Two sources familiar with Trump’s plan told Reuters that oil would not be exempted from potential tariff hikes on imports from Canada and Mexico, despite the U.S. oil industry’s warnings that the policy could hurt consumers, industry, and national security. Canada and Mexico are the top two petroleum exporters to the United States, contributing 52% […]
The Nikkei newspaper said that Japan’s Mitsubishi Motors is set to join an alliance between Honda Motor and Nissan Motor, creating a tie-up between automakers with combined sales of more than 8 million vehicles. Mitsubishi Motors, which is 34% owned by Nissan, will work with Honda and Nissan to finalize the details of their strategic […]
The price of the world’s largest cryptocurrency slid more than 8% to $53,523, below chart support around $55,000 and its lowest since late February. It has lost some 12% for the week so far, even as many of the risk-sensitive assets it tends to track, such as the Nasdaq (.IXIC), open new tab, have gained. […]
The agreement, yet to be ratified by the Associate of Flight Attendants union members, is also the first to make boarding pay legally binding for unionized flight attendants, the union said on Tuesday. Flight attendants in the US are usually paid an hourly rate after the flight cabin doors close and it does not include […]
The funds from the U.S. Biomedical Advanced Research and Development Authority will be used to complete late-stage development and testing of a pre-pandemic mRNA-based vaccine against H5N1 avian influenza, the company said in a statement. The agreement also includes additional options to prepare and accelerate a response to future public health threats, the company said. […]
A stronger greenback makes dollar-denominated commodities less attractive for holders of other currencies. However, both benchmark crude contracts gained about 3% last week on signs of stronger oil product demand in the U.S., the world’s largest consumer, and OPEC+ cuts kept supply in check. U.S. crude inventories fell while gasoline demand rose for the seventh […]
The strikes, which included the use of long-range B-1 bombers flown from the U.S., are the first in a multi-tiered response by President Joe Biden’s administration to the attack by Iran-backed militants, and more U.S. military operations are expected in the coming days. While the U.S. strikes did not target sites inside Iran, they signal […]
