Of the food that Cuba imports, $403 million comes from the United States, $328 million comes from Argentina, and $282 million comes from Brazil. But again, not all calories are created equal. Cuba imports 85 percent of its wheat from Canada, and — perhaps most important — 80 percent of its poultry from the United States. Frozen...Read More

Facts of the Case: The petitioner sought refund of Integrated Goods and Services Tax (IGST) paid on exported goods. The Customs authorities had not processed the refund on account of errors allegedly committed while filing shipping bills and furnishing GSTR-3B returns. The petitioner relied upon an earlier interim order passed by the Gujarat High Court...Read More

Russia, India’s biggest supplier during the quarter, supplied crude at an average cost of $2,408 per tonne, while UAE crude cost $2,213 per tonne NEW DELHI: India’s crude import bill rose 26% year-on-year in the first quarter of 2026-27, despite volumes falling 18%, as the West Asia conflict disrupted supplies and pushed up oil prices.Commerce...Read More

S.Korea’s Q2 growth tops estimates, cementing expectations of further BOK rate hikes Container terminals at the Port of Busan, South Korea (File photo, courtesy of Yonhap) South Korea’s economy grew faster than expected in the second quarter, as strong semiconductor exports fueled by the global artificial intelligence boom helped drive a private consumption...Read More

Australia is only just selling more than it buys Australia still sold more goods to the rest of the world than it bought, but only just. The gap came in at $1.1bn for the quarter, the smallest since 2017 and well down on the $10.9bn recorded in the same quarter last year, Ottley said. Imports...Read More

Processing facilities at Tenke Fungurume mine in 2016 before the CMOC acquisition. (Image courtesy of Lundin Mining.) The Democratic Republic of Congo has banned exports ‌of copper concentrate and cobalt concentrate as it escalates efforts to force domestic processing and retain more value from its mineral resources, a government order reviewed by Reuters on Thursday...Read More

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New Delhi: As geopolitical developments across the Gulf continue to reshape global defence priorities, demand for long-range autonomous strike systems is accelerating. Against this backdrop, IG Defence is positioning KAL, India’s indigenous Shahed-class long-range one-way attack drone, for international export opportunities, subject to applicable Government of India approvals. Recent regional conflicts have highlighted the strategic...Read More

Norway’s technology company ECOnnect Energy has strengthened its position in the Caribbean with a deal for the use of its floating marine liquefied natural gas (LNG) infrastructure at an LNG terminal in The Bahamas. La Santa Maria platform in operation during a previous LNG discharge test in Norway; Source: ECOnnect ECOnnect Energy has signed a...Read More

Commerce and Industry Minister Piyush Goyal has said that India is targeting 2 Trillion US dollars in total exports by 2030-31, comprising 1 Trillion in merchandise exports and services exports each. Chairing a review meeting on Plan of Action for achieving 2 Trillion US dollars export target by 2030-31 in New Delhi today, Mr Goyal...Read More