Russian diamond exports to India fell by nearly 50% to 1.2 million carats in the first half of 2026. Monetary value dropped 38% to $106.5 million, despite an 8% increase in the average price per carat for gem-quality diamonds.
President Donald Trump has suspended planned 50% tariffs on Canadian goods after reaching a tentative trade deal with Canadian Prime Minister Mark Carney. The move averts duties on $20 billion worth of imports, including hockey sticks and wine.
The US and Canada agreed to suspend steep tariffs on Canadian goods until August 22 following talks between Donald Trump and Mark Carney, as negotiations continue.
Russia's agricultural exports to China increased by 44% year-over-year to $4.9 billion in the first half of 2026, driven by strong demand for Russian products in the Chinese market.
Russia's fish and seafood exports to China hit a record high in the first seven months of 2026, reaching 844,000 tons valued at over $2.4 billion. This represents a 14% increase in volume and a 54% surge in value compared to the same period in 2025.
Ecuadorian President Daniel Noboa arrived in Beijing for an eight-day state visit to negotiate the lifting of suspensions on 14 shrimp processors and seek new investments in energy and mining, marking a decade of the China-Ecuador comprehensive strategic partnership.
Japan's economy grew at an annualized 1.1% in the second quarter, missing expectations of 2% as soft domestic demand and higher energy prices from the Iran war weighed on growth, despite strong exports.
Ukraine has lost approximately $1.75 billion in export revenues due to the ongoing downtime at its major sea ports since July 22, according to calculations.
The Albanese government's proposed NDIS overhaul, aimed at curbing the $52bn program's growth by tightening eligibility and introducing independent assessments, faces criticism from cross-benchers who warn it will enable indiscriminate cuts to individual disability support budgets.
UK defence firm BAE Systems will pay a $36m civil penalty after breaching US arms export regulations over 100 times, including unauthorised technical data exports to China, Canada, and other nations.
Azerbaijan exported €48.2 million in pomegranates and products in 2025, reaching 26 countries. Despite strong growth and heritage varieties, producers face climate change, yield drops, and water scarcity.
Oil prices dropped Thursday after Energy Secretary Chris Wright reported Strait of Hormuz exports exceed independent estimates, conflicting with market assessments and ongoing Middle East tensions.
Wegen ukrainischer Angriffe auf russische Raffinerien und Moskauer Exportstopps leidet die Mongolei unter einer schweren Treibstoffkrise. Autofahrer in Ulan Bator stehen stundenlang an, die Abgabemenge ist streng rationiert.
A massive Ukrainian drone and missile strike on Russia's Black Sea port of Novorossiysk damaged grain terminals and a naval base, killing three people and injuring 24, as cross-border strikes escalate.
Months of blockades in the Strait of Hormuz push energy exporters like Saudi Arabia and the UAE to seek alternative pipelines and shipping routes, though experts warn new projects cannot solve immediate market crises.
Ukraine's grain exports are severely restricted due to Russian Black Sea attacks, Danube drought, and political resistance from EU neighbors like Poland, threatening global food price spikes.
African nations such as Zimbabwe, Namibia, and Guinea are banning raw material exports and enforcing local processing, compelling firms to invest in domestic plants.
The US administration is reviving its 'maximum pressure' economic campaign against Iran, relying on sanctions and a naval blockade after a military campaign failed to force Tehran to capitulate amid munitions shortages.
Saudi Arabia has doubled oil exports through Egypt's Sidi Kerir Mediterranean port to about 2.3 million barrels per day in August, bypassing Red Sea choke points amid Houthi maritime threats.
A US-China Business Council survey reveals the Trump administration's export-control licensing regime is costing the US billions in lost exports, with most restricted items already available in China from other suppliers, thereby undermining US competitiveness.
Russian crude oil and petroleum product exports fell by 630,000 bpd to 6.97 million bpd in July 2026, with export revenues dropping 12.5% to $13.76 billion, according to the IEA.
The US Pentagon announced a $400m conditional loan to Australian firm Sunrise Energy Metals to build the world's first primary scandium mine in Fifield, New South Wales, aiming to counter Chinese market dominance in critical minerals.
The US Senate overwhelmingly passed a bipartisan sanctions package 86-11 targeting Russian energy revenues, oligarchs, and the shadow fleet, allowing tariffs up to 500% on Russian imports and penalizing nations like China and India that buy Russian energy.
China, the world's largest producer of lab-grown diamonds, sees 65.3% export growth through Shanghai Diamond Exchange, driven by AI boom and industrial applications.
