U.K. economy slows as supply chain delays hold up car makers
The U.K. economy slowed more sharply than expected in February after storms hit construction work and supply chain delays held up output from carmakers.
Tesla China exports slump to just 60 cars on strong local demand
Tesla Inc. exported just 60 cars produced at its Shanghai factory in March, a record low as strong domestic demand sucked up most of the…
U.K. Brexit border IT system plagued by outages amid queues
A key part of the U.K. government’s post-Brexit border IT system has suffered outages this week, adding to the headache for traders already facing long…
Secretary Raimondo comments on Bipartisan Innovation Act Conference Committee announcement
Commerce Secretary Gina M. Raimondo released the following statement following Senate Majority Leader Chuck Schumer and Minority Leader Mitch McConnell’s announcement of expected Senate conferees…
EU nations have frozen more than $32 billion in Russian assets
European Union nations have frozen some 29.5 billion euros ($32.1 billion) in assets linked to Russian and Belarusian individuals and entities since the bloc adopted…
EU sees window in Biden’s first term to lock in trade gains
The European Union is aiming to lock in progress on trade and technology disputes with the U.S. during President Joe Biden’s first term amid concerns…
Volvo takes $423 million hit as Russia business halted
Volvo AB said Russia’s war in Ukraine has forced it to make provisions in the first quarter totaling 4 billion kronor ($423 million) that will…
There are ‘no taboos’ on Russia sanctions, EU’s Vestager insists
A top European Union official said the bloc should keep ramping up sanctions on Russia, as some nations in the 27-nation bloc complain President Vladimir…
Congress makes Russia a pariah on trade, adds pressure on Putin
The U.S. Congress voted overwhelmingly Thursday to strip Russia’s normal trade status with the U.S. and ban imports of its gas, oil and coal, adding…
BIS takes enforecement actions against three Russian airlines operating aircraft in violation of US export controls
The Bureau of Industry and Security (BIS) Assistant Secretary for Export Enforcement Matthew S. Axelrod issued orders denying the export privileges of three Russian Airlines…
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