In the first eight months of this year, agro-forestry-fishery exports totaled US$26.15 billion, representing a year on year drop of 0.9 percent, according to the ministry report. Export revenue of major agricultural products was estimated at nearly US$12 billion, down 3.2 percent; husbandry at US$250 million, down 25 percent; seafood products at US$5.2 billion, down 5.3 percent; and major forest products at more than US$7.8 billion, up 10.3 percent. … [Read more...] about Agro-forestry-fishery exports record trade surplus
Free trade stocks
The U.S. Labour Department report on Friday showed that U.S. employment growth slowed and permanent job losses increased as government funding started running out, raising doubts on the sustainability of the economy’s recovery. Still, the jobless rate fell to 8.4% from 10.2% in July. … [Read more...] about FOREX-Dollar steadies as traders wary about U.S. stocks, look to ECB for catalysts
The context: BP unveiled a major strategic overhaul last month to deliver on its promise of net zero emissions by 2050. The company plans a 10-fold increase in annual low carbon investments to $5 billion by 2030, when it expects its oil and gas production to have fallen by 40% on 2019 levels. … [Read more...] about The pressure is off stocks … for now
On the other hand, there is a rational basis for worrying about the state of America’s steel industry. Steel production remains a significant source of employment in the United States, and one that serves a national-security function: Relying on cheap metal from China is all well and good while the U.S. is still the dominant superpower, and Washington and Beijing are at peace; but it would be nice to keep some industrial capacity on the shelf, just in case those conditions change. If you want a quick outline of the case for Trump’s tariffs, here’s an excerpt from a report the left-leaning Economic Policy Institute released in January: … [Read more...] about Trump (Finally) Declares His Trade War
That world is Antarctica, the only continent without Covid-19. Now, as nearly 1,000 scientists and others who wintered over on the ice are seeing the sun for the first time in weeks or months, a global effort wants to make sure incoming colleagues don’t bring the virus with them. … [Read more...] about Antarctica is still free of Covid-19. Can it stay that way?