Modi doesn't need Musk to win elections, but billionaire's visit a boon for India, expert says
India's electric vehicle market remains underdeveloped, with EV's making up around 2% of car sales in the country, which ranks as the third-biggest automobile market.
Biden takes action against China’s unfair practices to protect US steel and shipbuilding industries
Biden called on the United States Trade Representative to triple the tariff rate on Chinese steel and aluminum imports and to investigate China’s unfair shipbuilding practices.
Economists weigh pros and cons of Trump plan for 60% tariff on China
Economists debate the pros and cons of former President Trump's proposed 60% tariff on all Chinese imports, which could raise prices on American business and consumers.
Biden admin weighs labels for products made by Israeli settlers in West Bank: report
The Biden administration is reportedly considering requiring products made in the West Bank by Israeli settlers to say those goods were made in the West Bank instead of Israel.
Yellen says 'tough conversations' needed on China's overproduction
Treasury Secretary Yellen met with Chinese Premier Li Qiang on Sunday during her trip to China and raised concerns about China's overproduction of EVs and green tech.
Apple and Nvidia may see supply chain disruptions from Taiwan earthquake
Taiwan was struck by its biggest earthquake in 25 years this week and the country's semiconductor industry may face some disruptions as it restores operations.
US has a shortage of manufacturing workers and it threatens global competitiveness
American manufacturing businesses will need about 3.8 million new workers between 2024 and 2033 but up to half of those roles may go unfilled, according to a new study.
Trapped vessels navigate Port of Baltimore after bridge collapse
Vessels trapped in the Port of Baltimore have begun to navigate a temporary channel cleared by the Coast Guard and state of Maryland after the Key Bridge collapsed last week.
Maryland governor warns bridge collapse will have 'massive impact' on US economy across multiple industries
Maryland Gov. Wes Moore on Sunday warned that industries ranging from farming to auto sales across the country would be hurt by the bridge collapse.
Baltimore port closure may hit US coal export volumes
The Port of Baltimore's temporary closure following the collapse of the Francis Scott Key Bridge could impact U.S. exports of coal, given its role as the second-largest coal export hub.
Chinese company buys European flying car technology: report
A technology behind a European designed flying car, known as AirCar, has been purchased by a Chinese firm called Hebei Jianxin Flying Car Technology Company for an undisclosed fee.
Baltimore bridge collapse shutters port indefinitely, impacting supply chain
The collapse of the Francis Scott Key Bridge after the container ship Dali collided with it has prompted the closure of the Port of Baltimore for an indefinite period of time.
Baltimore bridge collapse to bring trade and traffic chaos
The collapse of the Francis Scott Key Bridge is expected to have major repercussions for trade and traffic, with cargo ships likely to be rerouted causing backlogs and price increases.
China blocks use of Intel and AMD chips in government computers: report
The Chinese government is banning the use of chips made by U.S. firms Intel and AMD along with foreign-made software in favor of microprocessors and tech made in China.
Apple products, including Vision Pro, still available in Russia despite company's export ban: report
Apple suspended exports to Russia, and the company's website remains inactive since the start of the Ukraine invasion, but resellers have acquired the products through third-party vendors.
US steel worker sounds off as WV tin plant shuts its doors, putting 900 jobs on the line: 'Total travesty'
Mark Glyptis, United Steelworkers Local 2911 union president, warned the consequences of closing a West Virginia tin mill in favor of imported products could spell disaster for the U.S.
US dollar to remain world's reserve currency, Fed's Waller says
The Fed's Christopher Waller said that he expects the U.S. to remain the world's leading reserve currency given a lack of practical alternatives and the dollar's status as a safe haven.
Imported luxury cars such as Audi held by US over banned part linked to forced labor in China
Thousands of luxury cars slated to be imported to the U.S. are being held by customs officials while Volkswagen replaces a part linked to forced labor in China's Xinjiang region.
Shipping giant Maersk says Red Sea diversions could stretch into second half of 2024
Shipping behemoth Maersk does not expect the Red Sea crisis to subside in the near future, and is warning customers to expect ship diversions into the second half of the year.
Temu's Super Bowl ads spark backlash over China-based firm's forced labor allegations
E-commerce platform Temu's Super Bowl ads drew the ire of lawmakers who called out the retailer's data protections and lack of safeguards to keep forced labor out of supply chains.