Category: International Trade and World Market

Oil Prices Slide as Investors Worry Energy Demand Is Slowing

The New York Times – Business:
The U.S. benchmark oil price fell below $80 a barrel on Friday, and gasoline prices in some states are now close to $3 a gallon.
What Is ‘Friendshoring’?

The New York Times – Business:
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Foreign Trade Competition Has Hurt Black and Disadvantaged Workers Most, Report Says

The New York Times – Business:
A government trade agency report suggested that the impact of trade policy differed for workers depending on their race and socioeconomic status.
Japan’s Economy Shrinks, Weighed Down by a Weak Yen and Rising Inflation

The New York Times – Business:
The economy contracted 1.2 percent as consumers and businesses were hit with rising import prices.
Markets Edge Higher at End of a Strong Week

The New York Times – Business:
Signs of China easing its pandemic restrictions appeared to bolster stocks, adding to investors’ bullishness about cooling inflation in the United States.
U.S. Seeks Closer Ties with India as Tension with China and Russia Builds

The New York Times – Business:
Treasury Secretary Yellen wants India to be part of the Biden administration’s “friend-shoring” agenda but trade tensions linger.
Price of Diesel, Which Powers the Economy, Is Still Climbing

The New York Times – Business:
Russia’s invasion of Ukraine is one reason that the fuel is scarce. Another is a series of yearslong, intertwined events that cover the globe.
Germany’s Leader Seeks Accord With China on Covid Vaccines

The New York Times – Business:
Chancellor Olaf Scholz said during a visit to Beijing that China and the European Union were working toward approval of each other’s pandemic vaccines.
US Extends Enforcement of Sanctions on Russian Oil Deliveries to January

The New York Times – Business:
No decision has been made on the price of the oil cap, which will take effect in five weeks.
Inflation, GDP and the Economy: What We Learned This Week

The New York Times – Business:
Fresh data on inflation and growth, and actions by policymakers , created a complex picture of the global economy.
Exxon and Chevron Rack Up Giant Profits

The New York Times – Business:
Exxon Mobil and Chevron reported another round of strong profits. But they face political fire over gasoline prices, even as they fear a new downturn.
Exxon and Chevron Rack Up Giant Profits

The New York Times – Business:
A fourth straight quarter of robust results came on the back of high oil and natural gas prices.