international-trade
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TechnologyFrom Volatility to Value – How Hedging Technology Is Helping Businesses Manage Exchange Rate Risk
Top StoriesTaiwan Adds Belarus to Export Control List Due to Ukraine War
Ukraine Hopes to Boost Export Capacity by 50% in Coming Months
Date: May 6, 2022
KYIV (Reuters) – Ukraine hopes to grow export capacity by 50% in the next few months by expanding facilities on its western border, but it will still be far short of pre-war levels, the deputy infrastructure minister said on Friday. More than ten seaports carried 75% of Ukraine’s foreign trade, but they were closed after...
Chinese, Russian Cenbanks to Discuss Use of National Payment Systems
Date: May 5, 2022
(Reuters) – The Chinese and Russian central banks will discuss the use and promotion of their respective national payment systems in both countries, Beijing’s envoy to Moscow told the TASS news agency in an interview published on Thursday. “Regarding the promotion and use of the Mir and China UnionPay national payment systems in both countries,...
Germany’s Pck Schwedt Refinery Faces Output Cuts Without Russian Oil
Date: May 5, 2022
LONDON (Reuters) -Germany’s 233,000 barrel-per-day PCK Schwedt refinery is set to reduce output as it stops using Russian oil, which it now receives via the Druzhba pipeline, the chief executive of its minority shareholder Shell said on Thursday. PCK Schwedt, majority-owned by Russia’s Rosneft, supplies Berlin and large parts of eastern Germany with gasoline, diesel...
Global Ecommerce: 5 Tips for Expanding Your Online Business Globally
Date: May 5, 2022
Cross-border eCommerce is booming, and it’s set to become a significant growth driver for online merchants in the coming years. According to a recent McKinsey report, 1.8 billion individuals will join the consuming class by 2025, spending $30 trillion yearly. Buyers will have better access to companies worldwide, including yours, as the internet becomes more...
Why Nopec, the U.S. Bill to Crush the OPEC Cartel, Matters
Date: May 5, 2022
By Timothy Gardner WASHINGTON (Reuters) -A U.S. Senate committee is expected to pass a bill on Thursday that could open members of the Organization of the Petroleum Exporting Countries and its partners to antitrust lawsuits for orchestrating supply cuts that raise global crude prices. The No Oil Producing and Exporting Cartels (NOPEC) bill is intended...
Explainer-Why the EU May Find It Tough to Squeeze Out Russian Oil
Date: May 5, 2022
By Rowena Edwards and Bozorgmehr Sharafedin LONDON (Reuters) – The European Union has proposed a phased embargo of Russian oil but could find it tricky to implement, given Europe’s complex distribution network and challenges in tracking crude once it is blended or refined. The plan, if agreed by member states, would take effect in six...