Myanmar to export 2 million tons of rice even as hunger grows
Myanmar still expects to export 2 million tons of rice this year, despite a warning from the World Food Programme that millions of people in…
Sawmills are selling boards faster than they can cut them
Lumber demand is so strong that Resolute Forest Products Inc.’s order book exceeds its inventory, according to Chief Executive Officer Remi Lalonde.
China accuses Australia of economic coercion as ties deteriorate
China’s top diplomat in Canberra blamed Australia for deteriorating ties between the nations, accusing it of economic coercion and “provocations” in a wide-ranging speech that…
GM to invest $1 billion to build electric vehicles in Mexico
General Motors Co. is extending its electric vehicle plans south of the border with an investment of more than $1 billion in Mexico, adding a…
Statement from US Secretary of Commerce Raimondo on Q1 2021 GDP advance estimate
Today, the Department of Commerce’s Bureau of Economic Analysis (BEA) released the advance estimate for gross domestic product (GDP) for the first quarter of 2021,…
Feeding chickens is so costly it’s changing global trade flows
Feeding the world’s chickens, pigs and cows has gotten so expensive it’s upending global trade flows.
White House says WTO waiver may not be best way to spur vaccines
The U.S. focus on increasing supply of Covid-19 vaccines for other countries may mean boosting manufacturing at American facilities rather than waiving intellectual-property protections for…
Global chip drought hits Apple, BMW, Ford as crisis worsens
The global chip shortage is going from bad to worse with automakers on three continents joining tech giants Apple Inc. and Samsung Electronics Co. in…
Transcript: Stinson Dean on the soaring price of lumber
A lumber trader explains why prices keep going up.
Biden commerce chief pledges to help businesses export to China
U.S. Commerce Secretary Gina Raimondo said that the Biden administration needs to help American businesses export to China and do business in the world’s second-largest…
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