BRUSSELS — The European Union moved Wednesday to hike tariffs on Chinese electric vehicles, escalating a trade dispute over Beijing’s subsidies for the exports that Brussels worries is hurting domestic automakers.…
more ...G7 to warn small Chinese banks over Russia ties, sources say
Washington — U.S. officials expect the Group of Seven (G7) wealthy democracies to send a tough new warning next week to smaller Chinese banks to stop assisting Russia in evading Western…
more ...US employers add a robust 272,000 jobs in May
WASHINGTON — America’s employers added a strong 272,000 jobs in May, accelerating from April and a sign that companies are still confident enough in the economy to keep hiring despite persistently…
more ...No more chicken Big Macs – EU court rules against McDonald’s in trademark case
Brussels — McDonald’s MCD.N does not have the right to use the term “Big Mac” for poultry products in Europe after not using it for them for five consecutive years, the…
more ...US farmers opt for soy to limit losses as all crop prices slump
Chicago — Mark Tuttle planted more soy and less corn on his northern Illinois farm this spring as prices for both crops hover near three-year lows and soybeans’ lower production costs…
more ...Algeria seeks to lure tourists to neglected cultural, scenic glories
ORAN, Algeria — Algeria wants to lure more visitors to the cultural and scenic treasures of Africa’s largest country, shedding its status as a tourism backwater and expanding a sector outshone…
more ...CEOs got hefty pay raises in 2023, widening the gap with the workers they oversee
New York — The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 13% last year, easily surpassing the gains for workers at a time…
more ...Nigeria unions begin indefinite strike as economic crisis bites
Abuja, Nigeria — Nigerian unions began an indefinite strike on Monday, closing schools and public offices, impacting airports and shutting down the national power grid after talks with the government failed…
more ...OPEC+ agrees to extend output cuts to buttress oil prices
Vienna, Austria — The OPEC+ group of oil-producing nations agreed Sunday to extend their production cuts in a bid to support prices, as economic and geopolitical uncertainty looms over the market.…
more ...Next Boeing CEO should understand past mistakes, airlines boss says
DUBAI — The next CEO of Boeing BA.N should have an understanding of what led to its current crisis and be prepared to look outside for examples of best industrial practices,…
more ...US announces measures to help over 11,000 Cuban small businesses
WASHINGTON — The United States announced regulatory changes on Tuesday to increase support for the Cuban people and independent private sector entrepreneurs. The changes will enable more U.S. financial support for…
more ...Major retailers are offering summer deals to entice inflation-weary shoppers
NEW YORK — Americans who spend Memorial Day scouting sales online and in stores may find more reasons to celebrate the return of warmer weather. Major retailers are stepping up discounts…
more ...Average US vehicle age hits record of 12.6 years
detroit — Cars, trucks and SUVs in the U.S. keep getting older, hitting a record average age of 12.6 years in 2024 as people hang on to their vehicles largely because…
more ...US independent booksellers continued to expand in 2023
NEW YORK — Three years ago, Erin Decker was a middle school librarian in Kissimmee, Florida, increasingly frustrated by the state’s book bans and worried that she couldn’t make a difference…
more ...Biden releasing 1 million barrels of gasoline from Northeast reserve in bid to lower prices at pump
WASHINGTON — The Biden administration said Tuesday that it is releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy in a bid to lower prices at…
more ...China launches anti-dumping probe into EU, US, Japan, Taiwan plastics
Beijing — China’s commerce ministry on Sunday launched an anti-dumping probe into POM copolymers, a type of engineering plastic, imported from the European Union, United States, Japan and Taiwan. The plastics…
more ...Russian court freezes assets of two German banks in gas project dispute
VIENNA — A court in the Russian city of St. Petersburg has ordered the seizing of assets of Germany’s Deutsche Bank and Commerzbank in the country, the Russia state news agency…
more ...China property shares jump on report of government plans to buy homes
HONG KONG — Shares of Chinese property developers rallied on Thursday after a report that China was considering a plan for local governments across the country to buy millions of unsold…
more ...Biden quadruples tariffs on Chinese EVs
WASHINGTON — In a bid to revive domestic manufacturing, President Joe Biden announced Tuesday that he is imposing a drastic tariff increase on Chinese electric vehicles and new levies on computer…
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