Trade

A technology behind a European designed flying car, known as AirCar, has been purchased by a Chinese firm called Hebei Jianxin Flying Car Technology Company for an undisclosed fee.

The collapse of the Francis Scott Key Bridge after the container ship Dali collided with it has prompted the closure of the Port of Baltimore for an indefinite period of time.

The collapse of the Francis Scott Key Bridge is expected to have major repercussions for trade and traffic, with cargo ships likely to be rerouted causing backlogs and price increases.

The Chinese government is banning the use of chips made by U.S. firms Intel and AMD along with foreign-made software in favor of microprocessors and tech made in China.

Apple suspended exports to Russia, and the company's website remains inactive since the start of the Ukraine invasion, but resellers have acquired the products through third-party vendors.

Mark Glyptis, United Steelworkers Local 2911 union president, warned the consequences of closing a West Virginia tin mill in favor of imported products could spell disaster for the U.S.

The Fed's Christopher Waller said that he expects the U.S. to remain the world's leading reserve currency given a lack of practical alternatives and the dollar's status as a safe haven.

Thousands of luxury cars slated to be imported to the U.S. are being held by customs officials while Volkswagen replaces a part linked to forced labor in China's Xinjiang region.

Shipping behemoth Maersk does not expect the Red Sea crisis to subside in the near future, and is warning customers to expect ship diversions into the second half of the year.

E-commerce platform Temu's Super Bowl ads drew the ire of lawmakers who called out the retailer's data protections and lack of safeguards to keep forced labor out of supply chains.

The Biden administration's pause on new liquefied natural gas (LNG) export permits prompted pushback from leading business groups in the U.S., Europe and Japan.

Freight levels through the Suez Canal have plummeted by 45% since Iran-backed Houthi militants began attacking vessels in the Red Sea, risking higher inflation and food insecurity.

British billionaire and Tottenham Hotspur owner Joe Lewis pleaded guilty to insider trading charges. He passed inside information to several associates, including two private pilots.

Global shipping rates are rising rapidly after several months of attacks by Yemen's Houthi militants in the Red Sea, a key waterway for global trade.

Tesla CEO Elon Musk told investors that Chinese electric vehicle makers are poised to "demolish" their competitors globally without trade barriers or tariffs.

Apple has resumed selling its Series 9 and Ultra 2 Apple Watches without blood oxygen sensors enabled amid its ongoing patent infringement dispute with medical technology firm Masimo.

Chevron CEO Michael Wirth said he is surprised U.S. crude oil is trading under $73 a barrel and that Houthi attacks in the Red Sea pose a "very real" risk to oil prices.

Apple Watches that were redesigned amid the tech giant's patent infringement dispute can bypass an import ban because they lack pulse oximetry technology, Masimo said in a court filing.

Soaring shipping costs following attacks by Iran-backed Houthi militants in the Red Sea and Suez Canal are raising fears of another supply chain crisis.

The U.S. was the world's leading exporter of liquefied natural gas (LNG) in 2023 after setting monthly and annual records in December, according to tanker tracking data