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Biden will get little inflation relief if he eases China tariffs
A move by President Joe Biden to remove tariffs on Chinese consumer goods will do little to dent inflation, economists say, and risks further hamstringing…
China allows refiners to export 40% less fuel than a tear ago
China issued its latest batch of fuel export quota for the year, but total allowances are still around 40% less than the same point in…
French rail strike adds to European summer travel havoc
French railway workers walked out in a dispute over pay Wednesday, adding to travel disruption across Europe that saw strikes at Paris Charles de Gaulle…
British Airways hires KLM operations head amid travel chaos
British Airways is hiring Dutch rival KLM’s chief operating officer as it seeks to stabilize services after canceling hundreds of flights due to staffing shortages.
Thailand pledges to finish high-speed rail link to China by 2028
Thailand said it will complete its part of a much-delayed high-speed rail system linking the country to China through Laos by 2028, with bilateral trade…
Myanmar plans to double rice exports with focus on quality
Myanmar has set a goal of doubling rice exports in three years’ time by focusing on higher-quality varieties, according to the president of the nation’s…
Putin dodges worst of economic pain as oil eases sanctions hit
Russia appears on track for a much shallower recession than many forecasters initially expected this year, boosted by rising oil production that has blunted the…
British Airways scraps 800 flights as UK eases slot rules
British Airways will pull an estimated 800 more flights from its summer schedule as the carrier looks to reduce last-minute cancellations amid continuing staffing shortages…
The once-unthinkable is now in sight for battered British pound
Sterling sinking below 1.05 per dollar -- something it has never done before and unthinkable only a few months ago -- is now given about…
EU’s Sefcovic signals possible trade retaliation on Brexit plan
The European Union’s chief Brexit negotiator signaled the bloc could impose retaliatory trade measures on the UK over its planned legislation to override parts of…