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Global Trade & Economics: Page 167

‘No Sign’ of Terrorism Seen in Car Blast at U.S.-Canada Border

Rainbow Bridge, which bans commercial traffic and mainly serves tourists, remains closed indefinitely.

The Rainbow Bridge that joins the U.S. and Canada near Niagara Falls. Photo: iStock.com/bloodua

Binance Founder Pleads Guilty to Money Laundering Violations

As part of Zhao’s guilty plea, he agreed to pay a $50 million fine and announced he would be stepping away from his role as the company’s CEO.

Photo: iStock.com/IgorIgorevich

Israeli Vessel’s Capture Reignites Fears Over Mideast Shipping

While the impact of the Israel-Hamas war has been contained so far, markets have been wary that the fighting will draw in other nations in the region, particularly Iran.

Photo: iStock.com/Yuliia Bukovska

NATO Members Seek to Reach Deal on Black Sea Mine-Sweeping Force

The mine-sweeping force wouldn’t be considered a NATO operation but would be the first major combined action of Black Sea allies since President Vladimir Putin ordered the war on Ukraine.

Photo: iStock.com/bstoner

Europe's Auto Exports Boosted by EV Subsidies

German manufacturers exported around 2.6 million new passenger cars in the 10 months through October, up 22% year over year.

Photo: iStock.com/DINphotogallery

Poland Truck Protests Leave Ukrainian Drivers Stranded

Polish firms say the vast majority of trade has been taken by Ukrainians since the passes were abolished by Brussels.

Image: iStock.com/Ivan Halkin

U.S. Signs Nuclear Cooperation Pact with the Philippines

The agreement was signed by the Philippines’ energy secretary and U.S. Secretary of State Antony Blinken November 16 in San Francisco, California.

Photo: iStock / Artush

October Marked Seventh Straight Month of Increased Spare Capacity

The survey showed that the extent to which supplier capacity went underutilized was higher in October 2023 than it was in September and August.

Photo: iStock / anyaberkut

Russian Roulette: The High-Stakes Game of U.S. and EU Sanctions on Russia

While economic sanctions aim to pressure targeted countries, it's critical to scrutinize their reciprocal impact on the enforcing countries' economies.

Photo: iStock.com/Ruma Aktar

Norway Seeks Closer Ties with Korean EV Battery Companies

At a conference in Pohang, industry group Battery Norway pitched Korean companies, including LG Energy Solution Ltd., Ecopro Materials Co. and Posco Future M Co. on why they should cooperate.

Photo: Bloomberg

Supply Chains Cannot Exclude China, Consultant Says

For the next few decades, demographic changes will exert a major inflationary threat. But a reversal in globalization will also lead to less efficient global production,

Photo: iStock.com/cybrain

Exxon Aims to Produce Lithium in Rare Foray From Fossil Fuel

The project would help Exxon mitigate losses from the expected reduction in gasoline and diesel demand over the coming decades.

Photo: Bloomberg

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