The state-run news agency APS recently reported that Algeria has banned the export of food items such as sugar, vegetable oil, pasta, semolina, and wheat derivatives. A meeting of the Council of Ministers led to the declaration. A presidential decree prohibits Algerian commercial operators

According to government data, India’s gold imports rose by 6.4 percent to USD 12.9 billion during April-July this fiscal due to healthy demand. A year ago, the country imported USD 12 billion. According to the latest data released by the commerce ministry, imports of

During June, UK exports of pig meat totaled 16,800 tonnes, down 4,900 tons (22%) from May and 1,500 tons (8%) from a year earlier. Shipments to the EU decreased by 500t (4.2%) to 10,600t in June as lower volumes were sent to Germany, Denmark

The Turkish central bank lowered its key interest rate despite inflation surging to nearly 80% and making it difficult for people to buy necessities.Turkey’s central bank lowered its key interest rate on Thursday despite inflation surging to nearly 80% and making it difficult for

The COVID-19 pandemic is causing Japanese companies to temporarily close offices or suspend production, disrupting businesses in a country that has so far managed to weather the pandemic better than most advanced nations.  A number of production line shifts were halted by Toyota Motor

Uganda will buy power from neighboring Kenya to stabilize the supply after floods shut down the 183-megawatt Isimba plant last week. In a statement, Energy Minister Ruth Nankabirwa Ssentamu said the East African country will purchase 60 megawatts from Kenya and restart an idled

To boost trade links, the UK is cutting import taxes on hundreds more products from poor countries. The Developing Countries Trading Scheme enters into force in January and builds on a scheme the UK participated in while still a member of the EU. Tariffs

As refiners ramped up purchases of rival soy oil to take advantage of New Delhi’s move to allow duty-free imports of the vegetable oil to calm all-time high prices, India’s palm oil imports fell 10% in July. As the world’s largest edible oil importer