NRF chief economist says ‘satellite account’ would better measure retail performance
National Retail Federation Chief Economist Jack Kleinhenz today backed a recommendation that federal agencies should create a “satellite account” to better assess the performance of…
Russia cuts dollar holdings from $119 billion wealth fund amid sanctions
Russia said it will eliminate the dollar from its oil fund to reduce vulnerability to Western sanctions just two weeks before President Vladimir Putin holds…
U.K. could become net power exporter to Europe in five years
Britain could become a net exporter of electricity to Europe as soon as 2026, according to S&P Global Platts.
Biden’s China blacklist revamp leaves him lots of wiggle room
At first glance, U.S. President Joe Biden’s plans to revamp a Trump-era ban on investing in certain Chinese companies could put potentially thousands of additional…
EU eyes first-of-a-kind border levy in climate fight
The European Union is planning to slap an import levy on steel, cement and aluminum produced in countries with lower environmental standards, as it seeks…
EU poised to hit Belarus with initial sanctions this week
The European Union is set to roll out a first round of restrictions on Belarus this week over the forced landing of a Ryanair flight…
US delays digital-tax tariffs amid talks on broader deal
The U.S. imposed -- but immediately delayed the implementation of -- tariffs in retaliation for duties that six nations placed on internet companies, allowing time…
India, U.K. eye interim pact to help clinch major trade deal
India and the U.K. are intensifying talks to remove non-tariff barriers and foster greater market access as they work to stitch together the South Asian…
U.K. to begin process to join Trans-Pacific Trade Partnership
Member nations of a Pacific regional trade deal agreed Wednesday to allow the U.K. to begin the process to join in a potential boost for…
China’s supply chain frontliners bear brunt of surging costs
China’s factories, power plants and farms are fielding the worst effects of a surge in commodity costs that’s yet to hurt the wallets of the…
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