Biden Surveys Damage After Hurricane Milton: Assessing the Impact on Florida and the Road to Recovery
President Biden visits Florida to survey Hurricane Milton’s damage, as the state faces power outages, fuel shortages, and rising concerns over future storm resiliency.
Taiwan seeks to reassure on TSMC commitment to island despite U.S. investment
Taiwan’s economy minister said on Wednesday that the island remains chipmaker TSMC’s most important production base after the company announced it would more than triple planned investment at its new Arizona plant to $40 billion.
OPEC+ oil supply cuts could tip world into recession, IEA says
A decision by the OPEC+ oil producer group last week to rein in output has driven up prices and could push the global economy into recession, the International Energy Agency said on Thursday.
Exclusive: Biden to waive tariffs for 24 months on solar panels hit by probe
President Joe Biden will declare a 24-month tariff exemption on Monday for solar panels from four Southeast Asian nations after an investigation froze imports and stalled projects in the United States, sources familiar with the matter told Reuters.
Exclusive: U.S. Treasury’s Yellen and trade czar Tai at odds over China tariffs
President Joe Biden will have to resolve a heated internal debate among his aides over whether to cut taxes on goods from China as his administration tries to battle inflation, according to two U.S. officials and three other people familiar with the conversations.
The current status of the job market in the United States is improving: finding workers remains a challenge
The world’s economy was thrown into chaos as the Covid-19 outbreak wreaked havoc on the globe just when everything appeared to be settling down. However, the Russia-Ukraine conflict has once again hampered the global economy. Oil and other commodities are becoming more expensive. As Covid-19 brought with it a sense of foreboding terror, dread, and […]
Ukraine tensions lift dollar, yuan holds firm
LONDON, Jan 24 (Reuters) – The dollar rose to a two-week high on Monday against a basket of currencies, lifted by the tension between Russia and the West over Ukraine and the possibility of a more hawkish stance from the Federal Reserve this week. Markets were until recently not fretting about the massing of Russian […]
EXCLUSIVE Walmart arm did not deliberately remove Xinjiang goods, China exec tells analysts
Walmart Inc (WMT.N) arm Sam’s Club, responding to the furore in China over what local media said was its deliberate removal of Xinjiang-sourced products from its app, denied the move in a call with analysts and termed it “a misunderstanding”.
Oil prices steady ahead of OPEC+ meeting
Oil prices were largely steady on Tuesday as investors expected major producers to agree to stick to their planned output increase at their meeting later in the day amid diminishing concerns over the spread of the Omicron variant of COVID-19.
Analysis: Biden’s regulatory agenda to take shape in 2022
Next year will be a turning point for U.S. financial policy as Democratic President Joe Biden’s new regulators ready a slew of rule changes that are set to create headaches for Wall Street and corporate America.
