South Africa Wine Production Drying Up In Water Crisis

South Africa is set for a steep decline in wine production in 2018 as the country grapples with a water crisis ravaging Cape Town and surrounding areas, a Paris-based global organisation said Tuesday…

China targets US, EU with rubber trade case

China announced on Thursday it would impose temporary anti-dumping measures on synthetic rubber imported from the United States, the European Union and Singapore.The case could stoke the simmering ti…

Porsche executives raided by German police in diesel probe

German police on Wednesday carried out raids on properties linked to two top Porsche executives and one ex-employee of the luxury carmaker as part of a fraud probe linked to the diesel emissions chea…

China hits US sorghum with anti-dumping measure

China announced on Tuesday that it was slapping provisional anti-dumping duties on sorghum imported from the United States amid heightened trade tensions between the world's two top economies.Fears o…

U.S. bans American companies from selling to Chinese phone maker ZTE

United States' authorities issued an order on Monday barring US exports of sensitive technology to Chinese telecom giant ZTE because of false statements made during an investigation into its illegal …

Russia's lawmakers propose bans on U.S. imports and investments

A new legislation banning imports of a large amount of US goods and services to Russia has been drafted by Russian lawmakers in response to new sanctions imposed the United States.The draft law propo…

Trump reconsiders stance on Trans-Pacific Partnership pact, a year after withdrawing the US

More than a year after withdrawing the United States of America from the Trans-Pacific Partnership signed by the Obama administration, President Trump has signalled a change of heart in his policy re…

Volkswagen to name new CEO in a bid to evolve past 'dieselgate' scandal

German car giant Volkswagen is set to replace its chief executive Matthias Mueller Thursday, as it struggles to move on from the "dieselgate" emissions scandal that has mired the company since 2015.T…

WTO warns over tit-for-tat trade wars

Global trade has seen its most rapid growth in six years, says the World Trade Organization's annual analysis.But the positive news could be put at risk by tit-for-tat tariff wars that have broken ou…

IMF's Lagarde warns Trade protectionism threatens economic growth

International Monetary Fund chief Christine Lagarde on Wednesday issued a stern warning to governments to avoid undermining global growth with protectionist trade policies.In a less than thinly-veile…

Indonesian airline acquires $6.2 billion worth of Boeing 737 airplanes

Indonesia's Lion Air is buying 50 Boeing 737 MAX 10 airplanes in a deal valued at about $6.2 billion, the firms said Tuesday, as the carrier looks to cash in on a transport boom in the Southeast Asia…

China challenges US over steel, aluminium tariffs at WTO

Beijing has requested dispute consultations with the United States at the World Trade Organization over US tariffs slapped on imports of Chinese steel and alumium products, according to a WTO documen…

Thousands of air passengers grounded in strike-hit Germany, France

Tens of thousands of air passengers were stranded Tuesday as aviation giants Lufthansa and Air France were hit by strikes that crippled traffic at several major European airports.Germany's biggest ca…

EU court backs France's decision to ban Uber service

France is entitled to bring criminal proceedings against local managers of ride-hailing app Uber for running an illegal taxi service, the EU top court ruled on Tuesday, dealing the Silicon Valley sta…

Lufthansa cancels 800 flights in German airport strikes

German airline giant Lufthansa said it will cancel "more than 800" flights on Tuesday as public-sector workers walk out on strike for more pay, hobbling major airports like Frankfurt."Lufthansa must …

China says trade talks with US 'impossible under current conditions'

China stepped up its attacks on the Trump administration on Monday over billions of dollars worth of threatened tariffs, saying Washington is to blame for frictions and repeating that it was impossib…

China urges EU to 'act together' against US protectionism

China on Friday called on the European Union to take a joint stand against US protectionism as the tit-for-tat trade rift between Washington and Beijing threatened to entangle Europe.The call to Brus…

China hits back after Trump threatens additional $100 billion in tariffs

China said Friday it is ready to pay "any cost" in a trade war after US President Donald Trump threatened an additional $100 billion in tit-for-tat tariffs on Beijing."If the US side disregards oppos…

Trudeau sees high chance of NAFTA deal with US, Mexico

Canadian Prime Minister Justin Trudeau on Thursday signalled he saw a strong chance of reaching a deal with the US and Mexico to revamp the North American Free Trade Agreement."We have a high chance …

India's Jet Airways to buy 75 Boeing jets in multi-billion dollar order

Indian airline Jet Airways has entered an agreement to buy 75 Boeing 737 MAX aircraft in a deal that could be worth more than $7 billion.The country's second-largest airline made the announcement to …