DIRS.INFO The most relevant business & tech news

☆ Russia smells blood as Ukraine tries to stop war fatigue spreading among allies
▼ + stars: | 2023-09-26 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

Ukrainian President Volodymyr Zelensky listens during a meeting with US President Joe Biden in the Oval Office of the White House in Washington, DC, on September 21, 2023. One noted Russian academic, historian and author Sergei Medvedev said he's worried about Western resolve in Ukraine, saying, "I think the West is tiring." Russian President Vladimir Putin speaks during The Strong Ideas For The New Times Forum on June 29, 2023 in Moscow, Russia. Getty ImagesWhen a very public rift erupted between Poland and Ukraine last week, the Kremlin was quick to seize upon the tensions. Ukrainian President Volodymyr Zelenskyy and U.S. President Joe Biden in the Oval Office on Sept. 21, 2023.

Persons: Volodymyr Zelensky, Joe Biden, Jim Watson, Russia —, Vladimir Putin, Sergei Medvedev, he's, Trump, Putin, Dmitry Peskov, Rava, Yuriy Dyachyshyn, Volodymyr Zelenskyy, Mateusz Morawiecki, Teneo, Kevin Lamarque, Ian Bremmer, Zelenskyy, let's, Andrzej Duda Organizations: White, AFP, Getty, Republicans, CNBC, Kremlin, New Times Forum, Agency for Strategic Initiatives, Putin's, European Commission, World Trade Organization, General Assembly, Kyiv, Teneo, U.S, Republican, Ukraine, Reuters, Eurasia Group, Trump, Sunday Locations: Washington ,, Ukraine, Russia, Europe, U.S, Poland, Slovakia, Russian, Moscow, Warsaw, Kyiv, Polish, Hungary, New York City

☆ Opinion: Ukraine’s bumpy road ahead just got rockier
▼ + stars: | 2023-09-26 | by ( David A. Andelman | ) edition.cnn.com time to read: +8 min

David A. Andelman David AndelmanThat is the clearest and most present danger to the security of Europe and the entire Western alliance. Fissures are appearing across the hitherto united Western front that can only be sending shivers of joy up Putin’s spine. Putin quite rightly appreciated the stakes — and the opportunity — when he first launched his heartless blockade of Ukraine’s grain, grain that helps feed not only Europe but also vast stretches of Africa now plunged into the threat of devastating hunger. Ukrainian President Volodymyr Zelensky addresses the UN General Assembly last week in New York City. The EU is weighing up a mammoth four-year, 20 billion euro ($21.3 billion) fund to finance weapons purchases for Ukraine.

Persons: David A, David Andelman, Vladimir Putin, shivers, Putin, Hungary —, Volodymyr Zelensky, Bryan R, Smith, hasn’t, ”, Mateusz Morawiecki, Andrzej Duda, Robert Fico, Fico, Olaf Scholz, —, Mitch McConnell, “, ” Robert I, Harvard Kennedy Organizations: CNN, French Legion of, The New York Times, CBS News, America, Republicans, NATO, European Union, UN, Assembly, Getty, Smer Party, ”, World Trade Organization, Ukraine, North, Times, Harvard Kennedy School’s Locations: Ukraine, Europe, Africa, Poland, Slovakia, Bialobrzegi, Warsaw, Hungary, New York City, AFP, New York, Moscow, ” Polish, Banovce nad Bebravou, ” Ukraine, EU, Russia, North Korea, Zelensky, London, America, China, ” China

KYIV, Ukraine (AP) — Russian airstrikes on Sunday killed two people and wounded three others in southern Ukraine's Kherson province, the region's governor reported Sunday as the war in Ukraine entered a 20th month. Oleksandr Prokudin, Russian forces struck the city of Beryslav, destroying an unspecified number of private houses. The Kursk region of Russia borders Ukraine and also is a frequent target of attacks. There was no immediate comment from the Ukrainian authorities, who usually don't acknowledge responsibility for attacks on Russian territory. ___For more coverage of the war in Ukraine, visit: https://apnews.com/hub/russia-ukraine

Persons: Oleksandr Prokudin, Prokudin, Roman Starovoit, Volodymyr Zelenskyy, Zelenskyy, Vladimir Putin, Mateusz Morawiecki Organizations: Sunday, Gov, Federal Security Service, General, Twitter, ”, World Trade Organization, European Union Locations: KYIV, Ukraine, Ukraine's Kherson, Beryslav, Lvove, Ukrainian, Kherson, Russia, Kursk, “, North America, Canada, Poland, Europe, ” Poland, Kyiv, Warsaw, Hungary, Slovakia, Polish, russia, ukraine

☆ Russian airstrikes kill 2 and wound 3 in southern Ukraine as war enters 20th month
▼ + stars: | 2023-09-24 | by ( ) www.cnbc.com time to read: +3 min

A local resident clear the rubbles of his destroyed following Russian missiles strike in Kherson on August 14, 2023, amid Russian invasion in Ukraine. Russian airstrikes on Sunday killed two people and wounded three others in southern Ukraine's Kherson province, the region's governor reported Sunday as the war in Ukraine entered its 20th month. In Russia, a Ukrainian drone hit an administrative building in the city of Kursk and "insignificantly damaged" the roof, regional Gov. The Kursk region of Russia borders Ukraine and also is a frequent target of attacks. His remarks left many wondering if the Western resolve to support Ukraine in the war with Russia is waning.

Persons: Oleksandr Prokudin, Prokudin, Roman Starovoit, Volodymyr Zelenskyy, Zelenskyy, Poland, Vladimir Putin, Mateusz Morawiecki Organizations: Russian, Sunday, Gov, Federal Security Service, General, Twitter, World Trade Organization, European Union Locations: Kherson, Ukraine, Ukraine's Kherson, Beryslav, Lvove, Ukrainian, Russia, Kursk, North America, Canada, Poland, Europe, Kyiv, Warsaw, Hungary, Slovakia, Polish

☆ Australia seeks separate dialogue on China wine dispute
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +2 min

[1/2] Bottles of Australian wine are seen at a store selling imported wine in Beijing, China November 27, 2020. REUTERS/Florence Lo/File Photo Acquire Licensing RightsSYDNEY, Sept 24 (Reuters) - Australia wants a separate dialogue with China on their dispute over wine, the agriculture minister said on Sunday, rejecting Beijing's proposal to link wine with other trade issues as the two nations slowly seek to improve battered relations. China's removal of tariffs last month on Australian barley has raised hopes for an easing of wine tariffs, in place since 2021, which have hammered the country's wine exports. China on Thursday proposed a "packaged solution" that would tie the wine dispute to those about duties on Australian imports of Chinese railway wheels, wind towers and stainless steel sinks, state news agency Xinhua reported. China was Australia's top wine export market before COVID, peaking at A$1.2 billion ($770 million) for the 12 months to January 2020 when the pandemic hit.

Persons: Florence, Murray Watt, Watt, Sam McKeith, William Mallard Organizations: REUTERS, Rights, Xinhua, Agriculture, Australian Broadcasting Corp, World Trade Organization, COVID, Thomson Locations: Beijing, China, Australia, COVID, Sydney

☆ WTO needs progress on 'non-market' practices, dispute settlement -USTR's Tai
▼ + stars: | 2023-09-22 | by ( David Lawder | ) www.reuters.com time to read: +4 min

She said that in recent years, the WTO has failed to address non-market practices by some countries, seeking to "dominate key industrial sectors, promote national champions and discriminate foreign competitors, massively subsidize key sectors and manipulate cost structures." "And we certainly need to reform our dispute settlement system." "The United States wants a WTO where dispute settlement is fair and effective and supports a healthy balance of sovereignty, democracy, and economic integration," Tai said. Where we have better rules and tools to tackle non-market policies and practices and to confront the climate crisis and other pressing issues." Tai has long pushed back against China's "non-market" economic and trade practices from China, raising fresh objections to its state-led approach during a late May meeting with Chinese Commerce Minister Wang Wentao in Detroit.

Persons: Katherine Tai, Biden's, Jonathan Ernst, Tai, Ngozi, Iweala, Wang Wentao, David Lawder, Grant McCool Organizations: Trade, REUTERS, Rights, . Trade, World Trade Organization, WTO, Center for Strategic, China's, Chinese Commerce, Thomson Locations: Washington , U.S, U.S, WTO, Washington, China, Abu Dhabi, United States, Detroit

☆ Conservative women leaders make their entrance at the UN General Assembly
▼ + stars: | 2023-09-22 | by ( Stephanie Fillion | ) edition.cnn.com time to read: +6 min

United Nations CNN —When Jacinda Ardern brought her baby Neve to the United Nations for the 2018 General Assembly, then-New Zealand Prime Minister became an emblematic figure of modern women in politics. But women attending the annual top rendezvous of diplomacy have remained a minority, and the UN General Assembly this year is no different. “This perpetuates the cycle,” Susana Malcorra, a former foreign minister of Argentina and president of Global Women Leaders Voices, said. Of course, not all the women leaders attending UNGA are on the far side of the political spectrum. It was Čaputová’s last General Assembly as president of her country, as she announced a few months ago she won’t seek reelection in 2024 for personal reasons.

Persons: Jacinda Ardern, Neve, ” Susana Malcorra, Katalin Novak, Giorgia Meloni, Meloni, “ Meloni, ” Richard Gowan, Katalin Novák, Viktor Orbán, it’s, Novák, Orban, Novak, ”, Mike Segar, Dina Boluarte, Peru’s, Pedro Castillo, Boluarte, UNGA, Zuzana, Maia Sandu, Nataša Pirc Musar, –, Sheikh Hasina, Mia Mottley, Bob Marley, Xiomara Castro, Ursula von der Leyen, Kristalina Georgieva, Ngozi, Natalie Portman Organizations: United Nations CNN, United Nations, Zealand, UN, Assembly, Global, Italian, Ukraine, Crisis, United Nations Security Council, Reuters, Security Council, Slovenia, Big Apple, European Commission, International Monetary Fund, World Trade Organization Locations: New York, Argentina, Italy, Ukraine, Slovakia, Moldova, Barbados, New York City, Honduras

☆ Xi'an Jiaotong University: Top Chinese university scraps English tests in move cheered by nationalists
▼ + stars: | 2023-09-21 | by ( Nectar Gan | ) edition.cnn.com time to read: +5 min

In a notice Wednesday, the Xi’an Jiaotong University in the capital city of Shaanxi province said students will no longer need to pass a nationwide standardized English test – nor any other English exams – to be able to graduate with bachelor’s degrees. But in recent years, some universities have downgraded the importance of English, either by replacing the national College English Test with their own exams or – as in the case of the Xi’an Jiaotong University – dropping English qualifications altogether as a graduation criteria. For some liberal-leaning Chinese, the downgrade of English is symbolic of China’s inward turn and a tightening of ideological control. “We need English to understand the world. These days, if you don’t understand English, you’ll still fall behind in the scientific and technological world,” a Weibo user said.

Persons: Xi Jinping, ”, Mao, Xi, it’s, Weibo, don’t, you’ll Organizations: Hong Kong CNN, Jiaotong University, English, College English, Jiaotong, Weibo, World Trade Organization Locations: China, Hong Kong, Shaanxi, Weibo, Shanghai, Taiwan

☆ One of Ukraine's strongest allies says it will no longer supply Kyiv with weapons
▼ + stars: | 2023-09-21 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +6 min

Kacper Pempel | ReutersPoland has said it will no longer supply its neighbor Ukraine with weapons, as a rift over agricultural exports deepens. Jonathan Ernst | ReutersWarsaw has been one of Kyiv's staunchest allies since mutual foe Russia invaded Ukraine in February 2022. Poland has donated a wide range of weaponry to Kyiv, from modern Leopard 2 tanks to Soviet-era fighter jets, as well as delivering military training to Ukraine's armed forces. A Polish farmer during an April 12, 2022 protest against Ukrainian grain imports, which have lowered prices for crops in Poland. In happier times: Ukraine's President Volodymyr Zelensky and Polish Prime Minister Mateusz Morawiecki embrace during a joint news briefing on a day of the first anniversary of Russia's attack on Ukraine, in Kyiv, Ukraine February 24, 2023.

Persons: Kacper Pempel, Mateusz Morawiecki, Morawiecki, Kamala Harris, Jonathan Ernst, Kyiv's, Volodymyr Zelenskyy, Pawel Jablonski, Attila Husejnow, Yulia Svyridenko, Svyridenko, Volodymyr Zelensky, Viacheslav Ratynskyi Organizations: NATO, Reuters, Google, Polska Agencja, Poland's, U.S, White, Washington , D.C, World Trade Organization, United Nations, General Assembly, Kyiv, UN, Assembly, CNBC, EU, Solidarity, European Commission, Slovakia —, WTO, Warsaw, Polish Locations: Europe, France, U.S, Poland, Piskie, Orzysz, Reuters Poland, Ukraine, Kyiv, Warsaw, Washington ,, Reuters Warsaw, Russia, Soviet, Moscow, Romania, Bulgaria, Hungary, Slovakia, Polish, Bratislava, Budapest, Ukrainian

☆ Poland summons Ukrainian ambassador over Zelenskiy comments
▼ + stars: | 2023-09-20 | by ( Alan Charlish | ) www.reuters.com time to read: +4 min

REUTERS/Viacheslav Ratynskyi/File Photo Acquire Licensing RightsWARSAW, Sept 20 (Reuters) - Poland summoned Kyiv's envoy to the foreign ministry on Wednesday, after comments by Ukraine's president on a ban on grain imports angered the government in Warsaw, which is toughening its stance ahead of October elections. It said Jablonski also told Ambassador Vasyl Zvarych that "putting pressure on Poland in multilateral forums or sending complaints to international tribunals are not appropriate methods of resolving disputes between our countries". He did not name the countries although Kyiv has previously said the complaint targeted Poland, Slovakia and Hungary. Polish Agriculture Minister Robert Telus told state-run news agency PAP that he took Kachka's comments as a way of "calming down a certain atmosphere that had been building for two or three days". Reporting by Alan Charlish and Pawel Florkiewicz; editing by Christina Fincher, Tomasz Janowski and Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

Persons: Viacheslav, Kyiv's, Ukraine's, Volodymyr Zelenskiy, Pawel Jablonski, V, Zelenskiy, Jablonski, Vasyl Zvarych, Florin Barbu, Mateusz Morawiecki, Morawiecki, Facebook Morawiecki, Taras Kachka, Robert Telus, Alan Charlish, Christina Fincher, Tomasz Janowski, Mark Heinrich Our Organizations: Russian, REUTERS, Rights, United Nations General Assembly Kyiv, General, European Commission, Romanian, Trade Organization, Poland's, Polsat, Facebook, Trade, RMF, Thomson Locations: Ukraine, Velykomykhailivka, Dnipropetrovsk region, Poland, Warsaw, Russia, Hungary, Slovakia, Moscow, Romania, Bulgaria, Kyiv, Republic of Poland

Polish leaders have compared Ukraine to a drowning person hurting his helper and threatened to expand a ban on food products from the war-torn country. Meanwhile, Ukrainian President Volodymyr Zelenskyy suggested that EU allies that are prohibiting imports of his nation’s grain are helping Russia. All the EU countries will keep allowing Ukrainian products to move through their borders to world markets. Russia dealt a huge blow by withdrawing in July from a wartime agreement that ensured safe passage for Ukrainian grain through the Black Sea. Ukraine also threatened this week to ban some Polish food items, but appeared to back off that.

Persons: Volodymyr Zelenskyy, “ Alarmingly, they’re, ” Zelenskyy, Pawel, “, Vasyl Zvarych, Jablonski “, Andrzej Duda, Mateusz Morawiecki, ” Morawiecki, Nikolai Denkov, Veselin Toshkov Organizations: Union, EU, World Trade Organization, General, Polish Foreign Ministry, Law, Justice, Croatia, Kyiv, General Assembly, Russia, Confederation, Polsat, Russia Socialist Locations: WARSAW, Poland, Kyiv, Warsaw, Russia, Ukraine, Europe, Moscow, Hungary, Slovakia, Croatia, New York, EU, Ukrainian, Bulgaria, Sofia

☆ Brazil's Lula warns United Nations of coup risk in Guatemala
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +3 min

[1/4] Brazil's President Luiz Inacio Lula da Silva addresses the 78th Session of the U.N. General Assembly in New York City, U.S., September 19, 2023. REUTERS/Mike Segar Acquire Licensing RightsUNITED NATIONS, Sept 19 (Reuters) - Brazilian President Luiz Inacio Lula da Silva warned world leaders at the United Nations on Tuesday of the prospect of a coup in Guatemala, echoing U.S. concerns about risks to democracy in the Central American country after last month's election. "In Guatemala, there is a risk of a coup, which would impede the inauguration of the winner of democratic elections," Lula told the U.N. General Assembly. Lula's comments on Guatemala were surprisingly in line with Washington for a leader who has not always seen eye-to-eye with the United States. He also attacked the International Monetary Fund for not representing poor countries and the World Trade Organization for not averting increased protectionism in the world.

Persons: Luiz Inacio Lula da Silva, Mike Segar, Lula, Bernardo Arevalo, Francisco Mora, Mora, Alejandro Giammattei, Giammattei, Arevalo, Brad Haynes, Gabriel Stargardter, Anthony Boadle, Rosalba O'Brien, Jonathan Oatis, Grant McCool Organizations: General Assembly, REUTERS, UNITED NATIONS, United Nations, Central American, General, Party, Prosecutors, Organization of American, U.S, Cuba, . Security, International Monetary Fund, World Trade Organization, Reuters, Thomson Locations: New York City, U.S, Guatemala, Washington, United States, Ukraine, New York, Sao Paulo

☆ Ukraine war live updates: Ukraine's Zelenskyy set for awkward encounter with Russians at UN; China urged to pressure Moscow
▼ + stars: | 2023-09-19 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Ukraine intends to sue Poland, Hungary and Slovakia over their restrictions on Ukrainian agricultural imports, officials said. Ukrainian Trade Representative Taras Kachka told Politico in an interview it was "important to prove that these actions are legally wrong," and that an appeal would be made through the World Trade Organization. Poland, Hungary and Slovakia on Friday announced import curbs after European Commission-led restrictions on Ukrainian imports into the countries — as well as Romania and Bulgaria — expired. The EU deal allowed products to transit via the countries but required them to be sold elsewhere. Ukraine has agreed to introduce measures intended to prevent a "surge" in EU imports, however the details have not been specified.

Persons: Taras Kachka, Viktor Orban, Saturday, Ľudovít Ódor, — Jenni Reid Organizations: Ukrainian, Politico, World Trade Organization, Reuters, Friday, Commission, EU, Slovakia's Locations: Ukraine, Poland, Hungary, Slovakia, Ukrainian, Romania, Bulgaria, Russia, Africa

☆ Amid imports dispute, Poland tells Ukraine to remember its help
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +2 min

Polish President Andrzej Duda speaks as he attends the military parade on Armed Forces Day, celebrated annually on August 15 to commemorate Poland's victory over the Soviet Union's Red Army in 1920, in Warsaw, Poland, August 15, 2023. REUTERS/Kacper Pempel/File Photo Acquire Licensing RightsWARSAW, Sept 19 (Reuters) - Ukraine should remember that it receives help from Poland, the Polish president said on Tuesday, amid a deepening dispute between the countries over agricultural imports. The ban was introduced after the countries saw a flood of cheap imports from Ukraine as it struggled to ship grain further afield. Duda said that if Ukraine filed the complaint, Poland would explain the situation before the tribunal. He underscored that the ban regarded imports but not transit of Ukrainian grain.

Persons: Andrzej Duda, Kacper, Duda, Alan Charlish, Karol Badohal, William Maclean, Mark Potter Organizations: Armed Forces, Soviet Union's Red Army, REUTERS, Rights, United Nations General Assembly, European Commission, World Trade Organization, Kyiv, Thomson Locations: Warsaw, Poland, Ukraine, New York, Slovakia, Hungary, Romania, Bulgaria

☆ Ukraine says it will sue Poland, Hungary and Slovakia over food import bans
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +3 min

KYIV, Sept 18 (Reuters) - Ukraine plans to sue Poland, Hungary and Slovakia in the World Trade Organization over bans on Ukrainian agricultural products, Ukrainian officials said on Monday. Poland, Slovakia and Hungary announced their own restrictions on Ukrainian grain imports on Friday after the executive European Commission decided not to extend its ban on imports into Ukraine's five EU neighbours. Kachka told Politico that Ukraine could also impose reciprocal measures on the import of fruit and vegetables from Poland if Warsaw did not drop its additional measures. Ukraine ships grain by train via crossings with Poland, Slovakia and Hungary. Ukraine also shipped by rail an additional 1 million tons of oils and oilseeds.

Persons: Taras Kachka, Kachka, Robert Telus, Radoslaw Fogiel, Tom Balmforth, Pavel Polityuk, Anna Wlodarczuk, Anna Pruchnicka, Timothy Organizations: World Trade Organization, Politico, Kyiv, European Union, European Commission, EU, Timothy Heritage, Thomson Locations: Ukraine, Poland, Hungary, Slovakia, Bulgaria, Romania, Warsaw, Bratislava, Budapest

☆ Taylor Swift helped lift the US economy this summer with her Eras Tour — she can't get back to the states soon enough
▼ + stars: | 2023-09-17 | by ( Cork Gaines | ) www.businessinsider.com time to read: +7 min

After five months and 53 shows, the economic impact of Swift's "The Eras Tour" was monumental and non-stop. Consider the following:"Taylor Swift's 'Eras' tour is rewriting the playbook of entertainment economics," Chris Leyden, director of growth marketing at SeatGeek told CNN. "It's no surprise that people are flocking to this Eras Tour experience in what is increasingly an otherwise digital environment we live in." AdvertisementAdvertisementOne Swiftie who spoke with Insider called their "Eras Tour" trip "a little bit concert, a little bit vacation." — Taylor Swift, who is releasing a film version of "The Eras Tour."

Persons: Taylor Swift, Swift, Taylor, Chris Leyden, SeatGeek, She's, —, Omar Vega, Alice Enders, Grace Smith, Andrew Heilmann, Robert Douglas, Cork, Oppenheimer, Klaus Vedfelt Piper, Nancy Lazar, Lazar, Barbie, — Taylor Swift, Charlie Harding Organizations: Service, CNN, Bloomberg News, Enders Analysis, World Trade Organization, MediaNews, Denver, Getty, Moody's, Cork Gaines, Bloomberg, Global, Fox News Digital, WGA Locations: Wall, Silicon, Arlington , Texas, LA, —, Hollywood

☆ The most powerful countries in the world in 2023, ranked
▼ + stars: | 2023-09-16 | by ( Thibault Spirlet | Sinéad Baker | ) www.businessinsider.com time to read: +1 min

Russia's military has been grinding and has experienced some embarrassing setbacks, with the country also increasingly isolated. US News said that some of Russia's power comes from its huge size, which is "difficult to imagine," with Russia being the largest country in the world by landmass. Its standing is also boosted as it shares borders with so many countries, as well as sea borders with Japan and the US. US News pointed to Russia's big industries like oil and natural gas production, agriculture, fishing, and manufacturing, as well as the country's history as a major weapons exporter. It also pointed to Russia's contributions to culture with its many celebrated authors, and to science with its history of space exploration.

Persons: Vladimir Putin, ILYA PITALEV Organizations: Russia, SPUTNIK, Getty Images Russia, US, News, World Trade Organization, United Nations Security Council Locations: Russia Russian, Ukraine, Russia, Japan

☆ What the West Loses by Trading With Dictatorships
▼ + stars: | 2023-09-14 | by ( Mathias Döpfner | ) www.wsj.com time to read: 1 min

Officials from the EU and China celebrate the agreement admitting China to the World Trade Organization, May 2000. Photo: Alain BUU/Gamma-Rapho/Getty ImagesIn 1989, the political scientist Francis Fukuyama declared the end of history: “What we may be witnessing is not just the end of the Cold War, or the passing of a particular period of postwar history, but the end of history as such: that is, the end point of mankind’s ideological evolution and the universalization of Western liberal democracy as the final form of human government.” Today we have to acknowledge: Fukuyama was wrong.

Persons: Alain BUU, Francis Fukuyama, Fukuyama Organizations: EU, China, World Trade Organization Locations: China

☆ Talk of deglobalization is exaggerated, says WTO's chief economist
▼ + stars: | 2023-09-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTalk of deglobalization is exaggerated, says WTO's chief economistRalph Ossa, chief economist of the World Trade Organization, discusses rising trade tensions between major economies.

Persons: Ralph Ossa Organizations: World Trade Organization

☆ Apple has a big China problem that's 22 years in the making
▼ + stars: | 2023-09-13 | by ( Cork Gaines | ) www.businessinsider.com time to read: +6 min

Consider the following:But as tensions rise between the US and China, Apple may be stuck in the middle. Visual China Group via Getty ImagesApple's dependency on China goes back 2 decadesChina was admitted to the World Trade Organization in 2001. The same year China joined the WTO, Apple began manufacturing in China. Apple turns its flirtatious eye to IndiaAs problems continue to mount in China, Apple is making a — perhaps long-overdue — shift to become less dependent on China. Apple is also increasing its production of iPhones in India but is still miles behind China in terms of both volume and speed.

Persons: Tim Cook, Apple, Luke Lloyd, Varney, Lloyd, Stuart Varney, Barack Obama, Donald Trump, Joe Biden, Evan Vucci, Tim Cook's, Goldman Sachs, Cook, Xi, There's Organizations: Apple, Service, Street Journal, China Development Forum, Visual China, Getty, World Trade Organization, WTO, Strategic Wealth Partners, Fox Business, Co, country's Communist Party, US, AP, Micron Locations: China, India, Wall, Silicon, South Carolina, AP China, iPhones

☆ George W. Bush says it was 'shocking' to learn that Yevgeny Prigozhin once served him dinner in St. Petersburg: 'All I know is I survived'
▼ + stars: | 2023-09-12 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

A photograph from 2006 shows Yevgeny Prigozhin serving dinner to then-President George W. Bush. Prigozhin was running catering for Russian leader Vladimir Putin, earning the name "Putin's chef." The former president was then asked if he thought Russian leader Vladimir Putin could "survive" the consequences of the Ukraine war if the conflict does not end in Moscow's favor. Russian leader Vladimir Putin listens to his US counterpart George W. Bush prior to a dinner 14 July 2006. In those days, Prigozhin had earned himself the nickname "Putin's chef" because he provided catering services to the Russian leader.

Persons: Yevgeny Prigozhin, George W, Bush, he'd, Prigozhin, Vladimir Putin, Yevgeny Prigozhin —, Wagner, —, It's, Laura Bush, Putin, DMITRY ASTAKHOV, US Justice Department —, Weeks Organizations: Service, Yalta European Strategy, Getty, World Trade Organization, US Justice Department, Wagner, Kremlin Locations: Wall, Silicon, Yalta, Kyiv, St . Petersburg, Russian, Ukraine, Moscow's, Russia, Constantine, Washington, Moscow, Concord

☆ Japan PM Kishida spoke about Fukushima water release with G20 leaders
▼ + stars: | 2023-09-09 | by ( Katya Golubkova | ) www.reuters.com time to read: +3 min

Japanese Prime Minister Fumio Kishida attends Partnership for Global Infrastructure and Investment event on the day of the G20 summit in New Delhi, India, September 9, 2023. Japan started releasing treated radioactive water from the wrecked Fukushima nuclear power plant into the Pacific Ocean last month, and faced harsh criticism from China which immediately banned all seafood imports from Japan. Japan says the water release is safe, noting that the International Atomic Energy Agency (IAEA) has also concluded that the impact it would have on people and the environment was "negligible." "Prime Minister Kishida explained that the data monitored since last month's (water) discharge has been made public in a prompt and highly transparent manner. The Fukushima water release was among topics at Kishida's meetings with Turkish President Tayyip Erdogan, Dutch Prime Minister Mark Rutte, Australian Prime Minister Anthony Albanese and Indian Prime Minister Narendra Modi on the sidelines of the G20 summit, Japan foreign ministry said in separate statements.

Persons: Fumio Kishida, Evelyn Hockstein, Kishida, Joe Biden, Rishi Sunak, Emmanuel Macron, Saudi Arabia's Mohammed bin Salman, Hikariko Ono, Ono, Li Qiang, Tayyip Erdogan, Mark Rutte, Anthony Albanese, Narendra Modi, Katya Golubkova, Chizu Organizations: Global Infrastructure, REUTERS, International Atomic Energy Agency, British, World Trade Organization, IAEA, Dutch, Australian, Indian, Thomson Locations: New Delhi, India, DELHI, Japan, China, Saudi, Indonesia

☆ American economic power is potent but unstable
▼ + stars: | 2023-09-08 | by ( Peter Thal Larsen | ) www.reuters.com time to read: +8 min

LONDON, Sept 8 (Reuters Breakingviews) - For the past 15 years, the iPhone has been a totem of U.S. economic power. If the country is cooling on the $2.8 trillion company, it’s a potent indicator of increasingly frosty relations with the United States. Perhaps most significantly, the U.S. government realised it could use the internet to spy on adversaries and the financial system to subdue them. The tendency of capitalism to produce a handful of giant companies, many of them headquartered in the United States, helped successive administrations exert their authority. A complete severing of economic links between China and the United States is hard to imagine.

Persons: Norman Angell, Thomas Friedman, Vladimir Putin, Edward Snowden, Henry Farrell, Abraham Newman, Johns Hopkins SAIS, Putin, Biden, ”, Farrell, Newman, Donald Trump, ” Farrell, Allen Lane, Jeffrey Goldfarb, Aditya Sriwatsav Organizations: Reuters, Apple, World Trade Organization, New York Times, National Security Agency, U.S . Treasury, Johns Hopkins, Georgetown University, WTO, Huawei, BNP, Biden Administration, Intel, U.S ., European, United, Thomson Locations: China, Beijing, United States, France, Russian, U.S, North Korea, Iran, New York, Washington, Sudan, Cuba, Ukraine, America, Russia, Germany, United, Europe

☆ Fukushima: Japan PM pledges to help fishing industry after China seafood ban
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +2 min

Fish and shrimp are seen at a seafood market in Shanghai, China August 25, 2023. REUTERS/Aly Song Acquire Licensing RightsTOKYO, Aug 31 (Reuters) - Japan's Prime Minister Fumio Kishida said on Thursday he would compile measures to help the fishing industry hit by China's ban on Japanese seafood, after visiting Tokyo's biggest fish market. "I will put together measures given the variety of opinions I heard from the fishing industry today," Kishida said to reporters following a visit to Toyosu fish market on Thursday, adding that requests included support to help fishing companies develop new sales avenues and holding discussions with China. Japan started releasing treated radioactive water from the wrecked Fukushima nuclear power plant into the Pacific Ocean last Thursday, prompting China, Japan's biggest trade partner, to impose a blanket ban on Japanese aquatic products. Fisheries Minister Tetsuro Nomura said last Friday the government would take steps to diversify Japan's fish exports for China-dependent products such as scallops.

Persons: Aly, Fumio Kishida, Kishida, Tetsuro Nomura, Sakura Murakami, Kantaro, Stephen Coates Organizations: REUTERS, Rights, Japan's, Nikkei, Fisheries, Trade Organization, Thomson Locations: Shanghai, China, Japan, Hong Kong, Tokyo, Lincoln

☆ China is doing everything it can to conceal the true extent of its economic turmoil
▼ + stars: | 2023-08-29 | by ( Linette Lopez | ) www.businessinsider.com time to read: +13 min

China's economy is turning into a big black blob. This is happening because Xi's China is one that puts ideology before economic growth. Not because the reforms weren't working, but because the China they were creating is not the one Xi wants to see. Even as the main drivers of China's economy stumble, there will be no direct support to help households power through this fragile period. Known unknownsTransparency in China's economic data has always moved the same cycles as its politics.

Persons: —, Xi Jinping, it's, Charlene Chu, Xi, who've, It's, Chu, Fan Zhang, Zhang, Xie Huanchi, thegovernment, Victor Shih, Ministry of State Security —, isn't, Shih, Linette Lopez Organizations: Communist, Autonomous Research, Nike, Starbucks, CCP, National Bureau of Statistics, Custom, J Capital Research, Study Times, Getty, World Trade Organization, Century China Center, University of California, Communist Party, Ministry of State Security, Beijing Locations: China, COVID, Xinhua, University of California San Diego, Beijing

Search resuls for: "World Trade Organization"

25 mentions found