EU, U.S. reach truce on metal tariffs ahead of Biden visit
The European Union agreed to avoid escalating its dispute with the U.S. over metal tariffs, sparing iconic products such as bourbon whiskey and Harley Davidson…
A Xinjiang solar giant breaks ranks to try and woo the West
Daqo New Energy opened its facility to outsiders as it campaigns to avoid potential U.S. sanctions over allegations of forced labor in the industry.
Iran’s veteran oil minister Zanganeh to bow out after elections
Iran’s longstanding oil minister, Bijan Namdar Zanganeh, will retire when President Hassan Rouhani’s term ends later this year.
Ryanair posts record loss, expects to break even this year
Ryanair Holdings Plc posted a record annual loss, while saying it’s likely to break even this year as vaccination programs allow a gradual easing of…
China’s recovery remains unbalanced as retail spending lags
China’s recovery remained unbalanced in April, with industrial output and investment buoyed by strong exports and a hot property market, while retail sales missed forecasts.
Ports on U.S. West Coast race to clear ship backlog by August
Ship congestion outside the busiest U.S. gateway for trade with Asia showed glimmers of easing as port officials race to clear a backlog of arriving…
Biden infrastructure plan’s chances gain as GOP readies offer
President Joe Biden’s prospects for passing a major infrastructure bill through Congress with bipartisan support -- seen unlikely in the wake of his Democrat-only pandemic-relief…
The world economy is suddenly running low on everything
‘It is anything but efficient or normal.’ Surging corporate demand is upending global supply chains.
Iran gears up for return to oil market as U.S. talks advance
Iran is preparing to ramp up global oil sales as talks to lift U.S. sanctions show signs of progress. But even if a deal is…
China’s Rise Pushes Senate Toward Action on Competitiveness Bill
Bipartisan concern about China’s rising influence is driving the Senate toward passage of legislation aimed at bolstering U.S. competitiveness in technology and manufacturing and delivering…
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