Asia’s Manufacturing Struggles as Orders Drop and Tariffs Bite
Asia’s manufacturing sectors faced continued challenges in November, with factory activity declining across key economies amid sluggish demand. Despite some positive signs from U.S. trade negotiations, these improvements have yet to translate into a notable recovery in orders. Several purchasing managers’ indices (PMIs) released on Monday revealed varied conditions regionally:
Pakistan & Turkey to Strengthen Defence And Economic Links
On July 9, Pakistan and Turkey committed to enhancing strategic collaboration across sectors such as defense, commerce, energy, and infrastructure, with the shared objective of increasing bilateral trade to $5 billion. The understanding was formalized during top-level deliberations in Islamabad between Turkey’s Foreign Minister Hakan Fidan and Defence Minister Yasar
The US and China to Meet Up for Trade Talks on Monday
A meeting to resolve the trade war between the US and China is scheduled for Monday in London. Last Thursday, Trump and Xi Jinping had a good phone conversation over trade tensions and disputes over crucial minerals. Both countries have agreed to restart the trade in rare earth materials. Last
US-China Tariff Reduction Truce Begins for 90 Days
In a major step to alleviate economic tensions, the US and China have temporarily lifted tariffs on one another’s goods as part of a 90-day trade truce. This marks a watershed moment in the trade war between the two largest economies in the world. The U.S.-China tariff reduction deal will
Predicting Risks, Avoiding Pitfalls: AI’s Role in Redefining Trade Strategies
In 2024, AI has emerged as not just a tool but a necessity for companies and organisations to reduce their expenditure while ensuring unbiased and accurate outputs. More and more companies are using it as a vital tool for predicting potential trade conflicts by analysing huge and unstructured data sets
