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International Trade and World Market

U S Eyes Trade Deals With Allies To Ease Clash Over Electric Car Subsidies

U.S. Eyes Trade Deals With Allies to Ease Clash Over Electric Car Subsidies

World / By

The Biden administration has faced backlash in Europe and Asia over its plans to bolster electric vehicle and battery production. BENGALURU, India — The Biden administration hopes to reach limited free trade agreements with countries in Europe and Asia that would not require congressional approval as it looks to ease allies’ concerns about legislation that …

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U S Eyes Trade Deals With Allies To Ease Clash Over Electric Car Subsidies

U.S. Eyes Trade Deals With Allies to Ease Clash Over Electric Car Subsidies

World / By

The Biden administration has faced backlash in Europe and Asia over its plans to bolster electric vehicle and battery production. BENGALURU, India — The Biden administration hopes to reach limited free trade agreements with countries in Europe and Asia that would not require congressional approval as it looks to ease allies’ concerns about legislation that …

U.S. Eyes Trade Deals With Allies to Ease Clash Over Electric Car Subsidies Read More »

How One Ukrainian Company Survived And Thrived Through A Year Of War

How One Ukrainian Company Survived, and Thrived, Through a Year of War

Sensex/Market / By

It was exactly a year ago, and the Ukrainian pet food maker Kormotech had concluded its annual meeting. The mood was buoyant. Business was booming, the factory was running 24/7, and sales were projected to grow by double digits. “We had a beautiful budget,” Rostyslav Vovk, the company’s chief executive and founder, recalled almost dreamily. …

How One Ukrainian Company Survived, and Thrived, Through a Year of War Read More »

Chinas Economic Support For Russia Could Elicit More Sanctions

China’s Economic Support for Russia Could Elicit More Sanctions

World / By

U.S. officials pledged to crack down on shipments to Russia that can be used for both civilian and military purposes, but that has proved hard to police. WASHINGTON — President Biden and his top officials vowed this week to introduce additional sanctions aimed at impeding Russia’s war efforts against Ukraine. But the administration’s focus is …

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Ford Will Build A U S Battery Factory With Technology From China

Ford Will Build a U.S. Battery Factory With Technology From China

Technology / By

Ford’s $3.5 billion plant in Michigan will draw on technology from CATL, a Chinese company that is the world’s No. 1 maker of electric-car batteries. Ford Motor said on Monday that it planned to build a $3.5 billion electric-vehicle battery factory in Michigan using technology licensed from a Chinese company that has become one of …

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Electric Vehicles Could Match Gasoline Cars On Price This Year

Electric Vehicles Could Match Gasoline Cars on Price This Year

Technology / By

Competition, government incentives and falling raw material prices are making battery-powered cars more affordable sooner than expected. More quickly than seemed possible a few months ago, sticker prices for electric vehicles are falling closer to the point where they could soon be on a par with gasoline cars. Increased competition, government incentives and falling prices …

Electric Vehicles Could Match Gasoline Cars on Price This Year Read More »

U S Aims To Curb Investment In China Amid Security Concerns

U.S. Aims to Curb Investment in China Amid Security Concerns

Technology / By

The Biden administration is preparing new rules that would restrict U.S. dollars from flowing to China. WASHINGTON — Growing concerns about China’s military and economic ambitions have lawmakers and the White House weighing yet another effort to restrict Beijing’s access to advanced technologies that could be used in war. This time, the U.S. government appears …

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E U Vows More Help For Ukraine But Tamps Down Membership Talk

E.U. Vows More Help for Ukraine but Tamps Down Membership Talk

World / By

European Union leaders met in Kyiv with President Volodymyr Zelensky, who said Ukraine would not give up on Bakhmut, the eastern city caught in a fierce battle with Russian forces. European Union leaders met in Kyiv on Friday with President Volodymyr Zelensky and delivered a symbolic embrace of Ukraine as it fights for survival against …

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Imf Upgrades Global Economic Outlook As Inflation Eases

IMF Upgrades Global Economic Outlook as Inflation Eases

World / By

The International Monetary Fund said the world economy was poised for a rebound as inflation eases. WASHINGTON — The International Monetary Fund said on Monday that it expected the global economy to slow this year as central banks continued to raise interest rates to tame inflation, but it also suggested that output would be more resilient than …

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Korean Solar Company Plans To Build 2 5 Billion Plant In Georgia

Korean Solar Company Plans to Build $2.5 Billion Plant in Georgia

Technology / By

Hanwha Qcells expects to make solar panels and their components in the United States to take advantage of President Biden’s climate policies. The climate and tax bill President Biden signed in August to increase the use of green energy and electric cars while expanding domestic manufacturing appears to be yielding some results. A Korean solar …

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Russias War On Ukraine Worsens Global Starvation

Russia’s War on Ukraine Worsens Global Starvation

Top News, Top Stories, World / By

Moscow blocks most shipments from Ukraine, one of the world’s largest wheat producers, and its attacks on the country’s energy grid also disrupt the flow of food. ISTANBUL — Hulking ships carrying Ukrainian wheat and other grains are backed up along the Bosporus here in Istanbul as they await inspections before moving on to ports …

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U S Pours Money Into Chips But Even Soaring Spending Has Limits

U.S. Pours Money Into Chips, but Even Soaring Spending Has Limits

World / By

In September, the chip giant Intel gathered officials at a patch of land near Columbus, Ohio, where it pledged to invest at least $20 billion in two new factories to make semiconductors. A month later, Micron Technology celebrated a new manufacturing site near Syracuse, N.Y., where the chip company expected to spend $20 billion by …

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India Emerges As Key Global Player Amid Russias War In Ukraine

India Emerges as Key Global Player Amid Russia’s War in Ukraine

India, World / By

Seated in the domed, red sandstone government building unveiled by the British Raj less than two decades before India threw off imperial rule, S. Jaishankar, the Indian foreign minister, needs no reminder of how the tides of history sweep away antiquated systems to usher in the new. Such, he believes, is today’s transformative moment. A …

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Us Proposes Global Green Steel Club That Would Put Tariffs On China

US Proposes Global Green Steel Club That Would Put Tariffs on China

Sensex/Market / By

A concept paper sent to the European Union suggests a new trade approach to promote metal made with less carbon emissions. WASHINGTON — The Biden administration on Wednesday sent a proposal to the European Union suggesting the creation of an international consortium that would promote trade in metals produced with less carbon emissions, while imposing …

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How Bidens Climate Push Could Spur A Trade War With Europe

How Biden’s Climate Push Could Spur a Trade War With Europe

Sensex/Market / By

The European Union is crying foul over the Inflation Reduction Act, saying the billions in climate subsidies it offers create a trade imbalance. Rock, paper, tariffs.Evelyn Hockstein/Reuters A trade war over a green agenda? Europe is growing hot over the Biden administration’s Inflation Reduction Act, with opposition to the sweeping climate and economic bill dominating …

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Chinese Solar Makers Evaded U S Tariffs Investigation Finds

Chinese Solar Makers Evaded U.S. Tariffs, Investigation Finds

Sensex/Market / By

The Biden administration pre-emptively halted any penalties from the case in June, prompting critics to say the administration had shortcut its own trade rules WASHINGTON — U.S. officials have determined that four of eight major Chinese solar companies under investigation in recent months tried to evade tariffs by funneling products into the United States through …

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Chinese Unrest Over Lockdown Upends Global Economic Outlook

Chinese Unrest Over Lockdown Upends Global Economic Outlook

World / By

Growing protests in the world’s biggest manufacturing nation add a new element of uncertainty atop the Ukraine war, an energy crisis and inflation. The swelling protests against severe pandemic restrictions in China — the world’s second-largest economy — are injecting a new element of uncertainty and instability into the global economy when nations are already …

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Foreign Trade Competition Has Hurt Black And Disadvantaged Workers Most Report Says

Foreign Trade Competition Has Hurt Black and Disadvantaged Workers Most, Report Says

World / By

A government trade agency report suggested that the impact of trade policy differed for workers depending on their race and socioeconomic status. WASHINGTON — People of color have been disproportionately hurt by the economic disruptions caused by global trade, as a trend toward offshoring and globalization in recent decades prompted U.S. factories to relocate abroad, …

Foreign Trade Competition Has Hurt Black and Disadvantaged Workers Most, Report Says Read More »

Russian Trade Boomed After Invading Ukraine Providing Ample War Funds

Russian Trade Boomed After Invading Ukraine, Providing Ample War Funds

World / By

Russia’s relationship with the world is continuing to evolve rapidly. To assess the global shifts, The Times analyzed years of country-level trade data compiled by the Observatory of Economic Complexity, an online data platform. Because the data is published with a lag, the picture it provides is inherently backward looking. Russia’s ability to trade with …

Russian Trade Boomed After Invading Ukraine, Providing Ample War Funds Read More »

Russian Trade Boomed After Invading Ukraine Providing Ample War Funds

Russian Trade Boomed After Invading Ukraine, Providing Ample War Funds

World / By

Russia’s relationship with the world is continuing to evolve rapidly. To assess the global shifts, The Times analyzed years of country-level trade data compiled by the Observatory of Economic Complexity, an online data platform. Because the data is published with a lag, the picture it provides is inherently backward looking. Russia’s ability to trade with …

Russian Trade Boomed After Invading Ukraine, Providing Ample War Funds Read More »

Opec Move Shows The Limits Of Bidens Fist Bump Diplomacy With The Saudis

OPEC Move Shows the Limits of Biden’s Fist-Bump Diplomacy With the Saudis

Sensex/Market / By

OPEC’s decision to curb oil production was a signal that President Biden’s influence over his Gulf allies was far less than he had hoped. WASHINGTON — The move by OPEC on Wednesday to reduce oil production sharply undercuts President Biden’s effort to avoid an increase in gas prices ahead of the midterm elections, while setting …

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How A Quebec Lithium Mine May Help Make Electric Cars Affordable

How a Quebec Lithium Mine May Help Make Electric Cars Affordable

Technology / By

About 350 miles northwest of Montreal, amid a vast pine forest, is a deep mining pit with walls of mottled rock. The pit has changed hands repeatedly and been mired in bankruptcy, but now it could help determine the future of electric vehicles. The mine contains lithium, an indispensable ingredient in electric car batteries that …

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Store Shelves Are No Longer Bare But Baby Formula Remains In Short Supply

Store Shelves Are No Longer Bare, but Baby Formula Remains in Short Supply

Lifestyle / By

While the situation has improved since mid-July, many families are still scrambling to find popular brands that remain out of stock. More than six months after one of the largest infant formula manufacturing plants in the United States issued a recall and was then shut down because of contamination concerns, a newborn staple remains in …

Store Shelves Are No Longer Bare, but Baby Formula Remains in Short Supply Read More »

Indias Electric Vehicle Push Is Riding On Mopeds And Rickshaws

India’s Electric Vehicle Push Is Riding on Mopeds and Rickshaws

India, Technology / By

In the United States, luxury-car buyers are snapping up Teslas and other electric cars that cost more than $60,000, and even relatively cheap models cost more than $25,000. Here in India, those are all out of reach of the vast majority of families, whose median income is just $2,400. But an electric vehicle movement is …

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U S Restricts Sales Of Sophisticated Chips To China And Russia

U.S. Restricts Sales of Sophisticated Chips to China and Russia

World / By

Limits were placed on high-end GPUs that power supercomputers and artificial intelligence, said Nvidia and AMD, two Silicon Valley chip makers. The Biden administration has imposed new restrictions on sales of some sophisticated computer chips to China and Russia, the U.S. government’s latest attempt to use semiconductors as a tool to hobble rivals’ advances in …

U.S. Restricts Sales of Sophisticated Chips to China and Russia Read More »

U S Bid To Cap Russian Oil Prices Draws Skepticism Over Enforcement

U.S. Bid to Cap Russian Oil Prices Draws Skepticism Over Enforcement

Sensex/Market / By

The maritime insurance industry says policing oil transactions is not workable, raising questions about enforcement of a buyer’s cartel. WASHINGTON — The Biden administration’s push to form an international buyer’s cartel to cap the price of Russian oil is facing resistance amid private sector concerns that it cannot be reliably enforced, posing a challenge for …

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As Congress Debated Landmark China Bill Beijing Surged Ahead

As Congress Debated Landmark China Bill, Beijing Surged Ahead

Sensex/Market / By

Experts are still assessing how China apparently leapfrogged ahead in its effort to manufacture a semiconductor that rivals those made in Taiwan, which supplies both China and the West. In the weeks before the House and the Senate ended 13 months of arguments and passed the $280 billion CHIPS and Science Act, China’s main, state-supported …

As Congress Debated Landmark China Bill, Beijing Surged Ahead Read More »

Facing Putins Energy Blackmail Europe Agrees To Cut Russian Gas Use

Facing ‘Putin’s Energy Blackmail,’ Europe Agrees to Cut Russian Gas Use

World / By

Holding together despite some nations’ dependence on Russia, the European Union agreed to make voluntary savings mandatory if the Kremlin suddenly decides to turn off the taps over its invasion of Ukraine. BRUSSELS — Fearing Russia could shut the taps this winter, the European Union agreed to a deal on Tuesday to curb natural gas …

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The Semiconductor Problem

The Semiconductor Problem

World / By

The military relies on advanced semiconductors. The U.S. doesn’t make any. The most advanced category of mass-produced semiconductors — used in smartphones, military technology and much more — is known as 5 nm. A single company in Taiwan, known as TSMC, makes about 90 percent of them. U.S. factories make none. The U.S.’s struggles to …

The Semiconductor Problem Read More »