China producer prices turn negative in warning sign for global economy

China producer prices turn negative in warning sign for global economy

SINGAPORE – Prices charged by Chinese companies at the factory gate registered their first annual decline in nearly two years, another depressing signal for the global economy, as bulging inventories and cautious consumers in the West hit overseas demand for Chinese-made goods. Chinese producer prices fell 1.3% in October from a year earlier, the National … Read more

From Teslas to BMWs, cars pile up on land and sea in a German port

From Teslas to BMWs, cars pile up on land and sea in a German port

Krisztian Bocsi | Bloomberg | Getty Images The port of Bremerhaven, the most important roll on/roll off port in Germany and one of the largest automotive hubs in the world, is in crisis. The combination of the lack of drivers to move containers and cars out of the port and large volumes of regular trade … Read more

US, Taiwan start talks to deepen trade, economic ties

US, Taiwan start talks to deepen trade, economic ties

The United States and Taiwan began two days of face-to-face meetings in New York on Tuesday aimed at strengthening trade and economic ties at a time of heightened tensions between Washington and Beijing. Although the pact will not be concluded until at least next year, Taiwanese officials have said they hoped to deliver an “early … Read more

US, Taiwan start talks to deepen trade, economic ties

US, Taiwan start talks to deepen trade, economic ties

The United States and Taiwan began two days of face-to-face meetings in New York on Tuesday aimed at strengthening trade and economic ties at a time of heightened tensions between Washington and Beijing. Although the pact will not be concluded until at least next year, Taiwanese officials have said they hoped to deliver an “early … Read more

Boeing’s aircraft deliveries fell in October on 737 airframe defects

Boeing’s aircraft deliveries fell in October on 737 airframe defects

A Boeing 737 MAX 8 sits outside the hangar during a media tour of the Boeing 737 MAX at the Boeing factory in Renton, Washington. Matt McKnight | Reuters Boeing‘s aircraft deliveries in October fell from a month earlier after an airframe failure in its best-selling 737 Maxes delayed the handover of new planes. Boeing … Read more

Mexico threatens a trade war with the US and Canada

Mexico threatens a trade war with the US and Canada

Relations between the United States and Mexico are on the rocks again, but it is not because of a fast-talking American politician who insults the neighbors. (That was Donald Trump, in case you forgot.) The latest confrontation is a looming commercial conflict sparked by Mexican President Andrés Manuel López Obrador, aka AMLO. Last month, Mexico’s … Read more

China’s exports are falling sharply as the global economy slows

China’s exports are falling sharply as the global economy slows

SINGAPORE – China’s exports to the rest of the world unexpectedly shrank in October, a sign that global trade is in sharp retreat as consumers and businesses cut spending in response to aggressive moves by central banks to tame inflation. The drop in exports from the world’s factory floor adds to the gloom surrounding the … Read more

The Ukraine war gives Turkey’s Erdogan an opportunity to expand his influence

The Ukraine war gives Turkey’s Erdogan an opportunity to expand his influence

ISTANBUL – Turkish President Recep Tayyip Erdogan is deepening his country’s military support for Ukraine while keeping an open line of communication with his Russian counterpart Vladimir Putin – a relationship that helped keep Ukrainian grain exports afloat this week – as he tries to expand Turkey’s role as a regional electricity broker. In recent … Read more

Labor costs are showing slower growth, while the trade deficit is widening and unemployment claims are easing

Labor costs are showing slower growth, while the trade deficit is widening and unemployment claims are easing

Labor costs rose less than expected, but low productivity helped keep pressure on inflation in the third quarter, according to Labor Department data released Thursday. Unit labor costs, a measure of productivity relative to compensation, rose 3.5% for the July-September period, below the Dow Jones estimate of 4% and down from 8.9% in the second … Read more

Europe seeks exemption from US rules on tax breaks for electric cars

Europe seeks exemption from US rules on tax breaks for electric cars

BRUSSELS – US and European Union environmental policies are on a collision course, prompting an urgent meeting to defuse rising tensions over clean-tech subsidies that threaten to disrupt a trade relationship that leaders had promised to rebuild. A new task force focused on clean-energy tax credits that were included in the US Inflation Reduction Act … Read more