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Business

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European Union countries on Thursday unanimously backed a plan to impose import duties on 2.8 billion euros (3.3 billion US dollars) worth of US products after Washington hit EU steel and aluminum with tariffs at the start of June,...
US President Donald Trump says his summit with North Korean leader Kim Jong-un in Singapore that ended in a joint statement was "tremendous;" but political analysts say the language on disarmament in the statement was similar to that of...
Kazakh Healthcare Minister Yelzhan Birtanov has proposed new approaches to the free medical care and medical benefits package under the compulsory social health insurance system. The new model will be implemented in three phases. In the first stage, a...
Oil prices on Thursday rose on the back of plunging exports by OPEC-member Venezuela, recovering some ground lost in the previous session, although another surge in US production still weighed on markets, traders said. Brent crude futures LCOc1 were up...
Member countries of the Shanghai Cooperation Organization have recorded increases in their trade volumes. And multilateral economic plans are being discussed to improve each country's development roadmap. Wu Guoxiu brings us more from today's SCO Business Forum in Beijing. How...
The European Union expects to hit US imports with additional duties from July, ratcheting up a transatlantic trade conflict after Washington imposed its own tariffs on incoming EU steel and aluminum. EU members have given broad support to a European...
The European Union says a "first assessment" indicated that Iran's declared intention to increase uranium enrichment capacity did not violate Tehran's commitments under a landmark nuclear agreement it signed with major world powers in 2015. A spokeswoman for the European...
Turkish President Recep Tayyip Erdogan has called on its NATO ally the US to act as a strategic partner instead of blocking its arms deals. Erdogan made remarks on Saturday in response to US plans to block F-35 sales to...
After rebounding on Wednesday, oil prices eased slightly on Thursday as investors looked to a possible rise in output when OPEC and other producers meet in June. Oil price rallied on Wednesday as Russia’s central bank expressed caution on plans...
The European Union, Canada and Mexico have pledged to match the United States which is placing tariffs on steel and aluminum imports. US Secretary of Commerce Wilbur Ross announced in Washington on Thursday that the measures would take effect from midnight (0400 GMT Friday). This...

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