Global trade

FILE - In this Nov. 29, 2018, file photo, victims of Japan's forced labor and their family members arrive at the Supreme Court in Seoul, South Korea. Colonial-era Korean laborers on Tuesday, July 16, 2019, are seeking a court's approval for the sales of local assets of their former Japanese employer after it refused to comply with a court order to compensate them for forced labor decades ago. The sign reads "Mitsubishi Heavy Industries should compensate and apologize to victims of forced labor." (AP Photo/Ahn Young-joon, File)
July 16, 2019 - 6:41 am
SEOUL, South Korea (AP) — Colonial-era Korean workers want a court to allow the South Korean government to sell assets of their former Japanese employer so they can be compensated for forced labor decades ago. The development comes as South Korea and Japan spar over historical issues and a decision...
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South Korean small and medium-sized business owners stage a rally calling for a boycott of Japanese products in front of the Japanese embassy in Seoul, South Korea, Monday, July 15, 2019. South Korea and Japan last Friday, July 12, failed to immediately resolve their dispute over Japanese export restrictions that could hurt South Korean technology companies, as Seoul called for an investigation by the United Nations or another international body. The signs read: "We don't sell Japanese products." (AP Photo/Ahn Young-joon)
July 15, 2019 - 4:48 am
SEOUL, South Korea (AP) — In his strongest comments yet on a growing trade dispute, South Korea's president urged Japan on Monday to lift recently tightened controls on high-tech exports to South Korea, which he said threaten to shatter the countries' economic cooperation and could damage Japan...
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South Korean President Moon Jae-in speaks during a meeting with business leaders at the presidential Blue House in Seoul, South Korea, Wednesday, July 10, 2019. Moon criticized comments by Japanese officials who questioned the credibility of Seoul’s sanctions against North Korea while justifying Tokyo’s move to strengthen controls on high-tech exports to South Korea, which triggered a full-blown diplomatic dispute between the neighboring U.S. allies. (Bae Jae-man/Yonhap via AP)
July 10, 2019 - 9:31 am
SEOUL, South Korea (AP) — South Korean President Moon Jae-in on Wednesday criticized comments by Japanese officials who questioned the credibility of Seoul's sanctions against North Korea while defending Tokyo's stricter controls on high-tech exports to South Korea. The issue has become a full-...
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European Commissioner for Economic and Financial Affairs Pierre Moscovici, left, speaks with European Commissioner for Migration and Home Affairs Dimitris Avramopoulos during the weekly college meeting at EU headquarters in Brussels, Wednesday, July 3, 2019. (AP Photo/Virginia Mayo)
July 10, 2019 - 4:49 am
BRUSSELS (AP) — The European Union said Wednesday it has trimmed its forecasts for economic growth next year as global trade tensions weigh on the bloc's export-focused manufacturers. The EU executive commission reduced its forecast for next year for both the 19-country eurozone and the 27...
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Notices campaigning for a boycott of Japanese-made products are displayed at a store in Seoul, South Korea, Tuesday, July 9, 2019. Japan said Tuesday it does not plan to retract or renegotiate its stricter controls on high-tech exports to South Korea, a day after the South Korean president urged that the issue be resolved through diplomacy. The signs read: "We don't sell Japanese products." (AP Photo/Ahn Young-joon)
July 09, 2019 - 5:14 am
TOKYO (AP) — Japan said Tuesday it does not plan to retract or renegotiate its stricter controls on high-tech exports to South Korea, a day after the South Korean president urged that the issue be resolved through diplomacy. Tokyo tightened the approval process for Japanese shipments of...
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South Korean Trade, Industry and Energy Minister Sung Yun-mo, center, speaks during a meeting at Korea Trade Insurance Corporation in Seoul, South Korea, Monday, July 1, 2019. South Korea plans to file a complaint with the World Trade Organization over Japan's imposition of restrictions on its exports of key technology materials to South Korea. Sung said Monday that the Seoul government sees Japan's move as retaliation against South Korean court rulings ordering Japanese firms to compensate South Korean plaintiffs over forced labor during World War II.(Ahn Jung-won/Yonhap via AP)
July 02, 2019 - 2:11 am
TOKYO (AP) — Japan has defended its decision to impose export restrictions on South Korea, citing national security concerns and its international duty to keep tabs on sensitive technology transferrable for military uses. Yoshihide Suga, the chief Cabinet secretary, said Tuesday that the move was...
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FILE - In this May 10, 2012 file photo, a model poses with a 55-inch Samsung OLED, or organic light-emitting diode, TV during a press conference in Seoul, South Korea. Japan is imposing restrictions on exports to South Korea, citing a decline in "relations of international trust" between the Asian neighbors. South Korea’s Samsung Electronics, the world’s biggest maker of memory chips and smartphones and a major producer of display panels, said it’s assessing how the Japanese import restrictions could possibly influence its business. (AP Photo/Ahn Young-joon, File)
July 01, 2019 - 3:15 am
TOKYO (AP) — Japan is imposing restrictions on exports to South Korea, citing a decline in "relations of international trust" between the Asian neighbors. The Ministry of Economy, Trade and Industry said a review soliciting public comments starts Monday on the move to effectively remove South Korea...
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FILE - In this Dec. 18, 2018 file photo, Argentina's President Mauricio Macri speaks as the new pro tempore president of Mercosur, flanked by Uruguay's Foreign Affairs Minister, Rodolfo Nin, left and Uruguay's President Tabare Vazquez, right, at the 53rd Mercosur Summit in Montevideo, Uruguay. Argentina's Foreign Ministry said in a statement Friday, June 28, 2019, that South America's Mercosur trade bloc has struck a "strategic association" trade deal with the European Union, clinched in the Belgian capital of Brussels following two decades of negotiations. The Mercosur bloc includes Argentina, Brazil, Paraguay and Uruguay. (AP Photo/Matilde Campodonico, File)
June 28, 2019 - 9:31 pm
BUENOS AIRES, Argentina (AP) — South America's Mercosur bloc and the European Union struck a free-trade deal Friday after two decades of negotiations that concluded amid global trade tensions and rising protectionism. The agreement announced by both sides came as trade talks between the EU and the...
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President Donald Trump waves after arriving at Osaka International (Itami) Airport, in Osaka, Japan, Thursday, June 27, 2019. Trump is in Osaka to attend the G20 summit. (AP Photo/Susan Walsh)
June 27, 2019 - 5:42 am
OSAKA, Japan (AP) — Trade and geopolitical tensions, and the looming threat of climate change, are on the agenda as the presidents of the United States and China and other world leaders gather in Osaka, Japan, for a summit of the Group of 20 major economies. While prospects for detente in the trade...
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Bank of England Governor, Mark Carney talks with British Chancellor of the Exchequer Philip Hammond during the G20 Finance Ministers and Central Bank Governors Meeting, Saturday, June 8, 2019, in Fukuoka, Japan. (Kim Kyung-hoon/Pool Photo via AP)
June 20, 2019 - 7:58 am
LONDON (AP) — The Bank of England kept its main interest rate on hold at 0.75% on Thursday and warned that a combination of Brexit worries and global trade tensions was weighing on growth. All nine members of the Monetary Policy Committee backed the decision to not change rates. There had been some...
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