Oil prices spiked and stocks fell as tensions between Washington and Tehran unnerved investors.
Category: United States International Relations
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Jittery Markets Seek an Iran ‘Off-Ramp’
The New York Times – Business: -
Trump Mulls a North American Trade Pact Without Canada
The New York Times – Business:U.S. officials are threatening major changes to a trade agreement with Mexico and Canada that could upend the way business is done and leave Canada on the outs.
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Europe Worries Trump Poses Threat to Its Financial and Tech Sovereignty
The New York Times – Business:European leaders have been compelled to address the possibility of once-remote risks to the financial networks and technology that undergird their economies.
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India’s Prime Minister Faces Blowback Over Trade Deal With Trump to Lower Tariffs
The New York Times – Business:Prime Minister Narendra Modi won a big reduction of sky-high tariffs, but critics say he undermined Indian sovereignty and undercut the nation’s farmers.
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In a Bid to Kick-Start Growth, Britain Turns to China
Buffeted by tariffs and trade tensions, Prime Minister Keir Starmer took British business leaders to China and emerged with deals on visas and Scotch whisky, as well as pledges to deepen ties.
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Chevron Points to Venezuela’s Promise as Big Oil Earnings Fall
The two largest U.S. oil companies, Chevron and Exxon Mobil, reported their lowest annual profits in years.
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Venezuelan Lawmakers Approve Sweeping Overhaul of Oil Sector
Bowing to Trump administration pressure, the new legislation improves conditions for foreign oil companies and opens the way to slash the taxes they pay.
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South Africa Cancels Release of ‘Melania’ Documentary
The distributor, which was set to release the film on Friday, said it had canceled the theatrical premiere because of “recent developments,” but declined to specify.
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U.S. Automakers’ Foreign Troubles Now Extend to Canada
U.S. trade policy has devastated the Canadian auto industry and pushed the country to reach an agreement that will make it easier for Chinese companies to sell cars there.
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For Greenland Tourism, Trump’s Interest Creates Uncertainty
Bookings to the island increased last year, and there are plans for two new airports. Threats from President Trump may change that.