ECONOMICS
Europe, which has imposed tariffs of up to 45 percent on Chinese electric vehicles, fears Beijing is rapidly shifting parts of its EV manufacturing supply chain to nearby Morocco in an effort to bypass those duties and gain easier access to the European market. EU Trade Commissioner Maroš Šefčovič has
Washington Will Not Nominate Another US Candidate for IDB, Treasury Says
WASHINGTON (Reuters) — The Biden administration will not nominate a candidate from the United States...
Alongside Push for Digital Currency, Gold Keeps Its Long-term Value
Commentary In recent years, governments and global organizations have been pushing for digital currencies...
How the Biden Admin Could Restrict Independent Contractors: Explainer
The U.S. Department of Labor is expected to unveil a proposed rule in coming weeks that would make it...
Europe’s Steel Makers Fear Deepening Crisis From Energy Crunch as Output Halted
GENK, Belgium — Spiraling energy costs have forced steel makers to cut output across Europe, threatening...
Fed Officials Stare Down Markets, Say Inflation is Top Focus
WASHINGTON (Reuters) — U.S. Federal Reserve officials on Monday, Sept. 26 sloughed off rising volatility...
Japan’s Average Land Prices Rise First Since Pre-Pandemic: Govt. Report
TOKYO — Japanese land prices rose in the 12 months to July 1 for the first time since before the pandemic...
US Home Sales Drop for 7th Straight Month, House Price Growth Cooling
WASHINGTON — U.S. existing home sales dropped for a seventh straight month in August as affordability...
Japan’s Inflation Levels Hit 8-year High, Staying Above BOJ’s Target
TOKYO — Japan's core consumer inflation quickened to 2.8 percent in August, hitting its fastest annual...
Kuehne Raises Lufthansa Stake to 17.5% as Germany Sells Remaining Shares
BERLIN/ZURICH — Logistics entrepreneur Klaus-Michael Kuehne has increased his stake in Lufthansa to 17.5%...