Category: International Trade and World Market

In Surprise, OPEC Plus Announces Cut in Oil Production

The move is an apparent effort to boost prices. Still, its significance may be slight, especially if the global economy slows.
New Rules Will Make Many Electric Cars Ineligible for Tax Credits

The Biden administration hopes its guidelines for up to $7,500 in tax credits will encourage automakers to reduce their reliance on China for batteries and raw materials.
How Ukraine’s Battered Steel Industry Galvanized Its War Effort

The iron- and steel-producing factories of Ukraine’s rust belt have made body armor, helmets and armored plates for vehicles — and steelworkers risked their lives rolling out heavy machinery at the beginning of the war to help physically block the Russian advance.
Lawmakers Rebuke Biden for Bypassing Congress in Deal With Japan

The Democratic lawmakers called the Biden administration’s limited trade deal “unacceptable,” saying it should have been made available to Congress and the public for review.
After Doling Out Huge Loans, China Is Now Bailing Out Countries

Beijing is emerging as a new heavyweight in providing emergency funds to debt-ridden countries, catching up to the I.M.F. as a lender of last resort.
Global Economy May Be in a ‘Lost Decade,’ World Bank Warns

Adding to crises like the pandemic, recent stress in the banking system is a new threat to world growth, experts at the organization said.
The Lure of the ‘Made in America’ Sales Pitch

Geopolitics forced an entrepreneur, Taylor Shupe, to bring jobs back from China. It’s helping sell his meme-inspired socks too.
Support Grows to Have Russia Pay for Ukraine’s Rebuilding

Although U.S. officials have cautioned against seizing Russia’s reserves in foreign banks, others say it’s “crazy” not to after Moscow’s war of aggression.
China’s Rise Relied on the West. Xi Jinping Is Turning Away.

The Chinese leader has edged ever closer to Russia, while distancing China from countries that have helped it develop over the past four decades.
China Wine Tariff Pushes Australia’s Grape Growers Into Crisis

Two years later, they’re suffering from a glut of red wine and plummeting grape prices with no overseas market big enough to fill the gap.
Asian Markets Drop After Credit Suisse Moves to Borrow Billions

Stocks were set to open higher in Europe and the United States after days of volatility, but markets in Asia were down as fears grew about unseen risks.
Stocks Are Poised to Rise Monday as Regulators Act on Silicon Valley Bank

Officials in Japan, South Korea and India, some of Asia’s largest economies, assuaged concerns of a global ripple effect coming from the United States.