FDA allows imports of syphilis drug alternate during shortage
US regulators gave temporary permission for importation of a form of penicillin used to treat syphilis amid a national shortage of Pfizer Inc.’s version of…
December CNBC/NRF retail monitor numbers show retailers had strong holiday season
Retail sales continued to grow in December, completing a strong holiday shopping season, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today…
Sainsbury working with UK Government on Red Sea shipping delays
J Sainsbury Plc is working closely with the UK government to attempt to cope with shipping delays due to unrest in the Red Sea.
Russia’s oil drilling boom proves Moscow’s resilience to Western sanctions
Russia was on pace for a second year of record oil drilling in 2023, further evidence of the nation’s resilience to Western sanctions.
US trade deficit unexpectedly narrows as services surplus rises
The US trade deficit unexpectedly narrowed in November, driven by a pickup in services exports and a slight decline in imports of merchandise.
NRF economist says 2023’s consumer spending growth is ‘not necessarily sustainable’ in 2024
Consumers spent more than expected amid high inflation and high interest rates during 2023, but spending growth is likely to slow in 2024, National Retail…
NRF opposes final independent contractor rule
The National Retail Federation today issued the following statement from Senior Vice President of Government Relations David French regarding the finalization of the Department of…
China slashes import tariffs on South Africa’s Rooibos tea
China has lowered import tariffs on South Africa’s rooibos tea by as much as 80%.
Xi’s solution for China’s economy risks triggering new trade war
China’s shift toward high-value add manufacturing threatens to further raise trade tensions with the US, Europe and others.
India’s exports may take a $30 billion hit on Red Sea threats
India may see around $30 billion shaved off its total exports in the current fiscal year, as threats to cargo vessels in the Red Sea…
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