Cybersecurity experts say that the October 10 attack on at least 14 U.S. airport websites, including those in Los Angeles and Chicago, appears to be the work of the Russian…
more ...Saudi Arabia, United States Clash Over Why OPEC+ Cut Target
Saudi Arabia rejected as “not based on facts” criticism of an OPEC+ decision last week to cut its oil production target despite U.S. objections and said on Thursday that Washington’s…
more ...US Inflation Pressures Further Intensified in September
Inflation in the United States accelerated in September, with the cost of housing and other necessities intensifying pressure on households, wiping out pay gains that many have received and ensuring…
more ...Why Companies Decide to Leave or Stay in China
Taiwan businessman Liao Chin-chang invested in factories in mainland China’s southern city of Dongguan for the last two decades, making everything from shoes to soccer balls and chemicals. Earlier this…
more ...IMF Downgrades Its World Economic Forecast
The International Monetary Fund on Tuesday downgraded its 2023 world economic outlook, citing Russia’s ongoing war against Ukraine, widespread inflationary pressures and higher interest rates boosting borrowing rates for both…
more ...Some Airport Websites Go Offline; Cause Being Investigated
The websites for some major U.S. airports went down early Monday in an apparent coordinated denial-of-service attack, although officials said flights were not affected. The attacks followed a call by…
more ...‘Best Before’ Labels Scrutinized as Food Waste Concerns Grow
As awareness grows around the world about the problem of food waste, one culprit in particular is drawing scrutiny: “best before” labels. Manufacturers have used the labels for decades to…
more ...Tesla’s China-made Sales Hit Record Following Shanghai Factory Upgrade
Electric vehicle maker Tesla Inc sold 83,135 China-made vehicles in wholesale in September, smashing its record of monthly sales in China, according to a report released Sunday by the China…
more ...US Says OPEC Oil Cuts Bad for Global Economy, Paper Reports
U.S. Treasury Secretary Janet Yellen said a decision by the OPEC+ grouping to cut oil production was “unhelpful and unwise” for the global economy, especially emerging markets, the Financial Times reported…
more ...China Lashes Out at Latest US Export Controls on Chips
China Saturday criticized the latest U.S. decision to tighten export controls that would make it harder for China to obtain and manufacture advanced computing chips, calling it a violation of…
more ...Biden Order Promises EU Citizens Better Data Privacy
U.S. President Joe Biden signed an executive order Friday designed to allay European concerns that U.S. intelligence agencies are illegally spying on them. It promises strengthened safeguards against data collection…
more ...US Aims to Hobble China’s Chip Industry With Sweeping New Export Rules
The Biden administration on Friday published a sweeping set of export controls, including a measure to cut China off from certain semiconductor chips made anywhere in the world with U.S.…
more ...US Hiring Stayed Solid in September as Employers Add 263,000
America’s employers slowed their hiring in September but still added a solid 263,000 jobs — potentially hopeful news that may mean the Federal Reserve’s drive to cool the job market…
more ...African Oil Conference Delegates React to OPEC Cuts
Delegates at Africa’s biggest oil conference have expressed concern about rising prices after the Organization of Petroleum Exporting Countries, plus nonmembers who also export oil, decided this week to cut…
more ...Biden Expresses Disappointment at Planned OPEC Oil Production Cut
U.S. President Joe Biden expressed his disappointment Thursday that OPEC+ nations intend to cut oil production targets by 2 million barrels a day but said the United States has alternatives…
more ...WTO Predicts Sharp Slowdown in Global Trade Growth
Growth in global trade flows will be dramatically lower than expected in 2023, according to a report issued Wednesday by the World Trade Organization, as Russia’s invasion of Ukraine and…
more ...OPEC Cuts Oil Production in Boost for Russia, Rebuke to Biden
The Organization of Petroleum Exporting Countries, along with Russia and other oil producers, on Wednesday slashed production by 2 million barrels a day, an action that could help Moscow pay…
more ...WTO Economists Forecast Gloomy 2023 World Trade
The World Trade Organization predicts global trade growth will slow sharply to 1 percent in 2023, down from the expected high of 3.5 percent this year. WTO economists say trade…
more ...A Musk Retweet: Tesla CEO Says He’ll Pay $44 Billion to Buy Twitter
The tumultuous saga of Elon Musk’s on-again, off-again purchase of Twitter took a turn toward a conclusion Tuesday after the mercurial Tesla CEO proposed to buy the company at the…
more ...Google Discontinues Translate Service in Mainland China
Google has ended its Google Translate service in mainland China, citing “low usage” of one of its flagship products by mainland China users. The move surprised users, who said they…
more ...UN Report: Fiscal Policies of Advanced Economies Risk Global Recession
U.N. economists warn the monetary and fiscal policies of advanced economies risk plunging the world into a recession worse than the financial crisis of 2008. UNCTAD, the United Nations Conference…
more ...US Supreme Court Will Hear Social Media Terrorism Lawsuits
The U.S. Supreme Court said Monday it will hear two cases seeking to hold social media companies financially responsible for terrorist attacks. Relatives of people killed in terrorist attacks in…
more ...Sources: OPEC+ to Consider Oil Output Cut of More Than 1 Million Bpd
OPEC+ will consider an oil output cut of more than a million barrels per day (bpd) when it meets on Oct. 5, OPEC sources told Reuters on Sunday. The figure…
more ...How Displaced Ukrainians in Poland Find Work While Benefiting Its Economy
Poland, far from being overwhelmed by the hundreds of thousands of Ukrainians seeking refuge from Russia’s invasion of their country, is seeing its economy grow, according to economists. The latest…
more ...UK Train Strikes, Energy Hikes Add to Week of Turmoil
Trains in Britain all but ground to a halt Saturday as coordinated strikes by rail workers added to a week of turmoil caused by soaring energy prices and unfunded tax…
more ...Dining in the Dark: Brussels Eateries Tackle Energy Crunch
While European Union nations are still mulling a cap on gas prices, some businesses are more in a hurry for solutions to the continent’s energy crisis. In Brussels, the epicenter…
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