port in Yokohama, Japan. Reuters
Japan’s government slashed its economic growth forecast for this year largely due to weaker exports, in a sign the protracted US-China trade war is taking a bigger toll on the world’s third-largest economy.
As optimism grows that the United States and China are nearing a trade deal, Japan kicks off its own negotiations with Washington from Monday, hoping to resolve some of the issues «very quickly.» US Trade Representative Robert Lighthizer and Japan›s Economy Minister Toshimitsu Motegi
Taiwan’s export orders contracted for an eighth straight month in June, with global companies increasingly hesitant to make new investments in machinery as the China-US trade war wears on.
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.