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Biden’s Rust Belt revival plan risks luring more foreign steel
Arguably the biggest beneficiaries of President Joe Biden’s plan to spend $620 billion on highways, roads and bridges are the steelmakers. Mostly the ones in other countries. But not so much the...
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Washington state faces uncertainty as Biden continues hard line on trade
The new administration wants more equitable trade policies than those pursued by presidents prior to Trump. Details are lacking, but Washington's trade dependence is again highlighted.
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How Brexit ruined Easter for Britain’s chocolate makers
LONDON — For the second year in a row, Easter will be a largely online affair, with socially distanced egg hunts and virtual church services. But there will be one notable difference here in the...
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U.S. trade deficit jumps 4.8% to $71.1 billion in February
The U.S. trade deficit grew to a record $71.1 billion in February as a decline in exports more than offset a slight dip in imports, with severe weather taking much of the blame from analysts, who were...
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Garment workers who lost jobs in pandemic still wait for severance pay
Most garment workers earn chronically low wages and few have any savings. A new report says millions of dollars in wages have been withheld from those workers around the world by factories contracted...
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US sanctions Chinese computer makers in widening tech fight
Sanctions announced Thursday are the latest sign President Joe Biden is sticking to the tough line taken by his predecessor, Donald Trump, toward Chinese tech industries seen by Washington as potential...
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In 2020, there was an epic collapse of demand. Now, the problem is supply.
Huge swaths of the economy shut down last spring and are now being turned back on. The question is how long it will take businesses to get up to speed and overcome disruptions in the workforce, supply...
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2 Korean battery makers settle dispute that threatened Biden’s green agenda
Two South Korean manufacturers of electric vehicle batteries that are building plants in the United States said Sunday that they had reached a $1.8 billion settlement in a trade secrets dispute that...
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Egypt seizes the Ever Given, saying its owners owe nearly $1 billion for Suez...
In the latest complication to the ill-fated voyage, Egypt has seized the Ever Given over its owners' "failure to pay an amount of $900 million," the total compensation that Egypt believes it is owed...
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Beleaguered automakers face new scarcity where the rubber meets the road
The rubber shortage threatens to further disrupt vehicle production just as demand rebounds and the Biden administration douses the U.S. economy with $1.9 trillion in stimulus spending.
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Chip shortage will last beyond 2022 as demand far outstrips supply, Intel...
The global semiconductor shortage hammering the auto industry and other manufacturers is going to take "a couple of years" to abate, as demand soars alongside limited manufacturing capacity, the CEO of...
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Another unlikely pandemic shortage: bubble tea
Tapioca, the starch used to make the featured topping in the popular boba tea drink, is in short supply, yet another sign of how the pandemic has snarled global supply chains, upended industries and...
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A new way of applying private money to protect tropical forests
To help fight climate change, the U.S., Norwegian and British governments have joined forces with a group of big companies to cut greenhouse gas emissions by rewarding countries that put a stop to the...
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Frustration builds on world’s longest border as Canada goes slow
Canada's Justin Trudeau is between a rock and a hard place. On one side are critics who say loopholes in travel rules have made the pandemic situation worse. On the other, businesses are calling for...
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Shipping containers plunge overboard as supply race raises safety risks
Weather is getting more unpredictable, while ships are growing bigger, allowing for containers to be stacked higher than ever before. Meanwhile, a surge in e-commerce during the pandemic has increased...
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Stark scenarios in U.S. intelligence report paint a dire future for climate,...
The newest 20-year forecast by U.S. intelligence agencies offers a stark warning. Will we heed it? Columnist Jon Talton walks us through the forecast.
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Pandora, world’s largest jewelry maker, drops mined diamonds
Pandora, which makes more pieces of jewelry than any other company in the world, will no longer use mined diamonds, dropping another raw material tainted by ethical concerns. Its first collection with...
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US trade deficit hits record $74.4 billion in March
The U.S. trade deficit surged to a record $74.4 billion in March as an improving U.S. economy drove purchases of imported foreign goods.
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Amazon had a big year, but paid no tax to Luxembourg, its European headquarters
Amazon had a record-breaking year in Europe in 2020, as the online giant took in revenue of 44 billion euros. But the company ended up paying no corporate tax to Luxembourg, where the company has its...
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Copper prices hit decade high as supply constraints buttress demand growth
The reopening of major industrial economies is sparking a surge across commodities markets from iron ore to lumber, with tin climbing above $30,000 a ton for the first time since 2011 on Thursday.
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