Wildfires Rage Across Western U.S. As Extreme Heat Moves In
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Indonesia, US seal trade deal with 19% tariff and exemptions for goods like coffee
JAKARTA – Indonesia and the United States signed a trade pact on Feb 19, finalising a 19 per cent tariff on most Indonesian exports to the US, as well as a pledge by the South-east Asian country to purchase about US$33 billion (S$42 billion) worth of American goods. Indonesian textile exports – up to a volume to be decided – are…
Explainer: How strained China-Australia relations hit trade in coal, barley, beef and wine
Jan 6 (Reuters) – China is resuming coal trade with Australia after a three-year halt following strained relations between the two countries over wider issues. WHAT HAPPENED BETWEEN CHINA AND AUSTRALIA? China and Australia’s relations had been strained since 2018 when Canberra banned Huawei Technologies from its 5G broadband network. The relationship deteriorated further in…
Japan brings era of negative interest rates to an end with first hike in 17 years
Hong KongCNN — Japan has ended its negative interest rate policy, marking a historic shift away from an aggressive monetary easing program that was implemented years ago to fight chronic deflation. As part of the decision, the Bank of Japan (BOJ) raised interest rates for the first time in 17 years, lifting its short-term rate to…
Weekly Update by Mark Armstrong – September 30, 2022
Greetings from Tyler, We’re all seeing the catastrophic devastation along the path of Hurricane Ian. You can only imagine the emotional impact of seeing your home leveled and everything destroyed. But people have not even been able to return to pick through whatever remains. The clean-up will take years. The storm raged for some…
Guillermo Lasso: Ecuador’s President dissolves parliament
Ecuadorean President Guillermo Lasso has dissolved the opposition-controlled parliament amid an impeachment trial. He had been accused of turning a blind eye to alleged embezzlement and was facing an imminent vote that could have ousted him from office. Mr Lasso, a conservative, said the charges were politically motivated. He will now have up to six…
