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News
JD.com's Ceconomy concessions face criticism from rivals, sources say
3+ day, 15+ hour ago (228+ words) They said the European Commission, which acts as the European Union’s competition enforcer, informed JD.com earlier this week of the responses to concessions it offered last month. The Commission, which will decide on the deal by October 23, and JD....
Capital One and JPMorgan bet that fighting Trump may be safer than settling
3+ day, 22+ hour ago (980+ words) By Nupur Anand and Jonathan Stempel Trump and his businesses are suing the banks, alleging they closed his accounts in 2021 for political reasons. They deny the claims. Capital One told a federal court in July that it closed Trump’s accounts…...
Republican lawmakers criticize Ford business ties to China
4+ day, 9+ hour ago (356+ words) Duffy in a letter to CEO Jim Farley sent on Tuesday urged Ford to cut ties with major Chinese companies, saying that the automaker’s dealings with Chinese battery maker CATL and automakers Geely and BYD raised “profound concern.” Duffy said…...
Argentina to file criminal charges against Navitas Petroleum over Falklands drilling
6+ day, 1+ hour ago (327+ words) The move follows remarks on Friday by Argentine President Javier Milei, who vowed to sanction oil companies drilling in the British overseas territory as he stepped up the South American nation’s sovereignty claims. According to a statement from the presidency,…...
South Korea, US agree on more than $20 billion gas plant investment in Texas, media reports
1+ week, 1+ hour ago (259+ words) The project, which would be Seoul’s first U.S. investment under last year’s trade agreement, aims to build a 6.3-gigawatt gas plant in Encinal, Texas, to meet rising power demand for AI data centres, according to the media reports. The investment would…...
Analysis-Iran's Hormuz leverage wanes as US economic squeeze bites
1+ week, 19+ hour ago (857+ words) After years of surviving sanctions, Tehran is now confronting one of the harshest squeezes in the Islamic Republic’s history, according to Iranian insiders and regional sources. A U.S. naval blockade and tougher sanctions are curbing oil exports, restricting access to foreign…...
Trump keeps heralding an economic boom, but even a solid jobs report is causing problems for him
1+ week, 1+ day ago (696+ words) “Success does not cause inflation. Stupidity causes inflation,” Trump vented in the Oval Office, as he declared it “crazy” that the stock markets fell Friday on inflation concerns. As the promised growth has yet to materialize, the president has lost…...
Fed survey shows economic activity edged up, prices rose moderately in recent weeks
1+ week, 4+ day ago (708+ words) Sept 2 (Reuters) – U.S. economic activity increased modestly, employment rose slightly and prices increased moderately in recent weeks, according to a mixed report published on Wednesday by the Federal Reserve that may do little to convince central bank policymakers one way…...
Heads or tails? $1 coin with Trump's face and gold finish to go on sale
1+ week, 4+ day ago (289+ words) The coin’s design — Trump’s visage as “heads” and the Great Seal of the United States as “tails” — was given the stamp of approval this year by the U.S. Commission of Fine Arts, whose members Trump appointed. In past comments,…...
US oil giant Chevron confirms it will expand operations in Venezuela
1+ week, 4+ day ago (488+ words) Chevron, the only U.S. oil company that has a major presence in the country, said Wednesday that it has been assigned additional acreage in the Orinoco Belt, where the company has an established position. Joint venture plans include investing more than…...