Topic
global commerce
Commodities Oil Prices Surge as Iran Closes Strait of Hormuz
Oil prices jumped over 2% after Iran closed the Strait of Hormuz following US military strikes. Brent crude reached $95.40 a barrel, while WTI hit $92.63. The closure impacts global oil shipments, escalating geopolitical tensions.
Trade China's Mineral Framework Sparks Importer Concerns
China's new mineral resource framework, effective June 15, 2026, raises concerns among Indian importers due to its potential impact on global supply chains. The policy, approved by Premier Li Qiang, aims to stabilize supply but may increase price volatility.
Trade China's Exports Surge 19.4% in May on Tech and EV Demand
China's exports increased by 19.4% in May, fueled by strong demand for semiconductors and electric vehicles. Exports to the US surged over 35%, marking significant growth.
Trade India Supports OMCs Amid Rising Crude Prices
The Indian government has allocated ₹1.23 lakh crore to Oil Marketing Companies (OMCs) to mitigate the impact of rising crude oil prices. This support includes an excise duty cut and is aimed at easing consumer burden during the West Asia conflict.
Trade EU Unveils Strategy to Reduce US and Chinese Tech Dependence
The European Commission has introduced a Tech Sovereignty Package to decrease reliance on US and Chinese technology. This includes the EU Chips Act 2.0, Cloud and AI Development Act, and Open Source Software Strategy. CISPE expresses concerns over potential loopholes.
Supply Chain West Asia Crisis Forces Consumer Goods Firms to Reroute Supply Chains
The ongoing crisis in West Asia has compelled consumer goods companies like Dabur, Britannia, and Tata Consumer Products to shift their manufacturing and sourcing strategies. This strategic pivot aims to mitigate supply chain disruptions caused by geopolitical tensions.
Trade India: A Base for Global Manufacturing, Says Goyal
Union Commerce Minister Piyush Goyal encourages multinational companies to view India as a manufacturing base rather than just a market. He highlights India's potential as a global supply chain hub.
Commodities Soymeal Prices Surge, Prompting Calls for Imports
The livestock industry in India is urging the government to allow the import of 1.5 million tonnes of soymeal due to a significant price surge. This demand arises from high domestic prices of soybean and maize, exacerbated by lower local production and global market conditions.
Trade India, UK Strengthen Ties with New Trade Initiatives
India and the UK have launched new initiatives to enhance cooperation in critical minerals and maritime security. These efforts aim to strengthen bilateral trade and ensure resilient supply chains.
Trade India to Finalize 2-3 FTAs in Six Months, Says Piyush Goyal
India's Commerce Minister Piyush Goyal announced plans to implement 2-3 new free trade agreements (FTAs) within the next six months. This move is part of India's broader strategy to enhance international trade relations.
Logistics AD Ports Expands into Brazil with $835m Agri-Bulk Acquisition
AD Ports Group has made its largest acquisition by purchasing Brazilian agri-bulk terminal operator CLI for $835 million. This strategic move marks AD Ports' entry into the South American market, enhancing its agrifoods business and establishing new trade links.
Trade Descartes Achieves Record Revenue Amid Trade Challenges
Descartes reported a record $194 million in revenue for its fiscal first quarter of 2027, marking a 15% increase year-over-year. The company attributes its growth to increased demand for its supply chain solutions amid a challenging global trade environment.
Trade U.S. Imposes Tariffs on 60 Nations for Forced Labor Failures
The United States has announced new tariffs up to 12.5% on 60 countries failing to curb forced labor in export goods. This move aims to protect U.S. businesses from unfair competition.
Trade US Targets 60 Nations Over Forced Labour, India Included
The US Trade Representative proposes additional tariffs on 60 countries, including India, due to forced labour concerns. The proposal, under Section 301 of the US Trade Act of 1974, suggests tariffs of 10% to 12.5% on imports.
Trade Venezuela's Rodriguez to Boost Oil Trade with India
Venezuela's interim President Delcy Rodriguez is set to visit India to discuss increasing oil imports amid Middle Eastern supply issues. Talks will cover energy, trade, and investment.
Logistics Hazardous Cargo Liability Treaty to Launch in 2027
The International Maritime Organization (IMO) has confirmed the 2027 launch of a global liability treaty for hazardous cargo. This treaty will provide compensation and legal certainty for incidents involving hazardous substances at sea.
Trade India-Canada CEPA: Piyush Goyal Sees New Trade Opportunities
Union Commerce and Industry Minister Piyush Goyal emphasized the potential of the India-Canada Comprehensive Economic Partnership Agreement (CEPA) to enhance bilateral trade. Speaking in Toronto, Goyal noted the trust between the two democracies as a catalyst for new trade and investment opportunities.
Trade Global temperatures to stay near record highs: WMO
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Trade India, EAEU Discuss Interim Trade Deal Amid Complex Talks
India and the Eurasian Economic Union (EAEU) are negotiating a limited interim trade deal, as confirmed by Russian Minister Maxim Reshetnikov. The discussions aim to establish a temporary free trade zone for specific goods, enhancing economic ties.
Trade India, US Forge Pact on Critical Minerals, Rare Earths
India and the US have signed a bilateral framework to secure the supply chain of critical minerals and rare earths. This agreement, signed during the Quad Foreign Ministers' meeting, aims to enhance cooperation in mining, processing, and recycling.
Trade Quad Commits $20 Billion to Boost Critical Minerals Supply
The Quad nations have pledged to invest $20 billion to enhance critical minerals supply chains. This initiative aims to bolster mining, processing, and recycling efforts, ensuring economic growth and security.