China softens tone on climate ambition amid power shortages
China’s top policy makers urged an easing of the aggressive measures taken to reduce carbon emissions as Beijing balances economic health with its climate goals.
Trade between Moscow and the European Union up 2% in the first quarter of 2021
In the period from January to March 2021, total trade between Moscow and EU member states rose 2% to USD 27.46 billion. According to Vladimir…
GDP Update: Europe rebounds with a bang but Germany disappoints
The euro-area economy rebounded sharply in the second quarter as businesses reopened following the lifting of lockdowns.
US heat is so bad farmers see a ‘half crop’ for spring wheat
Sun-baked U.S. spring wheat fields have been so badly hurt by drought this year that some farmers are expecting to harvest what they’re dubbing a…
China keeping ‘open mind’ on G-7 talks aimed at trade abuses
China’s ambassador to the World Trade Organization said there’s scope for Beijing to work with the U.S., the European Union and other Western nations on…
Water crisis threatens grain, iron transport on key Brazil river
Drought is making one of Brazil’s most important river systems unnavigable, making it more challenging and costly for the commodities powerhouse to get grains and…
BEA News: Gross domestic product, second quarter 2021 (advance estimate) and annual update
The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today: Real gross domestic product (GDP) increased at an annual rate of…
US GDP trails forecast even as consumer spending surges
U.S. growth missed forecasts in the second quarter as the effects of supply-chain constraints reverberated through the economy and took the shine off one of…
With EU membership distant, Balkan aspirants seal own trade deal
With little progress on their bids to join the European Union, Serbia, North Macedonia and Albania struck a deal among themselves to boost trade.
The chip-crunch recovery will be rocky, as Apple can attest
The great computer-chip shortage of 2021, a cloud hanging over companies ranging from Tesla Inc. to McDonald’s Corp., is showing signs of easing. But not…
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