Chevron to resume Venezuela oil output as US eases sanctions
The Biden administration granted Chevron Corp. a license to resume oil production in Venezuela after US sanctions halted all drilling activities almost three years ago.
Foxconn offers staff $1,400 to leave after iPhone city violence
Foxconn Technology Group has begun offering 10,000 yuan ($1,400) to any workers who choose to leave, an unusual decision intended to appease disgruntled new hires…
California farms face $3 billion loss from historic drought
California’s worst drought has left growers in the top US agricultural state facing losses of $3 billion, just as producers brace for more widespread cuts…
Oil freight boom makes $1 million waiting bills more common
With soaring shipping costs comes soaring bills for ships doing nothing.
Gas-exporting Mozambique is a cautionary tale in the loss and damage fight
Tired of waiting for international aid to help rebuild after deadly storms, Mozambique is tapping into massive natural gas deposits to fund development.
Trudeau defends emergency edict used to end trucker convoy
Prime Minister Justin Trudeau defended his decision to invoke emergency powers to quell a trucker-convoy protest in February, arguing during public testimony the move was…
EU postpones talks on oil price cap as divisions stick
European Union diplomats suspended talks on capping Russian oil prices, as Poland and the Baltic states objected to a proposal they consider too generous to…
Truckers in Korea strike in latest threat to global supply chains
Truck drivers are on strike in South Korea for the second time in less than a year, targeting major ports in a bid to disrupt…
Erdogan says sanctions on Cuba hamper its trade with Turkey
Turkish President Recep Tayyip Erdogan vowed to quadruple bilateral trade with Cuba, blaming sanctions on the communist island for preventing relations from flourishing.
Hunt contests watchdog’s forecast of 4% Brexit hit to UK economy
Chancellor of the Exchequer Jeremy Hunt contested the UK fiscal watchdog’s projection that Brexit will reduce the size of the economy, saying the split from…
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