trade

In Mosul Camps, Traders Profit As Aid Falls Short

By John Davison HASAN SHAM CAMP, Iraq, Nov 22  – The Iraqi Kurdish trader threw a large bag of crisp packets over the barbed wire to his Arab customer. The man counted them, bartered briefly, and money changed hands through the camp’s metal fence. A few makeshift stalls along, men haggled over cheap mobile phones

[ Read More ]

Trade in Fake Goods Has Worsened to Almost Half a Trillion Dollars

PARIS, April 18 – Counterfeited and pirated goods accounted for up to 2.5 percent of world trade, or as much as $461 billion, significantly damaging companies and state coffers, the Organisation for Economic Cooperation and Development (OECD) said on Monday. The trade in fake products such as Louis Vuitton bags or Nike shoes has also

[ Read More ]

Turkish Firms in Russia Struggle as Diplomatic Row Rages

By Alexander Winning MOSCOW, March 30 – Four months after President Vladimir Putin accused Ankara of a “stab in the back”, Turkish business executives in Russia are getting used to saying hasty goodbyes. “Every week another friend calls to say he’s leaving,” one Turkish businessman based in Moscow told Reuters. “It’s become very difficult for

[ Read More ]

Dubai Says Its Non-oil Foreign Trade Worth $263 bn During Jan-Sept 2015

DUBAI Dec. 30 – Dubai has managed to contain the impact of the instability of the global economic environment, marked by a decline in commodity prices and currency rates, to maintain a strong economic performance in 2015 writes the Government of Dubai’s Media Office. Despite the adverse impact of the recent downturn in oil and

[ Read More ]

Global Economy: A Not-Entirely-Dead Week

By Jeremy Gaunt LONDON, Dec 6  – The calm before the storm? Here comes the “dead week” before the U.S. Federal Reserve raises interest rates for the first time since June 2006 – nine and a half years ago. It will be a week of last-minute positioning by financial markets before the expected hike on Dec. 16

[ Read More ]

ASEAN Creates ‘Community’ at Summit Shadowed by Terrorism Fears

By Trinna Leong and Megha Rajagopalan KUALA LUMPUR, Nov 22 – Southeast Asian nations on Sunday established a formal community that attempts to create freer movement of trade and capital in an area of 625 million people with a combined economic output of $2.6 trillion. The Community declaration was signed by leaders of the 10-

[ Read More ]