Water crisis threatens grain, iron transport on key Brazil river
Drought is making one of Brazil’s most important river systems unnavigable, making it more challenging and costly for the commodities powerhouse to get grains and…
BEA News: Gross domestic product, second quarter 2021 (advance estimate) and annual update
The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today: Real gross domestic product (GDP) increased at an annual rate of…
US GDP trails forecast even as consumer spending surges
U.S. growth missed forecasts in the second quarter as the effects of supply-chain constraints reverberated through the economy and took the shine off one of…
With EU membership distant, Balkan aspirants seal own trade deal
With little progress on their bids to join the European Union, Serbia, North Macedonia and Albania struck a deal among themselves to boost trade.
The chip-crunch recovery will be rocky, as Apple can attest
The great computer-chip shortage of 2021, a cloud hanging over companies ranging from Tesla Inc. to McDonald’s Corp., is showing signs of easing. But not…
UAE to burn mountains of trash as China stops importing waste
The United Arab Emirates is building one of the world’s largest waste-to-energy plants to deal with its growing trash load.
Biden vows to enforce ‘buy American’ rule for Federal agencies
President Joe Biden vowed the strongest enforcement ever for rules that require the federal government to favor American vendors when they purchase goods, saying his…
Republicans threaten to oppose Treasury picks over Nord Stream 2
Senator Pat Toomey and 11 other Republicans on the Senate Banking Committee are threatening to block two Treasury nominees unless the Biden administration reverses its…
Biden to decide on grants to foreign chipmakers, Raimondo says
President Joe Biden will ultimately decide whether foreign chip producers will receive some of the $52 billion in funding planned to help ease the shortage…
Secretary Raimondo names new US private sector co-chair to US Brazil CEO Forum
U.S. Commerce Secretary Gina M. Raimondo today announced Mauro Gregorio, Chief Executive Officer of the Dow Silicones Corporation, as the new U.S. private sector co-chair…
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