Global trade

European Central Bank President Mario Draghi arrives for an EU summit in Brussels, Friday, March 22, 2019. European Union leaders gathered again Friday after deciding that the political crisis in Britain over Brexit poses too great a threat and that action is needed to protect the smooth running of the world's biggest trading bloc. (Julien Warnand, Pool Photo via AP)
March 27, 2019 - 7:40 am
FRANKFURT, Germany (AP) — The European Central Bank is ready to take further action to help the economy if the outlook takes a sudden turn for the worse, bank President Mario Draghi said Wednesday. Draghi said the bank would take "all the monetary policy actions that are necessary and proportionate...
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March 26, 2019 - 11:38 am
GENEVA (AP) — The United States has blocked a meeting of the World Trade Organization's dispute body, gumming up its operations over the Trump administration's refusal to recognize the government of President Nicolas Maduro in Venezuela. The U.S. delegation refused to approve the agenda of the...
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Journalists film Chinese Premier Li Keqiang delivering the work reports at the opening session of the China's National People's Congress at the Great Hall of the People in Beijing, Tuesday, March 5, 2019. (AP Photo/Andy Wong)
March 05, 2019 - 1:05 pm
BEIJING (AP) — China announced a robust annual economic growth target and a 7.5 percent rise in military spending Tuesday as it convened an annual legislative session overshadowed by a tariff war with Washington. Seeking to defuse U.S. and European complaints the Chinese system is rigged against...
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February 28, 2019 - 11:22 am
GENEVA (AP) — The World Trade Organization panel has ruled in favor of the United States in a dispute with China over agricultural subsidies, saying Beijing went beyond WTO limits in its support for wheat and rice producers. The WTO's Dispute Settlement Body on Thursday found China exceeded...
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FILE - In this file photo dated Thursday, Oct. 23, 2008, A tugboat passes a container ship docked at APM Terminals in Elizabeth, N.J. U.S.A. APM Terminals is owned by A.P. Moller-Maersk Group of Netherlands. Shares in the world’s biggest shipping company, Denmark’s A.P. Moller-Maersk, plunged Thursday Feb. 21, 2019, after it warned of the commercial damage it would suffer from a U.S. escalation in the trade war with China. (AP Photo/Mark Lennihan, FILE)
February 21, 2019 - 5:59 am
COPENHAGEN, Denmark (AP) — Shares in the world's biggest shipping company, Denmark's A.P. Moller-Maersk, plunged Thursday after it warned of the commercial damage it would suffer from a U.S. escalation in the trade war with China. The company reported a fourth quarter loss of $34 million, from a $...
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Trader Gregory Rowe works on the floor of the New York Stock Exchange, Friday, Feb. 8, 2019. Stocks are opening lower on Wall Street as a mixed bag of earnings reports didn't inspire investors to get back to buying stocks. (AP Photo/Richard Drew)
February 08, 2019 - 2:52 pm
U.S. stocks declined in afternoon trading Friday, joining a worldwide move lower as concerns remain high about global trade and the strength of the economy. The S&P 500 was on pace to close out its second down week in the last three as investors hit pause following a tumultuous two months where...
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Green traffic lights shine above the city of Frankfurt, Germany, Tuesday, Feb. 5, 2019. (AP Photo/Michael Probst)
February 07, 2019 - 5:04 am
BRUSSELS (AP) — European Union officials have slashed their growth forecast for the 19 countries that use the euro, saying even the reduced estimate was vulnerable to "large uncertainty" from slowing growth in China and weakening global trade. The EU's executive Commission cut the forecast for this...
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The logo of Daimler is photographed on a car in Frankfurt, Germany, Wednesday, Feb. 6, 2019. Daimler has its annual press conference on Wednesday. (AP Photo/Michael Probst)
February 06, 2019 - 4:42 am
FRANKFURT, Germany (AP) — Automaker Daimler said Wednesday that its fourth-quarter net profit fell 49 percent to 1.64 billion euros ($1.87 billion) as the Mercedes-Benz luxury car business was buffeted by diesel woes and global trade conflict. Revenue rose 7 percent to 46.6 billion euros and the...
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Ireland's Prime Minister Leo Varadkar attends a session of the annual meeting of the World Economic Forum in Davos, Switzerland, Thursday, Jan. 24, 2019. (Gian Ehrenzeller/Keystone via AP)
January 24, 2019 - 8:11 am
DAVOS, Switzerland (AP) — The Latest on the World Economic Forum in Davos, Switzerland (all times local): 2:10 p.m. Irish Premier Leo Varadkar says Britain will face "enormous difficulties" if it crashes out of the European Union without a deal that could leave it unable to strike trade deals with...
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German Chancellor Angela Merkel exits the stag after addressing the annual meeting of the World Economic Forum in Davos, Switzerland, Wednesday, Jan. 23, 2019. (AP Photo/Markus Schreiber)
January 23, 2019 - 6:51 pm
DAVOS, Switzerland (AP) — World leaders in favor of international cooperation and free trade struck back Wednesday against the wave of populist nationalism that has featured more prominently than usual at the gathering of elites in Davos, Switzerland. As a dizzying array of heads of state - from...
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