Month: February 2020

Global goods trade already slow; coronavirus will likely make it worse, WTO says

Global trade in goods will likely remain weak in coming months as disruptions from the coronavirus outbreak in China stanch the movement of international commerce already slowed by tariffs and uncertainty, according to the World Trade Organization. The Geneva-based body’s latest forward-looking Goods Trade Barometer stood at 95.5, compared with a level of 96.6 in…

By JohnValbyNation February 18, 2020 0

Josep Borrell: Europe’s undiplomatic envoy

MADRID — Josep Borrell has big ambitions for the post of EU foreign policy chief, and a strong temperament that could make it work — if he doesn’t alienate everyone in the process. Spain’s acting foreign minister, nominated to be the next high representative of the Union for foreign affairs and security policy, has built a…

By JohnValbyNation February 18, 2020 0

Automakers resume production in China after coronavirus freeze

Automakers, under pressure to reverse a sales slump in their biggest market, are reopening factories in China that were closed to help contain the coronavirus outbreak. Local officials have orders from the ruling Communist Party to get businesses functioning again while still enforcing anti-disease curbs that shut down much of the world’s second-largest economy. “Local…

By JohnValbyNation February 18, 2020 0