US moves to appease allies on EV subsidies
After Europe struck back with protectionism of its own, the US is lowering barriers to keep allies happy as it uses the Inflation Act to decouple from China.
Exxon sues EU in move to block new windfall tax on oil companies
The EU believes Exxon and Chevron capitalized on an energy crisis and should be fined. The companies, want the money to invest in energy infrastructure.
Finland gets floating LNG terminal to replace Russian gas
As Finland looks to distance itself from Russia and join NATO, it sees energy security as an important step and LNG capacity is crucial to independence.
EU foreign-subsidy limits target China but also hit US companies
The EU puts legislation in place to counter the Inflation Reduction Act's subsidies; marks the beginning of a potential trade war with both the US and China.
China’s EV market will slow in 2023. That still leaves it ahead.
China's ev market is likely to slow in 2023 as subsidies expire. Without disounts on electric vehicles, fewer consumers will be able to afford them.
Greater Boston company deploys under-vehicle scanners to catch fentanyl, human traffickers at US border
Boston area company Viken Detection is providing Customs and Border Protection under-vehicle scanners at dozens of points of entry along the U.S. southern border.
Supply chains upended by COVID are back to normal
Parcel carrier FedEx Corp. and other regional carriers are having an easier time delivering packages this peak season, with additional capacity and steady parcel volume.
FTC orders Mastercard to stop blocking competitor debit payments
The Federal Trade Commission has ordered Mastercard to cease business practices it claims are designed to bar vendors from routing payments through third parties.
San Francisco not safe for tourists: Mothers Against Drug Deaths co-founder
Jacqui Berlinn describes how fentanyl has corrupted San Francisco and the path it takes out of the city on 'Tucker Carlson Tonight.'
Microsoft challenges FTC's block of $68.7B acquisition of Activision Blizzard Inc.: Report
Microsoft challenged the Federal Trade Commission's attempt to block the software giant's acquisition of Activision Blizzard Inc. for $68.7 billion.
The whack-a-mole economy: US manufacturers struggle with unpredictable supplies
Issues that began with the coronavirus pandemic, get worse as high inflation, the Ukraine war, and tension with China continue to disrupt the supply chain.
Crypto giant Binance offers little transparency after FTX collapse
Binances internal finances still remain opaque to investors after the collapse of Sam Bankman-Fried's cryptocurrency trading firm FTX caused increase scrutiny.
Nike sales may soar as discounts draw shoppers; margin squeeze looms
Nike weathers recession storm this holiday season. China's full court press on COVID could not keep Nike from a final quarter comeback before Christmas.
US poised to become net exporter of crude oil in 2023
As countries turn away from Russia after it invaded Ukraine, the US has become more attractive. This new demand could push US energy production higher.
China files WTO complaint over US export controls on semiconductors
China filed a dispute at the World Trade Organization against the U.S. over export controls on advanced semiconductors and computer chips.
China’s leaders plot pivot back toward boosting economy
The Chinese government is shifting back to growth mode, as a rapid deterioration in economic conditions prompts alarmed officials to turn more of their focus to development after years of criticizing cadres who gave priority to growth at the expense of social stability and fiscal prudence.
FTX collapse where people lost billions has 'silver lining,' O'Leary says: Industry is 'culling its herd'
Kevin O'Leary, an investor who served as a paid spokesman for FTX, says that the company's collapse has a 'silver lining' for the cryptocurrency industry as a whole.
Three top VMware executives to leave company
VMware Chief Executive Raghu Raghuram said the senior vice presidents of cloud infrastructure, applications and management business and networking and advanced security are leaving
Biden admin pushes back against WTO rejection of Trump's tariffs on steel, aluminum
The WTO's rejection of former President Trump's tariffs on imports of aluminum and steel has prompted pushback from the Biden administration and the U.S. steel industry.
The five-year engineering feat Germany pulled off in months
Germany is building new LNG facilities in Wilhelmshaven at record speed to make up for gas supplies that Russia has stopped sending since invading Ukraine.