BEA News: GDP, 1st quarter 2021 (second estimate); corporate profits, 1st quarter 2021 (preliminary estimate)
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…
China’s import scrutiny spurs US corn cancellations
China is clamping down on some corn imports amid concern that overseas purchases have spiraled out of control, prompting several feed mills to cancel their…
Tech liability shield has no place in trade deals, groups say
A coalition of internet accountability groups is warning the Biden administration against including liability protections for tech companies in future trade agreements, saying that could…
EU takes Russia to task over Belarus as sanctions talk heats up
European Union foreign ministers pointed a finger at Russia’s ties to Belarus as they moved toward implementing harsher sanctions against Minsk after it forced down…
World’s top cannabis exporter edges nearer to legalization
Morocco’s parliament voted to legalize the local cultivation of cannabis for medicinal and industrial use, in a potential victory for marginalized farmers in the world’s…
World faces longer supply shortage as China’s factories squeezed
Eric Li’s factory making glass lampshades for companies including Home Depot Inc. is being stretched to its limits with sales doubling their pre-pandemic level.
Wall Street pros are as baffled as anyone by the dollar’s fate
Wondering where the dollar’s headed as the U.S. deficit keeps growing? Wall Street’s also trying to figure it out.
Republicans threatening to delay action on Senate’s China bill
Senate Republicans are threatening to hold up a vote on a sweeping bill to bolster U.S. economic competitiveness and confront China’s rise unless Majority Leader…
US asks WTO to address forced labor on fishing vessels
The U.S. asked the World Trade Organization’s members to address the problem of forced labor on fishing vessels, seeking the issue to form part of…
China’s yuan rises to strongest since ‘16 versus basket of peers
The yuan’s rally gathered pace on Thursday, with the Chinese currency climbing to its strongest level since March 2016 against a basket of trading partners.
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