The OECD warned Wednesday that the world economy will pay a “hefty price” for Russia’s invasion of Ukraine as it slashed its 2022 growth forecast and projected higher inflation. The…
more ...World Bank Warns of Global Economic Slowdown, More Inflation
The World Bank on Tuesday said the world is entering “a protracted period of feeble growth and elevated inflation,” as it cut global growth forecasts by 1.2% to 2.9% for…
more ...LogOn: Robot Software Makes Machinery ‘Smart’
Robots have long been used in manufacturing and other applications that need precise, fast and repeatable tasks. But making smart robots takes software. From Boulder, Colorado, Shelley Schlender reports. …
more ...White House Confident Ahead of Americas Summit Despite Mexico Boycott
White House says summit of American states will make progress despite boycotts by Mexican president and others over refusal to invite Cuba, Nicaragua, Venezuela …
more ...On Broadway, More Visibility, But Also an Unseen Threat
At a lunch for Tony Award nominees last month, veteran theater producer Ron Simons looked around and smiled. It seemed appropriate that the gathering was held at The Rainbow Room. …
more ...Musk Threatens to Kill Twitter Deal Over Fake Account Data
Elon Musk accused Twitter of “actively resisting and thwarting his information rights,” as the Tesla founder attempts to get information about fake and spam accounts on the platform. The accusation…
more ...Beirut to Invite US Envoy for Maritime Talks After Spat with Israel
Lebanon said on Monday it would invite a U.S. mediator to Beirut to continue negotiations over a disputed maritime boundary with Israel to prevent any escalation after accusing Israel of…
more ...Sources say Biden to Use Executive Action to Spur Solar Projects Hit by Probe
President Joe Biden will use executive action on Monday to help bridge a solar panel supply gap and kickstart stalled U.S. projects after an investigation froze imports from key foreign…
more ...Biden Faces Pressure About Rising Costs, Inflation
Job growth is strong, wages are up, but May inflation was 8.3%, down slightly from its decades-high of 8.5% reported in April …
more ...Autonomous Mayflower Reaches American Shores — in Canada
A crewless robotic boat that had tried to retrace the 1620 sea voyage of the Mayflower has finally reached the shores of North America — this time in Canada instead…
more ...Commerce Secretary: US Mulls Lifting Some China Tariffs to Fight Inflation
U.S. Commerce Secretary Gina Raimondo said on Sunday that President Joe Biden has asked his team to look at the option of lifting some tariffs on China that were put…
more ...Biden Says US Job Numbers for May Reflect Strong Economic Foundation
U.S. President Joe Biden Friday used the May jobs report to promote his efforts to boost the economy and fight inflation by lowering the cost of goods and the federal…
more ...Biden Decides on Saudi Visit as OPEC+ Boosts Oil Production
President Joe Biden has decided to travel to Saudi Arabia in the coming weeks and is expected to meet with the kingdom’s crown prince, whom he once shunned for his…
more ...Musk Feels ‘Super Bad’ About Economy, Needs to Cut 10% of Tesla Jobs
Tesla CEO Elon Musk has a “super bad feeling” about the economy and needs to cut about 10% of jobs at the electric carmaker, he said in an email to…
more ...COVID Helps ‘Made in USA’ Goods Compete With Chinese Exports
As China’s COVID-containment lockdowns stall goods en route to price-conscious U.S. consumers, New Jersey manufacturer Mitch Cahn is finding traces of gold in the snapped links of the global supply…
more ...US Prepares to Block Most Imports Tied to China’s Xinjiang Province
The Chinese Foreign Ministry reacted angrily on Thursday to the announcement that, later this month, the Biden administration will begin enforcing a new law barring products made with forced labor…
more ...Explainer: What Is Bitcoin Mining?
For many, grasping the concept behind cryptocurrencies is difficult enough. But let’s try to take a closer look into how they work. Matt Dibble explains. …
more ...Big Data and Farmers Create Instant Wetlands to Help Migrating Birds
Guided by data from a bird-watching app, conservationists and farmers are creating instant wetlands for birds travelling thousands of miles. Matt Dibble has the story …
more ...India Allows Small Amount of Wheat to Move Out After Ban, Big Stocks Still Stuck
India has allowed wheat shipments of 469,202 tons since banning most exports last month, but at least 1.7 million tons is lying at ports and could be damaged by looming…
more ...US Needs More Baby Formula Makers, Biden Tells Manufacturers
U.S. President Joe Biden met with major manufacturers of infant formula on Wednesday, and suggested their ranks should grow, as his administration presses ahead with efforts to boost imported supplies…
more ...US, Taiwan Launch New Trade Pact
The U.S. launched a new trade pact with Taiwan on Wednesday, hoping to forge closer economic ties with the island territory that China claims as its own, while blunting Beijing’s…
more ...Small US mask makers struggle as federal aid, demand shrinks
In the spring of 2020, as COVID-19 spread throughout the world in ways not fully understood, the United States faced a critical shortage of protective masks. Dozens of manufacturing startups…
more ...Nigerian Manufacturers Struggle with Wheat, Energy Shortages
Nigerian manufacturers say they are struggling with rising grain prices, especially for wheat, sparked by Russia’s war on Ukraine. But even before the war started in February, Nigeria had been…
more ...
