international-trade
BusinessUK ‘will Think Carefully’ on Retaliating if Hit by Trump Tariffs, Business Minister Tells Ft
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Analysis-China Automakers Pivot to Hybrids for Europe to Counter Ev Tariffs
Date: December 5, 2024
SHANGHAI (Reuters) – Automakers in China are ramping up exports of hybrid vehicles to Europe and planning more models for the key market, exposing the limits of the European Union’s electric vehicle tariff scheme. The bloc’s latest EV tariffs to protect its auto industry from a flood of cheap Chinese imports do not apply to...
Analysis-German Gas Levy Limbo Raises Risk of Higher Costs for Edgy Neighbours
Date: December 4, 2024
By Vera Eckert FRANKFURT (Reuters) – The collapse of Germany’s governing coalition risks delaying a draft law on waiving a costly gas storage levy for foreign buyers from next year and raising tension with European neighbours that face higher prices. Supply security is already worrying European governments as cold weather has pushed gas prices to...
Dollar Rides High on Flagging Euro and Yuan
Date: December 3, 2024
SINGAPORE (Reuters) -The dollar was buoyant on Tuesday as political turmoil in France undermined the euro, while tariff risks and weakness in China’s economy pushed the yuan to a 13-month low. The resurgent yen retreated slightly but remains near six-week peaks on the dollar, as traders are growing in confidence that Japan may hike rates...
Number of Migrants Reaching Spain’s Canary Islands Breaks All-Time Record
Date: December 3, 2024
MADRID (Reuters) – The number of migrants reaching Spain’s Canary Islands on precarious vessels from West Africa has hit an all-time annual record with 41,425 arrivals between Jan. 1 and Nov. 30 of this year, Interior Ministry data showed on Monday. The seven islands off northwestern Africa’s Atlantic coast are struggling to absorb the surge...
US Lng Exports to Europe Surge in November on Higher Prices
Date: December 3, 2024
By Curtis Williams HOUSTON (Reuters) – U.S. LNG exports to Europe surged in November as the world’s largest producer of the superchilled gas sent more cargoes to the continent and fewer to Asia and Latin America, according to preliminary data from financial firm LSEG. European natural gas prices climbed in November to their highest levels...
Asml Not Changing Guidance After New US Crackdown on China Chip Exports
Date: December 3, 2024
By Toby Sterling AMSTERDAM (Reuters) -Computer chip equipment maker ASML said it does not expect new U.S. restrictions on semiconductor exports to China, announced on Monday, to affect its most recent financial guidance. Separately, the Dutch government said it shares U.S. security concerns on the export of advanced semiconductor making tools, and it its studying...