Much-needed Canada grain piles up amid rail bottleneck
The world sorely needs more grains and Canada has a bin-busting harvest this year -- but shippers fear there aren’t enough rail cars to transport…
U.S. international trade in goods and services, August 2022
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $67.4 billion in August, down…
US trade deficit narrows for a fifth month to smallest in a year
The US trade deficit shrank for a fifth month in August to the smallest in more than a year, reflecting a decline in the value…
WTO slashes forecast for merchandise trade growth in 2023
Global merchandise trade will slow next year as “multiple shocks” ranging from Russia’s war in Ukraine, high energy costs in Europe and US monetary policy…
Apple iPhone exports from India doubling in boon to Modi’s plan
Apple Inc.’s iPhone exports from India crossed $1 billion in the five months since April, according to people familiar with the matter, signaling the South…
Turkish trade deficit widens by 300% as energy bill swells again
Turkey’s foreign trade deficit widened by almost 300% on an annual basis last month, driven by costlier energy and other commodities.
German grid operator warns of potential cuts to winter power exports
Germany’s largest power-grid operator said that the country may have to restrict electricity exports this winter as a last resort to avoid blackouts.
US to announce new limits on chip technology exports to China
The Biden administration plans to announce new restrictions on China’s access to U.S. semiconductor technology, according to people with knowledge of the situation, an escalation…
Australia could grab 20% of world’s lithium refining by 2027
Australia is poised to grab a fifth of the world’s lithium hydroxide refining capacity within five years as demand grows for battery metals that bypass…
NRF says consumers still spending despite worries over inflation and interest rates
Consumers remain worried about high inflation and Federal Reserve interest rate hikes intended to bring inflation under control, but neither has stopped them from spending,…
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