UAE’s construction sector builds on stable commodity prices

Dubai Three months into the year, the UAE’s construction sector is having a much smoother ride … and it’s not just related to the pickup in activity related to the Expo 2020 works. Instead, it is the relative price stability on building materials that is offering the much needed respite. One only needs to look […]

China hopeful on US trade talks: official

BEIJING: Beijing is hopeful about its next round of trade talks with the US, China’s vice-minister for commerce said Saturday, after revealing that top negotiators had tried to hammer out a deal over burgers and eggplant chicken. China and the United States have been locked in a bruising trade war since last year, imposing tit-for-tat […]

China Feb exports tumble the most in 3 years, spur fears of ‘trade recession’

BEIJING China’s exports tumbled the most in three years in February while imports fell for a third straight month, pointing to a further slowdown in the economy and stirring talk of a “trade recession”, despite a spate of support measures. While seasonal factors may have been at play, the shockingly weak readings from the world’s […]

US hits record-breaking trade deficit: Does it really matter?

The US trade deficit reached its highest sum ever last year, defying President Donald Trump’s efforts and promises to shrink it through his economic policies. The irony is that those policies likely contributed to the deficit. Trump entered office insisting that decades of trade gaps had crushed the US economy and that he would forge new agreements […]