Many businesses rely on fast shipments by sea and land to get the components they need to make and distribute their products. But backups at U.S. ports and slowdowns in…
more ...Twitter Opts for ‘Poison Pill’ to Repel Elon Musk Takeover
Twitter’s board of directors on Friday voted unanimously to use a tactic called a “poison pill” to fend off Elon Musk’s attempt to take over the company. In such a…
more ...US Set to Include Ukraine in G-20 Agenda
The Biden administration appears set to discuss the international economic impact of the Russian invasion of Ukraine and, potentially, Ukraine’s reconstruction as part of the November G-20 summit agenda. White…
more ...Texas, Mexican Governors OK Deal to Return Border Truck Traffic to Normal
Commercial truck traffic from the Mexican state of Chihuahua to Texas will return to normal immediately after both sides reached an agreement on border security, Texas Governor Greg Abbott said…
more ...Musk Spells Out How He Would Change Twitter
Hours after announcing his $43 billion hostile takeover bid for Twitter, business magnate Elon Musk laid out some of his goals for the social media giant, including an edit button…
more ...Elon Musk Offers to Buy Twitter
Businessman Elon Musk has offered to buy Twitter, saying the social media giant “needs to be transformed as a private company.” “I invested in Twitter as I believe in its…
more ...Yen Drops to 20-Year Low Against Dollar
The yen hit its lowest level against the dollar in two decades on Wednesday, extending recent falls as the gap widens between Japan’s ultra-loose monetary policy and U.S. tightening. Despite…
more ...Russian Netflix Users Sue Streaming Giant for Leaving Market – RIA
Russian users of Netflix NFLX.O have launched a class action lawsuit against the streaming giant for leaving the Russian market, demanding 60 million roubles ($726,000) in compensation, the RIA news…
more ...Former California Executive Gets Prison for $1 Billion Solar Fraud
A former energy executive in California who took part in $1 billion solar power fraud that bilked Warren Buffett’s company and many others was sentenced Tuesday to six years in…
more ...Elon Musk Accused of Breaking Law While Buying Twitter Stock
Elon Musk’s huge Twitter investment took a new twist Tuesday with the filing of a lawsuit alleging that the colorful billionaire illegally delayed disclosing his stake in the social media…
more ...US Crypto Researcher Sentenced for Helping North Korea Evade Sanctions
A former researcher at a high-profile cryptocurrency group was sentenced to five years and three months in prison on Tuesday for conspiring to help North Korea evade U.S. sanctions using…
more ...US Almond Growers Face Shipping Hurdles
Backups at U.S. West Coast ports and supply chain problems in rail and trucking have hurt American exports and limited the choices of international consumers. For one farm commodity, California almonds, the…
more ...US Consumer Prices Surge at Fastest Pace in 40 Years
U.S. consumer prices jumped 8.5% in March compared to a year ago, the biggest annual surge in more than 40 years, the government reported Tuesday. Price increases hit American consumers…
more ...Companies and Celebrities Jump into NFT Craze
The world of nonfungible tokens, or NFTs is getting a boost from companies and celebrities, who are making the digital products. But the nascent technology comes with risks. Tina Trinh…
more ...German Gas Reserves Can Last Until Late Summer, Says Regulator
Germany’s gas reserves would last until at least late summer should Russian supplies stop now, the network regulator said on Tuesday, warning pressure on the European Union to ban Russian…
more ...What Global Supply Chain Disruptions Mean for Consumers
The war in Ukraine and sanctions on Russia are causing even more stress in an already strained global supply chain brought on by the pandemic. To see what this means…
more ...South Africa’s $2 Billion Citrus Industry Sours With Lost Exports to Russia
Russia’s invasion of Ukraine has left a sour taste for South Africa’s citrus farmers, who are facing millions of dollars in losses due to sanctions that have closed off the…
more ...Twitter’s Top Shareholder Elon Musk Decides Not to Join Board
Twitter Inc’s biggest shareholder, Elon Musk, has decided not to join its board, Chief Executive Parag Agrawal said late on Sunday. Musk, who calls himself a free-speech absolutist and has…
more ...Free Trade Deal to Open Doors for More Chinese Imports to ASEAN Countries
The ten countries in the Association of Southeast Asian Nations now comprise China’s largest trading partner, having surpassed the European Union in 2020. That high level of trade between ASEAN…
more ...Is the ‘Great Resignation’ Really the ‘Great Job Switch’?
Millions of Americans voluntarily left their jobs during the COVID-19 pandemic, with the quit rate hitting a record high of 3% — 4.5 million people — in November 2021. So,…
more ...Fishy Business: Report Details Chinese Fleet’s Illegal Operations in West Africa
It’s the classic postcard image of Ghana: brightly colored, narrow wooden fishing boats pulling into the dock of seaside village, bringing in the daily catch. But increasingly this way of…
more ...JD.com Founder Richard Liu Leaves CEO Post
Chinese e-commerce company JD.com said Thursday that its founder Richard Liu has left his position as CEO, the latest Chinese billionaire founder to step aside amid increased government scrutiny of…
more ...Shipping LNG to Europe: Pros, Cons for US Gulf Coast
International efforts to punish Russia for its war on Ukraine are being felt far from Europe, in the U.S. Gulf state of Louisiana, a hub of America’s energy sector. Late…
more ...US Doesn’t Want a Trade ‘Divorce’ From China
The United States is trying to be strategic about how it “realigns” its trade relationship with China, but is not interested in a large-scale “decoupling” or a trade “divorce,” U.S.…
more ...Ruble’s Strength in Face of Sanctions May Be Illusory
After a sharp plunge in value at the beginning of the war in Ukraine, the Russian ruble has recovered much of its value against other world currencies, a change made…
more ...Twitter to Start Testing Long-Awaited Edit Feature Soon
Twitter said on Tuesday it will begin testing a new edit feature in the coming months, surprising its users on the same day it said Tesla boss Elon Musk would…
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