FCC commissioner calls for new scrutiny of undersea data cables

WASHINGTON (Reuters) – A member of the U.S. Federal Communications Commission on Wednesday called for new scrutiny of undersea cables that transmit nearly all the world’s internet data traffic.Commissioner of Federal Communications Commission Geoffrey Starks testifies during an oversight hearing held by the U.S. Senate Commerce, Science, and Transportation Committee for the Federal Communications Commission […]

World's most stable currency shields Taiwan's vital exports

TAIPEI (BLOOMBERG) – As countries around the world struggle to shelter their economies from the effects of the coronavirus pandemic, Taiwan is seeing the opposite. Its economy is projected to grow 1 per cent this year, according to a Bloomberg survey of economist estimates, second only to China’s 2 per cent among major economies. Taiwan […]

China exports rise at fastest pace in nearly 1½ years; imports slip

BEIJING (REUTERS) – China’s exports rose for the third consecutive month in August, eclipsing an extended fall in imports, as more of its trading partners relaxed coronavirus lockdowns in a further boost to the recovery in the world’s second-biggest economy. Exports in August rose a solid 9.5 per cent from a year earlier, customs data […]

US, Taiwan seek 'like-minded' democracies in supply chain shift from China

TAIPEI (Reuters) – The United States and Taiwan said on Friday they were seeking “like-minded” democracies to join a shift in global supply chains during the coronavirus pandemic, as Washington looks to accelerate a move away from economic reliance on China. The Trump administration is taking action on multiple fronts to rebalance U.S. economic ties […]

Colorado forging direct trade ties with Mexican state of Jalisco

Gov. Jared Polis and Colorado Office of Economic Development and International Trade Executive Director Betsy Markey met virtually on Monday with Enrique Alfaro Ramírez, governor of the Mexican state of Jalisco, to set the stage for closer trade relations under the new United States-Mexico-Canada Agreement. “International partners play a vital role in Colorado’s economy and […]

U.S. consumer spending rises strongly; outlook uncertain as fiscal stimulus fades

WASHINGTON (Reuters) – U.S. consumer spending increased more than expected in July, boosting expectations for a sharp rebound in economic growth in the third quarter, though momentum is likely to ebb as the COVID-19 pandemic lingers and money from the government runs out. The report from the Commerce Department on Friday also showed a rise […]

U.S. consumer spending rises solidly; income rebounds

WASHINGTON (Reuters) – U.S. consumer spending increased more than expected in July, strengthening expectations for a sharp rebound in economic growth in the third quarter, though momentum is likely to ebb as the COVID-19 pandemic lingers and fiscal stimulus dries up. The report from the Commerce Department on Friday also showed a rise in personal […]

Hamas, Israel trade fire as Gaza flareup shows no sign of abating

Israel has bombed Gaza almost daily since August 6 as fire balloons continue to target Israeli settlements. Israeli tanks and warplanes bombed Hamas positions in Gaza on Friday and the group retaliated with rockets as a three-week flareup showed no sign of ending despite international mediation efforts. Warning sirens sounded before dawn in Israeli communities […]