Billions of dollars of African gold smuggled into UAE yearly: Research

A worker lifts a gold bullion bar from a conveyor machine at the Rand Refinery plant in Germiston, South Africa, on Aug. 16. 2017. Waldo Swiegers | Bloomberg | Getty Images DUBAI, United Arab Emirates — Each year, as much as $35 billion worth of gold produced by artisanal and small-scale mining in Africa — … Read more

A sudden container crunch is sending ocean freight rates soaring

A Chinese worker looks on as a cargo ship is loaded at a port in Qingdao, eastern China’s Shandong province. AFP Contributor | AFP | Getty Images A perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. The beginning of peak shipping … Read more

Boeing CFO comments on deliveries, cash flow after Max crisis

An American Airlines Boeing 737 MAX 8 flight from Los Angeles approaches for landing at Reagan National Airport shortly after an announcement was made by the FAA that the planes were being grounded by the United States in Washington, U.S. March 13, 2019.  Joshua Roberts | Reuters Boeing will burn through cash this year and … Read more

Shipping data shows mid-range retail is new consumer price sweet spot

Trucks wait to enter the Port of Los Angeles in Los Angeles, California, US, on Monday, Dec. 4, 2023. The US Census Bureau is scheduled to release trade balance figures on December 5. Photographer: Eric Thayer/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images The latest shipping data is beginning to reveal what U.S. … Read more

China fast retailer Shein suppliers work 75-hour weeks, report claims

Workers make clothes at a garment factory that supplies SHEIN, a cross-border fast fashion e-commerce company in Guangzhou, in China’s southern Guangdong province on July 18, 2022.  Jade Gao | Afp | Getty Images As fast-fashion giant Shein prepares for an IPO in the U.S., a new report suggests that workers at some of its suppliers are … Read more

EU must avoid ‘disaster’ of decoupling amid China tariffs

The European Union must avoid a harmful decoupling of global trade as it mulls tariffs on Chinese electric vehicles and other goods, the bloc’s economic chief said Wednesday. “I think that as far as Europe is concerned we need a more mature attitude in our trade, securing our economy … especially with China,” European Commissioner … Read more

Analysis: How Biden’s China Tariffs Differ From Trump’s

After criticizing former president Donald Trump for promising to amp up tariffs on imports if he wins the 2024 election, the White House on Tuesday announced its own round of tariffs targeted at a variety of Chinese good. President Joe Biden has said Trump’s ideas would worsen inflation, because the tariffs the Republican has proposed … Read more

Biden Keeps Trump’s Tariffs On Chinese Goods, Adds New Ones On Clean Energy Components

As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That’s why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls. Our journalists will continue to cover the twists … Read more

Biden raises China tariffs on EVs, solar panels, batteries

U.S. President Joe Biden meets Chinese President Xi Jinping on the sidelines of the G-20 leaders’ summit in Bali, Indonesia, on Nov. 14, 2022. Kevin Lamarque | Reuters The Biden administration announced stiff new tariff rates Tuesday on $18 billion worth of Chinese imports. The White House said the tariff hikes were necessary to protect … Read more

China drives EV boom this year amid strong demand for hybrid vehicles

New energy vehicles for export at Lianyungang Port, Jiangsu Province, China, on April 25, 2024.  Nurphoto | Nurphoto | Getty Images Electric vehicle sales have risen sharply this year, led by growth in China and a strong demand for hybrid vehicles in particular, according to a report from Counterpoint Research.  The report, released Monday, showed that sales … Read more