US lawmakers urge Biden to close tariff ‘loophole’ for Chinese small package imports
A majority of Democratic U.S. House of Representatives members on Wednesday urged President Joe Biden to use his executive powers to end a tariff "loophole"…
China asks its carmakers to keep key EV technology at home
China has strongly advised its carmakers to make sure advanced electric vehicle technology stays in the country, people familiar with the matter said, even as…
Amazon is in South Africa for the long run, says marketplace head
U.S. e-commerce giant Amazon.com is in South Africa for the long run, its regional marketplace head said on Thursday, after its first foray into Sub-Saharan…
Thyssenkrupp’s $3.3 billion green steel plant could get more expensive
Thyssenkrupp's steel division on Thursday said a planned direct reduction site to produce carbon-free steel, which is so far expected to cost around 3 billion…
Germany lines up with Spain against EU tariffs on Chinese EVs
German Chancellor Olaf Scholz joined Spanish Prime Minister Pedro Sanchez in calling for the European Union to drop its plan to impose extra tariffs on…
Nippon Steel makes last ditch effort to win U.S. nod on US Steel deal, source says
A top Nippon Steel executive plans to meet with senior U.S. officials on Wednesday to try and salvage the firm's $14.9 billion bid for U.S.…
Putin asks government to consider a cap on nickel, uranium exports
Russian President Vladimir Putin asked the government to consider if it makes sense to limit exports of some commodities like nickel, titanium and uranium in…
Business groups fear political pressure influencing US review of Nippon
(Reuters) - A number of U.S. business groups on Wednesday sounded the alarm that the Biden administration's national security review of Nippon Steel's planned $14.9…
Honeywell CEO says ability to supply parts will determine aerospace unit’s growth
(Reuters) - Growth in Honeywell's aerospace business next year will be determined by its ability to supply parts to Boeing and Airbus, not demand, the…
Cocoa jumps as traders assess global supply-demand balance
Cocoa futures rose as much as 6.6% in New York as prospects for bigger harvests were outweighed by concerns about tight global inventories.
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