TRADE WARS - INDO DAILY

Russia counts China trade losses from coronavirus

Feb 21, 2020 (AFP)

Exports to China fell by nearly 34 percent from January 1 to February 19, according to Russian customs service data sent to AFP. Trade in grain, minerals, anima...

'Fiscal hawks' now endangered as US shrugs at debt

Feb 20, 2020 (AFP)

Eight years later, the clock has stopped under Republican President Donald Trump, and the "fiscal hawks" whose strident calls for action to contain the trillion...

IMF warns China virus hitting a fragile global economy

Feb 19, 2020 (AFP)

Beset by many other risks, including the paused but still-unresolved US-China trade war, the world is not in a good position to deal with a prolonged impact, sh...

Coronavirus slams Adidas, Puma sales in China

Feb 19, 2020 (AFP)

"Our business activity in Greater China has been around 85 percent below the prior year level since Chinese New Year on January 25," Adidas said in a statement....

UN climate talks overshadowed by UK-Scotland tensions

Feb 18, 2020 (AFP)

Some 30,000 people, including 200 world leaders, are expected at the 10-day conference in Glasgow in November for crucial talks to halt rising global temperatur...

HSBC axes 35,000 jobs as profits slump

Feb 18, 2020 (AFP)

Pre-tax profits tumbled by a third to $13.3 billion (12.3 billion euros) in 2019 from a year earlier, largely owing to a $7.3-billion write-off related to its i...

Foreign firms struggle to resume operations in virus-hit China

Feb 18, 2020 (AFP)

With many pharmaceutical companies globally sourcing from China, pharmacies may also face a shortage of antibiotics and other drugs if the epidemic is not resol...

Singapore lowers growth forecast as virus hits economy

Feb 17, 2020 (AFP)

The city-state is one of the worst affected places outside China, with 75 cases of the virus so far. China has more than 70,000 infections. Singapore downgraded...

Chanel halts Beijing fashion show over virus fears

Feb 17, 2020 (AFP)

"Considering the current situation and following the guidance of Chinese authorities, Chanel has decided to postpone its project of a replica of the Paris - 31 ...

Southeast Asia feels the burn as virus keeps Chinese tourists at home

Feb 16, 2020 (AFP)

From Luang Prabang in northern Laos to Pattaya in Thailand, Hoi An in Vietnam and the Cambodian casino town of Sihanoukville, takings have plummeted as Chinese ...

Coronavirus could damage global growth in 2020: IMF

Feb 16, 2020 (AFP)

"There may be a cut that we are still hoping would be in the 0.1-0.2 percentage space," the managing director of the International Monetary Fund, Kristalina Geo...

London Fashion Week opens under shadow of novel coronavirus

Feb 14, 2020 (AFP)

Organisers the British Fashion Council (BFC) said it expected attendance "to be significantly reduced" due to the travel restrictions imposed as a result of the...

Alibaba earnings surge 58 pct on 'Single's Day' boost

Feb 13, 2020 (AFP)

Net profit reached 52.3 billion yuan ($7.5 billion) in the October-December third quarter. Alibaba dominates China's consumer culture and its corporate results ...

Not (trade) fair: industry gatherings fall victim to coronavirus

Feb 13, 2020 (AFP)

The cancellation of the Mobile World Congress due to have been held in Barcelona later this month shows the event organisers are under intense pressure. The fou...

European Parliament ratifies EU-Vietnam trade pact

Feb 12, 2020 (AFP)

The legislature, sitting in the eastern French city of Strasbourg, gave its assent to the pact with a vote of 401 in favour, 192 against and 40 abstentions. The...

Novel coronavirus hitting global postal services: UN

Feb 12, 2020 (AFP)

"The spread of the novel coronavirus has led to the suspension of airline flights and is impacting postal operations," the Switzerland-based Universal Postal Un...

China inflation rises as coronavirus disrupts supply chains

Feb 10, 2020 (AFP)

Beijing had already been battling a slowing domestic economy before the new coronavirus emerged, disrupting businesses, travel and supply chains. The consumer p...

Coronavirus to take shine off global luxury business

Feb 07, 2020 (AFP)

Here are some facts about the importance of Chinese buyers for the world's companies making stylish and expensive things. - The luxury engine - Chinese consumer...

Embattled Credit Suisse chief Thiam steps down

Feb 07, 2020 (AFP)

"The Board of Directors of Credit Suisse Group has unanimously accepted the resignation of Tidjane Thiam and appointed Thomas Gottstein as the new CEO of Credit...

Virus won't prevent China from living up to trade deal: Mnuchin

Feb 06, 2020 (AFP)

Economists fear the virus, which has prompted businesses to close their doors and has shut down air transport which is key to the US supply chain for parts and ...