Russia to move away from US dollar amid sanctions, Xinhua says
Russia is seeking to move away from the U.S. dollar and rely less on imports while strengthening its independence in key technologies in response to…
South Korea’s exports to China drop amid fallout from lockdowns
South Korea’s exports to China dropped in April, highlighting the impact that Covid-related lockdowns in Chinese cities are having on supply chains around the region.
White House proposes supplemental assistance to Congress, including Ag provisions
President Joe Biden is proposing $33 billion in emergency FY22 supplemental funding to provide additional assistance to Ukraine in its war with Russia and address…
Recession threat hangs over Europe’s fragile economic growth
The euro zone’s recovery from the pandemic is already showing signs of flagging even before it meets the economic storm clouds heading its way.
U.K. in talks with former Tesco boss about Morocco power imports
Xlinks, a power company co-founded by former Tesco Plc boss Dave Lewis, is in talks with the British government over a project to import electricity…
Euro zone barely grows as Germany dodges recession
Economic expansion in the eurozone began 2022 on a weak footing—underscoring the damage from soaring energy costs and worsening supply snarls following Russia’s invasion of…
Taiwan upgraded to the brink of AAA by S&P amid export strength
S&P Global Ratings upgraded Taiwan by one notch to just below its top grade, as exports remain strong and relations with China aren’t expected to…
Busiest U.S. ports expect another record year for cargo handling
The port complex of Los Angeles and Long Beach, already the nation’s busiest, will move unprecedented amounts of cargo in 2022, supported by a resilient…
US weighs suspending tariffs on Ukrainian steel imports
The Biden administration is considering suspending tariffs on Ukrainian steel imports, people familiar with the matter said, a mostly symbolic show of support for the…
Corn prices swing with ‘struggling’ Brazilian crops in spotlight
Corn in Chicago once again touched the highest level since 2012 as war in Ukraine chokes supplies and adverse weather threatens crops in the Americas.
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