Biden team defends China tariffs amid debate to trim some duties
The US government defended additional tariffs on hundreds of billions of dollars of Chinese goods imposed under Donald Trump, just as President Joe Biden assesses…
US to stop TSMC, Intel from adding advanced chip fabs in China
As the US Congress passed an historic $52 billion federal program to boost domestic chipmaking capabilities, it included one significant caveat: Companies that receive the…
OPEC’s Gulf nations boost oil production to relieve tight market
OPEC’s crude production rose to a two-year high last month as Persian Gulf members followed through on a pledge to relieve tight global markets.
Air Canada misses estimates amid second quarter airport chaos
Air Canada reported results below estimates in the second quarter, a period in which the global aviation industry could not meet passenger demand.
JetBlue reports wider-than-expected loss on soaring fuel costs
JetBlue Airways Corp. reported a second-quarter loss that missed Wall Street’s expectations as high fuel prices kept operating expenses elevated ahead of the carrier’s planned…
Soaring US diesel exports underscore global fuel vulnerability
A worldwide diesel supply crunch is making more of the world dependent on US fuel exports, a situation that could worsen heading into the winter.
Democrats’ oil import tax would violate Biden pledge, conservative group says
Democrats’ plan to reinstate a 27-year-old fee on oil imports represents a violation of a pledge by President Joe Biden not to raise taxes on…
South Africa suspends chicken tariffs to ease price pressures
South Africa has halted tariffs on poultry for 12 months as part of measures to ease food inflation.
CN Railway sees grains boost after ‘exceptional year’ of woes
Western Canadian grain shipments by rail are expected to rebound after a year plagued by drought, flooding, wildfires and supply-chain snarls, according to the latest…
Manchin spending deal includes billions in oil import taxes
The climate and tax spending deal announced last week by Senate Majority Leader Chuck Schumer and Senator Joe Manchin could cost billions in new taxes.
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