White House to warn US companies about Hong Kong risks
The U.S. will warn American companies this week of the increasing risks of operating in Hong Kong, three people familiar with the matter said, as…
U.K. trade secretary downplays outlook for US trade deal soon
The U.K.’s top trade negotiator said that the nation is focused on getting the “right deal” with the U.S. rather than clinching a quick one,…
Carbon tariff remains possibility, McCarthy says: Summit update
The two-day Bloomberg Sustainable Business Summit, which is underway, is focused on topics ranging from the transition to a net-zero economy to the future of…
Biden team mulls digital trade deal to counter China in Asia
White House officials are discussing proposals for a digital trade agreement covering Indo-Pacific economies as the administration seeks ways to check China’s influence in the…
Lumber wipes out 2021 gain with demand ebbing after record boom
Lumber, which at one point was among the world’s best-performing commodities as the pandemic sent construction demand soaring and stoked fears of inflation, has officially…
US, Mexico announce enforcement of worker protection agreement
On Thursday, July 8, the U.S. and Mexico announced a comprehensive plan to ensure that international labor standards are being enforced at the General Motors’…
Rupee slides toward year’s low as India’s trade deficit widens
After months of wild volatility in the rupee, India’s widening trade deficit and elevated commodity prices are bearing down on the currency, reinforcing a recent…
Russia considers measures to tap mining profits once export tax ends
Russia is considering longer-term measures to grab a bigger slice of mining companies’ profits once a temporary export tax finishes at the end of this…
Yellen to press Europe on digital tax plan following G-20 accord
U.S. Treasury Secretary Janet Yellen will press European Union officials in Brussels this week to reconsider their plan to propose a digital levy after securing…
Top US stainless steel maker roiled by supply chain woes
In another sign of how supply chains are being snarled all over the world, a leading U.S. maker of stainless steel was forced to declare…
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