Russia boosts China trade to counter Western sanctions
Russia and China have spent years building stronger economic ties, including a $55 billion gas pipeline and Russia’s increased usage of China’s yuan.
China solar panel shipments scrutinized over forced Uyghur labor
Customs and Border Protection is scrutinizing imports from China's Xinjiang region under the Uyghur Forced Labor Prevention Act. Solar panels are the most commonly flagged product.
Where's the beef from? Bipartisan senators call for country of origin labels on beef products
Lawmakers offered the bipartisan American Beef Labeling Act to reinstate mandatory country-of-origin labeling rules for beef products to promote transparency for consumers.
Maersk and MSC to end 2M global shipping alliance
Maersk and MSC will end 2M Shipping alliance in 2025; comes as supply chain issues caused by the coronavirus pandemic have alleviated and global demand for trade has fallen.
US, Europe tussle over frenzy of clean-energy subsidies
The U.S. incentives, included in last year’s Inflation Reduction Act, have spurred companies to rethink where to spend billions of investment dollars.
Yellen’s South Africa visit: ‘Not especially warm welcome’
Treasury Secretary Janet Yellen steps into a superpower trade and political battleground over Africa with Russia and China, as her tour of the continent takes her to South Africa on Tuesday.
Davos Highlights: Intel CEO, Larry Summers, Dan Yergin and Sen. Manchin
Concern about a recession, rising competition with China, runaway inflation, and decoupling economically in an increasingly divided world dominated the week.
China says economy to return to faster growth as Covid isolation ends
Chinese Vice Premier Liu's speech at the World Economic Forum in Davos was filled with optimism about a return to economic growth, but many remain skeptical.
Davos 2023: Economic woes, war, climate change on tap
The World Economic Forum, known as Davos for the Swiss town that hosts it, will focus this year on climate change, global stability and economic headwinds.
US and Taiwan hold trade talks in a move blasted by China
The U.S. and Taiwan are holding the first formal negotiations toward a trade agreement between the two countries that has drawn the ire of the Chinese government.
US and Japan form task force to promote human rights in supply chains
The governments of the U.S. and Japan formed a task force to eliminate the use of forced labor and protect human rights in international supply chains.
Some ocean shipping rates collapsing, but real price relief is months away
Like inflation, prices are unlikely to fall to pre-pandemic levels as global economy, and international trade face recessionary pressures and converging crises.
Blockade of Taiwan by China could cost world economy over $2 trillion, report finds
A report by the Rhodium Group estimates that a blockade of Taiwan by China could cause a "catastrophic" disruption of more than $2 trillion in global economic activity.
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.
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.
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.