Analysts say the partial U.S.-China trade deal doesn't touch on thorny issues plaguing both sides, and warn talks could break down again.World Economyread more
Economists polled by Reuters had expected Chinese exports denominated in the U.S. dollar to fall by 3% and imports to decline by 5.2% in September, compared to a year ago.China Economyread more
The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
A technical recession occurs when there are two consecutive quarters of economic contraction.Asia Economyread more
"Deepfakes" are being used to depict people in fake videos they did not actually appear in, and can potentially affect elections, diplomacy and how markets move, experts say.Technologyread more
Chinese President Xi Jinping warned on Sunday that any attempt to divide China will be crushed.China Politicsread more
Syria's Kurds said Syrian government forces agreed Sunday to help them fend off Turkey's invasion.World Newsread more
U.S. President Donald Trump said that both sides reached a "very substantial phase one deal" that will address intellectual property and financial services concerns and...Asia Marketsread more
Hagibis dropped record amounts of rain for a period in some spots, according to meteorological officials, causing more than 20 rivers to overflow.Asia Newsread more
A spokesperson for the U.S.-backed Syrian Democratic Forces (SDF) has issued a stark warning to the international community.World Newsread more
CAMPINAS, Brazil, July 11 (Reuters) - Participants of the 2nd World Coffee Producers Forum (WCPF) said in a final declaration on Thursday that they would form a legal entity to manage actions in their quest for better pay for producers, including the launch of a platform to increase market transparency.
In the declaration, the WCPF said the platform will "aggregate and make available information and numbers to all segments of the coffee value chain, in a manner that creates transparency in business and price formulation."
Farmers complained in the forum that the lack of sufficient information regarding quality, producing costs and other data from each origin makes adequate remuneration more difficult, and leads to lower prices overall.
WCPF said it will develop mechanisms, marketing strategies and technological innovations that enable achieving remunerative prices for producers, such as "economic sustainability" and "roasted by origin" seals.
The future entity will also focus on promoting training of producers and stimulate development of strategies and campaigns to promote coffee consumption, mainly in producing countries and emerging markets.
The participants plan to hold another forum in two years. The location has yet to be decided. The first producers forum, in 2017, was held in Medellin, Colombia. (Reporting by Marcelo Teixeira; editing by Jonathan Oatis)