BUSINESS
In a move aimed at countering China's rampant export of its excess industrial capacity, U.S. President Joe Biden proposed a hefty tariff increase on Chinese steel and aluminum. The proposal came on April 17 while he addressed union workers in Pennsylvania. If approved, these imports could see their tariffs “tripled,”
New IRS Revenue Will Come From Businesses Earning Less Than $200K: Tax Experts
According to the Joint Committee on Taxation, a nonpartisan tax watchdog, a key provision in the recently...
Bulk of Funding Slated for ‘Small Businesses’ Actually Went to Big Corporations and Other Countries:
According to a July report by government watchdog Open The Books, over 75 percent of funding from the...
Chinese Foreign Buyers Bought More US Real Estate Than Anyone Else This Year
Foreign buyers from China bought up more U.S. real estate than buyers from any other country so far in...
Canada Issues Fertilizer Emission Restrictions
A three-day meeting of Federal, Provincial and Territorial Ministers of Agriculture concluded in Saskatoon...
World’s Top Producer of Ammonia, a Key Component in Fertilizer, Slashes Production Amid German Energy
Ammonia, a critical component used in fertilizer, is about to meet with renewed scarcity as the world...
Asia’s Wealthiest Woman Loses $12 Billion in China’s Real Estate Crisis
Yang Huiyan, known as the richest woman in Asia, has lost more than half of her $24 billion fortune as...
Behind the Timing of Didi Global’s $1.2-billion Fine
News analysis Chinese ride-hailing company Didi Global was hit with a $1.2 billion fine on July 21...
35% of Truckers Say 2022 Will Be ‘Drastically’ Less Profitable Because of Fuel Prices: Survey
Owner-operators of trucking companies are not feeling particularly optimistic in their outlook as to...
3 Evergrande Real Estate Executives Asked to Resign Over Unstable Loans
Evergrande Group, the embattled Chinese real estate giant, has once again become the focus of international...