Russia’s share stood at about 34% in terms of the volume of India’s oil imports in April 2026. At the same time, India’s dependence on oil from the U.S. fell to multi-month lows in terms of both value and volume.
Hong Kong serves as an ideal platform to help Uzbek enterprises expand through its world-class professional services and international business environment, the city’s leader has told the Central Asian country’s prime minister as he wrapped up a five-day regional tour. Sources said Chief Executive John Lee Ka-chiu on Friday also invited Prime Minister Abdulla Aripov to be a keynote speaker at the coming Belt and Road Summit to be held in Hong Kong in September. It was understood that during a...
The duty exemption will help increase the availability of cotton for the Indian textile sector
China’s Minister of Foreign Affairs Wang Yi said on Friday that Canada could surpass its goal of increasing exports to China by 50 per cent by 2030 during a meeting with Canada’s Foreign Minister Anita Anand. Wang said he thought Canada’s exports to China could increase by 100 per cent, building on momentum between the countries. “Canada is focused on growing our economy and diversifying our trading relationships,” Anand said during the meeting. “The Canada-China economic relationship is...
Over 350 tonnes of mangoes sold, more than 60,000 visitors attend the 16-day fair
Twenty-six US semiconductor firms, from Qualcomm to Nvidia, saw their China revenue climb by an average of 20 per cent last year, despite trade tensions, according to a new analysis. The data, featured in the latest “Hurun Top 100 US Enterprises in China 2026” report released by the Hurun Research Institute on Monday, tracks the performance of 100 publicly listed American companies based on their revenue in China last year. Among the top 100 earners in China, 26 were from the semiconductor...
China and India are among those ramping up imports of Brazilian crude amid Strait of Hormuz disruptions.
Hike threatens an overall increase in prices of essential commodities
When Air Force One touched down in Beijing, one of the most photographed passengers was Boeing’s chief executive, Kelly Ortberg, there to close a deal. Washington had come to sell aircraft. Beijing was buying something else. The last time this scene played out in 2017, China signed an agreement for 300 Boeing aircraft. Since then, it has pursued an industrial programme aimed at reducing dependence on precisely such orders. That effort has not failed, but neither has it advanced at the pace...
U.S.’ waiver on purchasing Russian oil expired May 16
A widely touted economic hub in the Philippines will involve eight more countries, signalling greater international confidence in the long-term viability of the ambitious project to boost connectivity and trade in a key region. The Luzon Economic Corridor (LEC), a trilateral infrastructure initiative led by the US, Japan, and the Philippines, is set to receive additional support from Canada, Australia, Denmark, France, Italy, South Korea, Sweden and the United Kingdom. Initially envisioned as a...
Opposition protests over the plummeting of onion cost, NCP SP leader writes to CM
Saudi Arabia and the United Arab Emirates receive the consignment, unlocking an industrial potential of ₹50,000 crore
Officials said Koppal district has emerged as an important mango-growing region, with mango cultivation spread across more than 6,500 hectares. Kesar mango, in particular, has gained popularity among growers and consumers
The port handled 5.12 lakh metric tonnes of seafood, more than 26% of the national export volume in 2025-26
History was made this Labour Day, as China’s southern Shenzhen Bay port cleared 24 tonnes of South African apples and central Hunan province processed 6,000 bottles of South African wine – the first time these goods had reached the Asian economic giant under a new zero-tariff arrangement. The duty-free access for African partners from May 1, which saw the 10 per cent tariff rate for apples removed, arrived as a lifeline for South African exporters looking to diversify away from increasingly...
India’s cumulative investment in Africa has reached $80 billion, making it one of the major investors in the continent
China’s export sector showed strong resilience last month, with the total value of outbound shipments hitting a monthly record even as the Strait of Hormuz crisis showed little sign of abating after driving up energy and shipping costs. The value of China’s exports rose in April by 14.1 per cent, year on year, to US$359.44 billion, according to data released by the General Administration of Customs on Saturday. The reading was above the 6.96 per cent growth forecast compiled by financial data...
US Trade Representative Jamieson Greer called for stability with Beijing days before US President Donald Trump’s closely watched trip to China, saying the US was not out to reshape the Chinese economy but to rebalance trade. The trade chief told Fox News on Friday that while the world’s two largest economies “always had a really robust trading relationship … it’s been wildly unbalanced with China exporting just vast amounts of goods to the United States and largely blocking a lot of US imports...