Stephanie Loomis had hoped that the chaos besieging the global supply chain was subsiding. The floating traffic jams off ports. The multiplying costs of moving freight. The resulting shortages of goods. All of this had seemed like an unpleasant memory confined to the COVID-19 pandemic. No such luck. As head of ocean freight for the … Read more
Executive Vice President of the European Commission for A Europe Fit for the Digital Age Margrethe Vestager talks to media in the Berlaymont, the EU Commission headquarter on May 23, 2024 in Brussels, Belgium. Thierry Monasse | Getty Images News | Getty Images The European Union may be no economic match for its U.S. and … Read more
Former president Donald Trump on Thursday raised the prospect of scrapping the U.S. income tax system and replacing it with something very different: much higher tariffs on imported goods. Trump has for some time proposed an across-the-board 10% increase in tariffs for imports, but his comments implied far, far heavier trade duties that would likely … Read more
Republican presidential candidate, former U.S. President Donald Trump speaks during his campaign rally at Sunset Park on June 09, 2024 in Las Vegas, Nevada. Brandon Bell | Getty Images Donald Trump on Thursday brought up the idea of imposing an “all tariff policy” that would ultimately enable the U.S. to get rid of the income … Read more
Employees work on the assembly line of new energy vehicles at a factory of Chinese EV startup Leapmotor on April 1, 2024 in Jinhua, Zhejiang Province of China. Shi Kuanbing | Visual China Group | Getty Images The European Union on Wednesday said it would slap higher tariffs on Chinese electric vehicle imports, which it … Read more
Salvage crews continue to work on removing debris from the Francis Scott Key Bridge collapse after it was struck by the container ship Dali, now docked at Seagirt Marine Terminal in Baltimore. (Jerry Jackson/Baltimore Sun/Tribune News Service via Getty Images) Jerry Jackson | Baltimore Sun | Getty Images The main passageway into the Baltimore port … Read more
Eight of the 10 most valued domestic firms together added Rs 3.28 lakh crore to their market valuation last week, with blue-chips Tata Consultancy Services, Hindustan Unilever and Reliance Industries emerging as the biggest winners. In an eventful week, the BSE benchmark jumped 2,732.05 points or 3.69 per cent. The 30-share BSE Sensex jumped 1,720.8 … Read more
Containers sit at the Yangshan Port in Shanghai, China, Aug. 6, 2019. Aly Song | Reuters BEIJING — China’s exports in May grew faster than expected, while imports missed forecasts, customs data showed Friday. Exports rose by 7.6% in May from a year a go in U.S. dollar terms, beating expectations for 6% growth, according … Read more
House Speaker Mike Johnson showed up at court in Manhattan to support Donald Trump during the case that led to the former president’s conviction — a decision that he said he alone made one night at 10:15 p.m. during a fundraising trip to New York — but he stopped short of committing to some of … Read more
The world economy is headed for a soft landing, inflation is going down, and rate cuts are coming, according to Kristalina Georgieva, International Monetary Fund managing director, but she says the rise of trade restrictions, including tariffs, from the world’s largest economies is the “most worrisome” risk to global growth. “Trade is slowing down even … Read more
