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GLOBAL TRADE DISRUPTION NEWS
India proposes dedicated BRICS Virtual Working Group to combat drug traffickingIn a proactive move, India has suggested establishing a dedicated virtual working group within BRICS to address the increasingly sophistica...- Global Market: ECB says Target 2 payment system back to normal after brief processing disruptionThe European Central Bank said its Target 2 (T2) payment system resumed normal operations after a brief technical disruption delayed paymen...
- Global Market: South Korea launches 24-hour onshore dollar-won trading to boost global market appealSouth Korea has launched a 24-hour onshore dollar-won trading system, a significant move to boost currency accessibility and global appeal....
- Food prices ease in June as focus shifts from war to cropsWhile this eased immediate fears, attention is now shifting to potential challenges like lower acreage, weaker yields, and adverse weather ...
- Qatar resumes maritime operations, lifts vessel suspensionQatar has lifted its temporary ban on maritime navigation for all vessels, effective immediately. This decision reverses a suspension impos...
- Hormuz disruption, border wars choke Afghanistan's auto tradeAfghanistan's vital car parts trade in Spin Boldak has ground to a halt, crippled by escalating border conflicts with Pakistan and the rece...
- Explained: Why aluminium is emerging as manufacturers' preferred alternative to copperRecord copper prices are accelerating manufacturers' shift toward aluminium, driven by lower costs and lighter weight. Automakers are expan...
- Citi sees brent crude sliding to $60/bbl as supply fears easeGeopolitical tensions easing around the Strait of Hormuz are expected to drive Brent crude prices down to $60 a barrel by year-end, accordi...
- The 'little boy' in the Pacific, India's monsoon and the big test aheadIndia's crucial monsoon season has begun sluggishly, with a significant rainfall deficit raising concerns for the farm economy. Delayed sow...
- EU officials fear leaders will balk in confronting ChinaDespite acknowledging severe stakes, leaders struggle to agree on tangible steps to address a massive trade deficit and Chinese state subsi...
- Oil Price Today (July 2): Crude oil at $70, falls for 2nd session as US-Iran talks progress. Worst over?Brent crude futures fell 80 cents, or 1.09%, to $70.80 a barrel, while U.S. West Texas Intermediate crude declined 90 cents, or 1.28%, to $...
- ICC chief calls for digitisation of trade papers for ease of accessDigitizing international trade documents is crucial for easier global commerce and wider business access, according to ICC chairperson Hars...
- Why are oil prices down today, and will Brent futures and US WTI crude prices continue to fall or rise again? Iran-US talks, Strait of Hormuz recovery and US inventory data keep crude market under focusOil prices declined as investors watched Iran-US talks, the recovery of shipping through the Strait of Hormuz, and upcoming US inventory da...
- Oil Price Today (July 1): Crude oil above $73 as Iran rejects direct peace talks with US. Where are prices headed?Brent crude futures were up 50 cents, or 0.69%, at $73.45 a barrel at 1208 GMT. U.S. West Texas Intermediate (WTI) crude rose 63 cents, or ...
- Oil ticks higher as Iran's refusal to meet US envoys dims ceasefire hopesOil prices saw an uptick as Iran's refusal to meet U.S. envoys heightened tensions, impacting the fragile ceasefire. Despite recent decline...
- India, Japan to sign LNG supply pact at Modi-Takaichi summitIndia and Japan are poised to sign a crucial pact on securing liquefied natural gas (LNG) supplies during Prime Minister Narendra Modi's su...
- Why are oil prices up today, and will Brent and US WTI crude futures continue to rise or fall again? Oil market reacts to US-Iran talks, Strait of Hormuz developments and supply outlookOil prices posted gains during Tuesday's trading, but both Brent and US WTI crude futures remained on course for their biggest quarterly de...
- Maersk boosts outlook on stronger-than-expected container demandGlobal shipping giant Maersk expects the container market to remain strong throughout 2024, with container volumes now projected to grow by...
- AI investment boom may fuel financial risks: BISThe Bank for International Settlements (BIS) has cautioned about the financial dangers linked to the rapid growth of AI, pointing to issues...
- World MSME Day: Chemical industry seeks policy support to boost competitiveness amid global trade disruptionsIndian chemical industry leaders are urging a policy overhaul to boost competitiveness ahead of World MSME Day 2026. They highlight the nee...
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