BUSINESS
NEW YORK, New York — As of Oct. 1, the East and Gulf coasts of the U.S. have been grappling with the most significant port strike in nearly 50 years. The strikes have disrupted trade at 36 key ports, including those in New York, New Jersey, Virginia, and Texas. Nearly
Drug Giants Eye China for Deals Despite Growing Sino-US Tensions
Industry executives and investment bankers said some of the biggest global drugmakers are scouring for...
Europe Needs Way to Price Critical Minerals Independently of China, European Group Says
Europe needs a system to set prices for critical minerals needed for the energy transition that is not...
Sellers Left Struggling to Make Ends Meet in China’s E-Commerce Price War
Chinese e-commerce vendors are struggling to survive with slowing sales growth and rising price pressures...
Airbus Upgrades 20-year Demand Forecast as Market Outlook Evolves
Airbus on Monday, July 15 revised up its 20-year demand forecast for jetliners. Many airlines are modernizing...
Beijing’s Top Officials to Address Economic Crises at China’s Third Plenum: What’s at Stake
Xi Jinping and other high-ranking officials from the Chinese Communist Party (CCP) are gathering this...
Freight Importers Struggling as Container Shipping Rates Return to $10,000
The cost of shipping a standard 40-foot container from Shanghai to New York has ballooned to nearly $10,000...
US Small Business Confidence Increased to Six-Month High in June
U.S. small-business confidence increased to a six-month high in June, but inflation worries remained...
Russia and India Deepen Cooperation During PM Modi’s Moscow Visit
In a two-day visit to Moscow, India’s Prime Minister Narenda Modi met with his Russian counterpart, President...
US Job Market, Wage Growth Slows; Unemployment Rate Rises to 4.1 Percent
U.S. job growth slowed marginally in June, but a rise in the unemployment rate to more than 4.1 percent...