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Global Trade & Economics: Page 183

Costa Rica Forms Semiconductor Partnership with the U.S.

The U.S. Department of State said the two countries will explore opportunities to diversify and expand the global semiconductor market.

Photo: iStock/kynny

Japan to Propose Global Natural Gas Reserve to Avoid Shortages

The Japanese government will suggest that the International Energy Agency create a gas stockpiling framework for its member nations.

Chiba Prefecture, Japan. December 2021. Photo: Kiyoshi Ota/Bloomberg

Russia Backs Out of Wartime Grain Deal with Ukraine

A spokesperson said Russia would be suspending the Black Sea Grain Initiative until the country’s demands to export its goods to the rest of the world are met.

Photo: iStock.com/Michele Ursi

How the U.S. and EU Hope to Loosen Asia’s Grip on the Global Semiconductor Market

The U.S. and Europe will need to stimulate more innovation and reward manufacturers if they hope to loosen Asia's grip on the global semiconductor market.

Photo: iStock.com/Mykola Pokhodzhay

Japan and Saudi Arabia Expected to Agree on Rare-Earth Investment Deal

A deal is expected between Japan’s Ministry of Economy, Trade and Industry, the Japan Organization for Metals and Energy Security and Saudi Arabia’s Ministry of Industry and Mineral Resources.

Photo: iStock.com/RHJ

U.K. Joins CPTPP Indo-Pacific Trade Pact

The United Kingdom is the first European country to join the trade agreement and is projected to be the pact’s second-biggest economy behind only Japan.

Photo: iStock.com/NicoElNino

UPS Strike Could Be the Costliest in U.S. History, Study Finds

A 10-day strike of 340,000 workers would reportedly result in over $1.1 billion in lost direct wages and more than $7 billion in total economic losses.

Photo: iStock.com/jekershner

Germany Planning to Reduce Dependence on China

The German government says the country is interested in becoming less dependent on China while not decoupling from the Asian nation.

Photo: iStock.com/Zerbor

Venture Global Delays Contracted LNG Shipments Until End of 2024

The company has reportedly revised the start of contract cargoes from its Calcasieu Pass LNG plant to late 2024, extending a previous delay by almost a year.

Wilhelmshaven, Germany. July 2022. Photo: David Hecker/Getty Images/Bloomberg

Podcast | U.S. vs. China: Are We Losing the Economic Competition?

Is it time for the U.S. to take a more aggressive approach to China’s plan for global economic dominance?

Photo: iStock.com/Dilok Klaisataporn

Data Sets Manufacturers up for Success in the CHIPS Era

To maximize product value and optimize revenue, manufacturers should leverage leading data to enable a proactive — rather than reactive — business strategy.

Photo: iStock.com/NicoElNino

Port of LA Cargo Volumes Hit a 12-Month High in June

The volumes for June 2023 were just 5% lower than the port's all-time monthly cargo handling record, which was set in June 2022.

Port of Los Angeles. Photo: iStock.com/jgroup

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