Global Trade

Here's how global trade responded to the Russian invasion of Ukraine

Fears over Russia’s huge fossil fuels export being interrupted has led to global oil and gas prices spiking

WTO says recovery of global trade in 2021 hinges on widespread COVID-19 vaccination

While the rebound this year will be stronger than expected, WTO's growth forecast states it could slow to 4 percent in 2022.

Global trade fell 3% in first quarter of 2020 due to COVID-19, downturn to accelerate in next quarter: UN

The coronavirus pandemic has led to a three percent drop in global trade in the first quarter of 2020 and this downturn is expected to accelerate in the next quarter to project a whopping quarter-on-quarter decline of 27 percent, the UN trade body has warned

ABB Power Products posts Rs 29.18 cr net profit in March quarter; total income stands at Rs 812 cr

Last year, ABB India hived off its power grid business and created ABB Power Products and Systems India.

IMF chief economist Gita Gopinath says a very credible challenger necessary to displace US dollar's dominance

Speaking here at a WEF 2020 session on dollar's dominance, Gopinath said historically one currency has always dominated the global trade.

Davos 2020: WTO will survive but it will look different, says Roberto Azevedo amid growing call for protectionism over free trade

Amid a growing clamour among the political class for protectionism over free trade, WTO chief Roberto Azevedo on Tuesday said at the WEF Davos summit that the global trade body would definitely survive this wave but it might look different

Piyush Goyal says tit for tat to countries discriminating against Indian companies; says that's fair by global standards

Goyal said it was the Narendra Modi government's policy that if Indian companies are not allowed to do business or opportunities emerging in any country, the government would not allow them to participate in India

Trade pacts losing relevance, protectionism is becoming driving force of contemporary global treaties

The US Secretary of State Mike Pompeo’s recent visit to India prior to G-20 shows the latest challenge of foreign trade treaties.

Slowdown in global trade adversely affects economic growth: Commerce and Industry Minister Piyush Goyal

Slowdown in global trade and investment is of serious concern as it adversely affects economic growth, development and job creation, Commerce and Industry Minister Piyush Goyal has said

Rising protectionism, commodity prices, inadequate liquidity are major challenges for exporters: FIEO

Sahai said that the other two challenges include fluctuation in commodity prices and inadequate availability of credit as banks are not coming forward to lend exporters.