Trade War

UAE formally ends Israel boycott amid US-brokered deal

The announcement now allows trade and commerce between the UAE, home to oil-rich Abu Dhabi and skyscraper-studded Dubai, and Israel, home to a thriving diamond trade, pharmaceutical companies and tech start-ups.

Apple partner Foxconn mulls new factories for Mexico, not China

Reuters reporting exclusively that Taiwan-based electronics manufacturers Foxconn and Pegatron are among companies eyeing new factories in Mexico, people with direct knowledge of the matter said, as the U.S.-China trade war and coronavirus pandemic prompt firms to reexamine global supply chains.