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Tag: trade

Dow futures drop 300 points at the open as US-China trade war escalates

Dow futures drop 300 points at the open as US-China trade war escalates

Finance
Traders work on the floor of the New York Stock Exchange.Brendan McDermid | ReutersU.S. stock futures fell sharply at Sunday night's open following the latest escalation in the U.S.-China trade war by President Donald Trump.Dow Jones Industrial Average traded 319 points lower, indicating a drop of 261 points at Monday's open. S&P 500 and Nasdaq 100 futures pointed to 1% drops for both indexes.Trump tweeted Friday after the market close that the U.S. will raise tariffs on $ 250 billion worth of Chinese goods to 30% from 25%. Tariffs on another $ 300 billion in Chinese products will also go up to 15% from 10%, he said. The levies on the $ 250 billion worth of goods are scheduled to kick in Oct. 1, while the duties on the $ 300 billion are set to go into effect in two stages on Sept. 1 an...
Giraffes given greater protection from unregulated trade as numbers fall

Giraffes given greater protection from unregulated trade as numbers fall

Science
Giraffe conservation has taken a big step forward with the world's tallest mammals receiving enhanced protection from unregulated trade.The move will regulate the trade in giraffes and their body parts under the Convention on International Trade in Endangered Species (CITES).The vote was overwhelmingly approved, although some countries opposed it.Giraffe numbers in Africa have fallen by 40% in the past 30 years, in what is being called a "silent extinction".The importance of giraffesThe mammals are largely targeted for bushmeat but body parts are also used to make products including jewellery, bracelets and purses, the proposal stated. The motion came from the Central African Republic, Chad, Kenya, Mali, Niger and Senegal, where ...
Freeports plan unveiled to boost post-Brexit trade

Freeports plan unveiled to boost post-Brexit trade

Business
By Jon Craig, chief political correspondent Plans to create up to 10 duty-free or low-tax ports and airports across the UK – promised by Boris Johnson in his Tory leadership campaign – are being launched by the government.Liz Truss, the new International Trade Secretary, is creating a new Freeports Advisory Panel to advise the government on setting them up in areas such as Teesside, Aberdeen, and Belfast. The government aims to create the first new freeports after the UK leaves the EU and claims they will "turbocharge" growth and ensure towns and cities across the UK benefit from a Brexit trade boost."Freedoms transformed London's Docklands in the 1980s and freeports will do the same for towns and cities across the UK," said Ms Truss, who succeeded Li
Cleveland Indians dealing Trevor Bauer to Cincinnati Reds in 3-team trade

Cleveland Indians dealing Trevor Bauer to Cincinnati Reds in 3-team trade

Sports
July 30 (UPI) -- The Cleveland Indians are trading All-Star pitcher Trevor Bauer to the Cincinnati Reds in a blockbuster deal. League sources told ESPN and MLB.com on Tuesday that Bauer is headed to the Reds as part of a three-team trade that includes the San Diego Padres. The Indians are acquiring outfielders Yasiel Puig and Franmil Reyes and left-hander Logan Allen, while the Padres will add OF prospect Taylor Trammell. The clubs haven't confirmed the deal. Bauer, who made his first All-Star Game in 2018, has a 9-8 record with a 3.79 ERA and 185 strikeouts in 24 starts this season. The 28-year-old pitcher is making $ 13 million this season and isn't a free agent until after the 2020 campaign. Earlier Tuesday, MLB informed Bauer that he would be fined, but not suspended, after angrily t...
US companies are increasingly interested in China’s big import event despite trade war

US companies are increasingly interested in China’s big import event despite trade war

Finance
Giant Panda statues at the China International Import Expo (CIIE) — held from Nov. 5 to Nov. 10, 2018 at the National Exhibition and Convention Center in Shanghai, China.Fu Tian | China News Service | Visual China Group via Getty ImagesBEIJING — American companies remain keen on tapping business opportunities in China, despite the trade tensions between the two countries.More U.S. companies than last year plan to participate in this November's China International Import Expo, Ren Hongbin, assistant minister of commerce and deputy director of the expo's organizing committee office, said Friday at a press event.China's first such import expo was held in Shanghai last year in a bid to boost the country's profile as a buyer of the world's goods, rather than the role of exporter, which it has h