Browsing: trade

The European Union is preparing to impose tariffs on grain imports from Russia and Belarus under pressure from protesting farmers and some bloc members, the Financial Times reported on Tuesday, citing people familiar with the matter.

International trade is a direct reflection of the state of the global economy. Trade reveals the appetite for final goods by consumers, as well as the need for intermediate and capital goods by firms. “Thus, trade volumes fluctuate in line with the global cycles of economic expansions and contractions, and are highly informative indicators of macroeconomic conditions,” QNB said.

U.S. import prices increased marginally in February as a surge in the cost of petroleum products was partially offset by modest gains elsewhere, which bodes well for the inflation outlook.

The average diesel shipments from the Middle East to Europe reached 374 thousand barrels per day in February, the highest level in two months