Hard Landing Is Here for Trade, Roiling World Export Champs
Supply Lines is a daily newsletter that tracks global trade. Sign up here. As economists gauge the likelihood
2023-08-11 19:50
Don't be fooled by rising consumer price data, take a peek behind the numbers
US consumer prices rose 3.2% for the 12 months ending in July, according to the latest Consumer Price Index, which landed Thursday. That compares to 3% in June.
2023-08-11 19:45
Air Canada posts quarterly profit versus year-ago loss
Air Canada reported a quarterly profit on Friday compared with a year-ago loss as Canada's largest airline cashed
2023-08-11 18:26
Biden administration to invest $1.2 billion in projects to suck carbon out of the air
The Biden administration will announce on Friday its first major investment to kickstart the US carbon removal industry -- something energy experts say is key to getting the country's planet-warming emissions under control.
2023-08-11 17:26
X CEO Linda Yaccarino says company is still watching Threads competition
X CEO Linda Yaccarino, leader of the platform formerly known as Twitter, said the company is keeping an eye on new competitor Threads, despite the sharply slowing growth of the rival app from Meta.
2023-08-11 00:59
Top UAE Grocer Lulu to Raise $2.7 Billion Ahead of Possible IPO
Lulu Group International, which operates one of the Middle East’s largest hypermarket chains, is raising 10 billion dirhams
2023-08-10 19:57
It's not the 1970s but stagflation is back in the picture
For the past two years, economists have been worrying about the risks of high inflation rates. But far less attention has been given to inflation's sibling: stagflation.
2023-08-10 19:16
Indian Tycoon Adani Prepared to Go Solo on Hydrogen Mega-Project
India’s Gautam Adani is prepared to go it alone in spending billions of dollars on developing green hydrogen
2023-08-10 17:45
China Slams Canada Over Claim It Likely Targeted a Lawmaker
China hit back at Canada over accusations it was probably behind a disinformation campaign aimed at a lawmaker
2023-08-10 14:52
Electric Cadillac Escalade has 750 horsepower and can crab walk
The new all-electric Cadillac Escalade IQ shares virtually nothing with the boxy gas-powered Escalade, but it's possibly the most important flag-bearer yet for the automaker's transition to electric vehicles.
2023-08-10 00:17
What does Moody's downgrade mean for markets?
Moody's on Monday evening downgraded 10 US banks and put the credit ratings of six others on review, an indication that the agency could also eventually downgrade those institutions.
2023-08-09 19:49
Europe Cuts Back on Firefighters Even as Blazes Ravage Continent
Most countries in Europe are paring their army of firefighters even as the continent battles increasingly intense heat
2023-08-09 16:00