The Treasury Department announced new sanctions on oil shippers and traders that have been helping Russia circumvent price restrictions.
Category: International Trade and World Market
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Red Sea Attacks Add Another Snarl to Global Shipping
Already hampered by problems at the Panama Canal, shipping companies are now steering clear of the Suez Canal to avoid being attacked in the Red Sea.
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How the Suez Canal Attacks Could Upend Global Trade
Shipping rates have soared and energy prices remain volatile as vessels are redirected away from the vital commerce route.
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Chinese Traders and Moroccan Ports: How Russia Flouts Global Tech Bans
Using specialized e-commerce sites, secretive shipping workarounds and a constellation of middlemen, Russia has obtained the tech components it needs to keep its economy and war in Ukraine going.
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The Debt Problem Is Enormous, and the System for Fixing It Is Broken
Economists offer alternatives to financial safeguards created when the U.S. was the pre-eminent superpower and climate change wasn’t on the agenda.
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Lead Levels in Children’s Applesauce May Be Traced to Cinnamon Additive
The F.D.A. is investigating the sources of cinnamon and other ingredients produced outside the U.S. as the possible cause of lead poisoning in dozens of children. Advocates are urging mandatory testing of lead in food.
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John Kerry on the COP28 Agreement and What Comes Next
John Kerry said major oil-exporting countries’ willingness to acknowledge that the era of fossil fuels must come to an end underscored the “urgency” of the deal.
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Lawmakers Call for Raising Tariffs and Severing Economic Ties With China
A bipartisan congressional report recommended revoking permanent normal trade relations with Beijing.
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Why Volkswagen Is Hiring 3,000 Engineers in China
Volkswagen is shifting more operations to China, tapping the country’s electric vehicle capacity and building factories.
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Tiny Electric Vehicles Pack a Bigger Climate Punch Than Cars
Two- and three-wheeled vehicles, used by billions of people, are moving away from fossil fuels to batteries faster than cars in countries that have made the energy transition a priority.
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Addressing the Tensions Between China and the Rest of the World
U.S.-China trade is at a record high, but businesses and governments are wrestling with how to balance national security and commercial interests.