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Tag: trade

Report: North Korea’s trade with China declined 80% in 2020

Report: North Korea’s trade with China declined 80% in 2020

Business
Feb. 22 (UPI) -- Two-way trade between North Korea and its biggest partner, China, fell 80.7% in 2020 amid the coronavirus pandemic, according to estimates from Seoul's Korea Trade-Investment Promotion Agency. North Korea imported about $ 491.06 million of goods from China last year, while exporting only $ 48 million of commodities and products to its neighbor, the Seoul agency's Shenyang branch said, Seoul Pyongyang News reported Monday. Two-way trade was about $ 539.06 million, reflecting a steep decline from the previous year, the report said. Advertisement Trade activity dropped significantly in February 2020, with two-way trade falling to $ 10.71 million in the immediate aftermath of the coronavirus epidemic that began in Wuhan, China. North Korea shut its 880-mile border with China ...
Lloyd’s seeks archivist to investigate slave trade links

Lloyd’s seeks archivist to investigate slave trade links

Business
Getty ImagesInsurance market Lloyd's of London is seeking an archivist who would examine its artefacts for historical links to the slave trade.It has posted an advert for an expert to investigate its collection of more than 3,000 items, including paintings, swords and furniture.It is not yet clear what will happen to the objects following the research.Last June, Lloyd's apologised for its "shameful" role in the trans-Atlantic slave trade.Lloyd's, which was founded in 1688, insured slave ships. It is often lauded as the world's leading insurance market, focusing on specialist areas, such as marine, energy and political risk.Journals published by the insurance market in the 18th and 19th Centuries also often contained advertisements for slave ships.The new recruit to the Lloyd's archives wil...
Eagles to trade Carson Wentz to Colts

Eagles to trade Carson Wentz to Colts

Sports
Feb. 18 (UPI) -- The Philadelphia Eagles have agreed to trade former No. 2 overall pick and 2017 Pro Bowl selection Carson Wentz to the Indianapolis Colts. Sources told NFL Network and ESPN on Thursday that the Colts will send a third-round pick in the 2021 NFL Draft and a second-round pick in the 2022 NFL Draft to the Eagles in exchange for the quarterback. Advertisement The second-round pick becomes a first-round pick in 2022 if Wentz takes 75% of the Colts' quarterback snaps in 2021 or if he takes 70% of the snaps and the Colts make the playoffs. Wentz, 28, completed a career-low 57.4% of his passes for 2,620 yards, 16 touchdowns and an NFL-high 15 interceptions in 12 starts last season. He completed 63.9% of his throws for 4,039 yards, 27 scores and seven interceptions in 16 starts in...
Post-Brexit trade: ‘If you don’t speak French, you’re stuffed’

Post-Brexit trade: ‘If you don’t speak French, you’re stuffed’

Business
PA MediaMore than a month after the UK's post-Brexit trade deal with the EU came into force, complaints from British importers and exporters continue to mount.Rules of origin for products that are imported into the UK, then exported to the EU are causing difficulty for some firms.Others are caught up in the complexity of VAT issues, while the time and trouble taken to get merchandise through customs remains a hassle.Small wonder, then, that according to a survey by the Road Haulage Association, Brexit-related problems caused the volume of exports passing through British ports to the EU to fall very sharply last month compared with a year ago.A government spokesperson admitted that some businesses are "facing challenges with specific aspects of our new trading relationship" and promised to ...

Trade unions call for two rounds of nationwide protests this month against privatisation

Finance
NEW DELHI: Trade unions representing the insurance and public sector banking sectors have decided to hit the path of agitation, starting with two rounds of national protests this month, against the budgetary proposals for privatisation in the insurance sector by increasing foreign direct investment (FDI) limit to 74% from 49% and for selling one insurance company and two public sector banks. Union leaders said they were considering holding joint agitations. All India LIC Employees Federation general secretary Rajesh Kumar and K Govindan, general secretary of the Joint Forum of Trade Unions and Associations in Public Sector General Insurance Companies told ET separately that both the unions have held respective preliminary discussions and have chalked out further action plans, including emp...