Browsing: trade imbalance

China and EU trade chiefs set for Brussels talks

Business June 24, 2026

BRUSSELS, BELGIUM / MENA Newswire / – Chinese Commerce Minister Wang Wentao will visit Brussels on Monday, June 29, for…

Data show Trump trade war failed to cut US China trade gap

Business January 17, 2026

WASHINGTON: More than seven years after President Donald Trump launched sweeping tariffs on Chinese goods, official data and widely cited economic studies show…

Porsche to cut 5000 more jobs under restructuring plan

Automotive July 28, 2026

The decision brings total planned job eliminations across the company to approximately 9,000 positions, representing roughly 21 percent of its 42,066 workforce. Company leadership confirmed that Porsche to cut 5,000 more jobs under restructuring plan negotiations following months of talks between management and labor councils. The initiative aims to bolster operational efficiency as the vehicle producer confronts declining market share in Asia, elevated global tariffs, and sluggish demand for electric vehicles.