TRADE WARS - AFRICA DAILY

'Very high chance' Hong Kong will end year in recession

Sep 22, 2022 (AFP)

"There is a very high chance for Hong Kong to record a negative GDP growth for this year," Financial Secretary Paul Chan told reporters, adding that interest ra...

Asian markets tumble further as Fed hikes rates, warns more to come

Sep 22, 2022 (AFP)

While the three-quarter-point rise was widely expected, there was some surprise at the central bank's forecast that borrowing costs would likely be held above f...

Markets drop as Fed hike looms, Putin move lifts dollar and oil

Sep 21, 2022 (AFP)

Equities around the world have been clattered by fears of a recession in major economies as central banks ramp up borrowing costs to combat the highest inflatio...

Zero-Covid harming 75% of European firms in China: business group

Sep 21, 2022 (AFP)

The report by the European Union's Chamber of Commerce in China marks the latest statement by the foreign business community that Beijing's hardline virus curbs...

Asian markets see rare rally but caution rules as Fed hike nears

Sep 20, 2022 (AFP)

Global equities have taken a severe body blow in recent weeks as central banks struggle to rein in stubbornly high inflation, Russia continues its war in Ukrain...

EU hopes for trade pact with Indonesia within two years

Sep 20, 2022 (AFP)

"We think it is feasible by mid-2024" to conclude a comprehensive economic partnership agreement, Valdis Dombrovskis told reporters in the Indonesian capital Ja...

China should do more to help avoid debt crisis: US official

Sep 20, 2022 (AFP)

In the wake of the pandemic, many countries are facing debt distress, and China has delayed or failed to participate in multinational efforts to try to work out...

Covid curbs leave Hong Kong musicians on their 'last dollar'

Sep 20, 2022 (AFP)

The coronavirus has battered live performances around the world, especially in the first 18 months of the pandemic, but nowhere has that hardship lasted longer ...

Markets drop again as traders brace for another big Fed hike

Sep 19, 2022 (AFP)

With recent data showing US inflation rooted at four-decade highs, investors are increasingly pessimistic about the outlook for the global economy. Some observe...

EU seeks emergency powers over supply chains

Sep 19, 2022 (AFP)

The proposal is part of the EU's answer to its bruising experience during the worst of the Covid pandemic, when the United States and China stopped exports of v...

Biden says warned Xi of investor fallout if China backs Russia's war

Sep 18, 2022 (AFP)

In an excerpt of an interview with CBS due to air Sunday, Biden said he told Xi that violating the sanctions would be a "gigantic mistake," but said that so far...

China-Russia: an unequal and fragile relationship

Sep 16, 2022 (AFP)

Xi and Putin Thursday held a bilateral meeting in Uzbekistan on the sidelines of a regional security summit, in a hugely symbolic encounter under the shadow of ...

Xi urges more 'political trust' with Turkey in Erdogan meeting

Sep 16, 2022 (AFP)

Xi and Erdogan met on the sidelines of the Shanghai Cooperation Organisation (SCO) summit in Samarkand, Uzbekistan. Turkey is a dialogue partner of the SCO, whi...

China retail sales, industrial production beat expectations in August

Sep 16, 2022 (AFP)

The world's second-largest economy saw a bounce in business activity, with retail sales up by 5.4 percent year-on-year in August, according to official data. Th...

Asian stocks edge higher, with all eyes on Fed rate path

Sep 15, 2022 (AFP)

The data showed US yearly inflation slowing less than expected and monthly inflation rising, stoking fears that the US Federal Reserve would continue its aggres...

EU chief talks Ukraine 'accession' with Zelensky in Kyiv

Sep 15, 2022 (AFP)

Her trip coincided with a meeting between Vladimir Putin and his increasingly close ally Chinese leader Xi Jinping in ex-Soviet Uzbekistan, where the Russian le...

'Naivety' towards China on trade is 'over': Germany

Sep 15, 2022 (AFP)

Any "naivety" in relations with China was "over", German Economy Minister Robert Habeck told a press conference after hosting a meeting of G7 trade ministers. "...

Xi says China willing to work with Russia on 'core interests'

Sep 15, 2022 (AFP)

"China is willing to work with Russia to strongly support issues concerning each other's core interests, and deepen practical cooperation on trade, agriculture,...

EU to ban products made using forced labour, risking China anger

Sep 14, 2022 (AFP)

The plan by Brussels does not specifically mention China, but will instead focus on all products made from forced labour -- including those made within the bloc...

Iran says will pursue membership of Russia, China-led bloc

Sep 14, 2022 (AFP)

The Shanghai Cooperation Organisation (SCO) -- made up of China, Russia, India, Pakistan and four ex-Soviet Central Asian countries -- was set up in 2001 as a p...