TAG · Economy
Germany has withdrawn from the tri-national Future Combat Air System stealth-fighter project, ending a two-decade effort to build a next-generation combat aircraft and dealing a setback to European defense ambitions as the United States…
3 MIN READNippon Steel plans to invest $2 billion to $2.5 billion over three years to replace the 88-year-old hot-strip mill at U.S. Steel's Mon Valley Works near Pittsburgh, a project that company executives said will keep the aging plant operating…
4 MIN READU.S. food ingredients maker Ingredion has agreed to acquire British rival Tate & Lyle for £2.7 billion ($3.6 billion) in cash, a deal that could eliminate nearly 500 jobs and marks another high-profile exit from the London stock market.
3 MIN READA long trade war with China is under way, and President Donald Trump's scattershot tariff strategy is the wrong approach to confronting Beijing's export dominance, according to trade analyst Eduardo Porter in an analysis published Saturday…
3 MIN READThe average vehicle on U.S. roads is about 13 years old, a historic high, as drivers hold onto cars longer due to high prices, elevated interest rates and improved vehicle durability. The shift is reshaping the economics of the auto…
3 MIN READStifel analysts initiated coverage of FedEx Freight, the newly independent less-than-truckload carrier spun off from FedEx on June 1, citing a recovery in the U.S. industrial economy that could boost freight demand. The analysts said the…
3 MIN READCrude palm oil fell for a second session Friday amid weakness in soybean oil and soft export demand, while Lynas Rare Earths appointed an interim CEO and analysts issued varied calls on mining stocks including BHP, Deep Yellow and…
3 MIN READFord is recalling almost 420,000 vehicles in the U.S. because of a seat belt retractor issue that could prevent the belts from retracting or extending, increasing the risk of injury in a crash, according to the National Highway Traffic…
3 MIN READNissan has signed a non-binding agreement to explore contract manufacturing vehicles for Chinese state-backed automaker Chery at its Sunderland plant, a move that would safeguard around 6,000 jobs and mark the first mass-market Chinese car…
3 MIN READSpiro, an electric vehicle company operating across Africa, secured $215 million in equity financing on Monday to expand its battery-swapping infrastructure and mobility services on the continent. The investment round drew backing from…
3 MIN READUSA Rare Earth announced Monday it plans to invest more than 175 million euros ($204.1 million) through 2030 to expand metal, alloy, and magnet production in France, part of a broader U.S. push to secure alternative sources of rare earth…
3 MIN READTOKYO — Chinese robotics companies took center stage Thursday at the opening of the Humanoids Summit Tokyo, showcasing dexterous mechanical hands and agile humanoid machines that underscored China's growing dominance in a field Japan and…
3 MIN READVolkswagen has begun rolling out the first vehicles developed under its "in China, for China" strategy, a $3.5 billion bet on locally designed cars aimed at regaining ground in the world's largest auto market after years of erosion by…
3 MIN READU.S. defense contractors will need at least three years to restock heavily depleted inventories of Tomahawk cruise missiles and Patriot and THAAD air defense interceptors. The finding comes from a new analysis released Wednesday by the…
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Ferrari on Monday rolled out its first fully electric car, the Luce, showing the model to Italy’s President and Pope Leo XIV, but the leap into battery power came as other luxury automakers retreat from ambitious electrification plans and…
3 MIN READThe NTSB said a flaw linked to the engine mount on Boeing’s MD-11 grew unnoticed as federal regulators allowed the inspection schedule to be relaxed for longer periods, and that the FAA approved the change after reviewing a request from…
3 MIN READA South Dakota-based biofuels producer and a California energy startup have begun operations on one of the world's largest thermal energy storage systems, situated directly adjacent to an ethanol processing facility in Big Stone City. The…
3 MIN READA Minnesota quartz CEO and Trump donor, Marty Davis, has asked the U.S. government to impose broader tariffs on imported quartz slabs, setting up a high-stakes decision for President Trump after the U.S. International Trade Commission…
4 MIN READThe Boeing Co. secured a 200-aircraft order from China, reopening a market that was once central to its growth, President Donald Trump and the company announced Friday following Trump’s summit with Chinese President Xi Jinping. Boeing…
4 MIN READHonda reported its first full-year loss, blaming heavy costs tied to its electric-vehicle strategy. The company said it expects to return to profit in the fiscal year ending March 2027, while Chief Executive Toshihiro Mibe said Honda will…
3 MIN READHonda Motor Co. reported the first full-year loss in its history Thursday, booking a 423.9 billion yen ($2.7 billion) deficit, as heavy spending on electric vehicles collided with President Donald Trump’s rollback of environmental…
3 MIN READTokyo-based Calbee Inc. said Wednesday it is shifting 14 of its snack products to black-and-white packaging, a move the company attributes to supply-chain disruptions caused by the war in Iran and the resulting closure of the Strait of…
3 MIN READRLWRLD, a South Korean robotics startup, is wiring workers at sites including Lotte Hotel Seoul, CJ and Lawson to capture how people perform tasks. The company says the motion and force data will help train robot “brains” that could expand…
3 MIN READJapanese snack maker Calbee said it will change the packaging on some products to black-and-white starting May 25, citing disruptions from the Iran war that affect a supply of ingredients used in colored ink.
3 MIN READMichigan is demanding repayment of a $35 million loan from the American Center for Mobility, a nonprofit autonomous vehicle testing facility in Ypsilanti Township that supporters say is critical to keeping the state's auto industry…
3 MIN READMichigan is demanding repayment of a $35 million loan to the American Center for Mobility, a Ypsilanti Township test facility for autonomous vehicles, supporters say the demand could threaten the nonprofit’s finances. Negotiations with the…
3 MIN READNissan Motor Corp. narrowed its annual loss to $3.4 billion for the fiscal year ended March 31, as the Japanese automaker continued to struggle under U.S. tariffs, inflation, and competition from Chinese manufacturers. CEO Ivan Espinosa…
4 MIN READNissan cut its fiscal-year losses but remained in the red as the company cited U.S. tariffs, inflation and intensifying competition, according to its results released Wednesday. CEO Ivan Espinosa said Nissan sees “clear signs” of a…
3 MIN READChina’s exports of passenger cars surged in April as carmakers pushed further into overseas markets while domestic sales continued to fall, an industry group said Monday. Exports rose nearly 85% from a year earlier to about 796,000…
4 MIN READMyanmar miners have discovered an 11,000-carat ruby near Mogok, a gem-mining hub in the country’s upper Mandalay region, according to state media reported May 8. The ruby, described as the second-largest ever found by weight in Myanmar,…
3 MIN READMiners in Myanmar have unearthed an 11,000-carat ruby near Mogok, a conflict-battered hub responsible for most of the world's supply, with the massive gem presented to President Min Aung Hlaing, state media reported Friday.
3 MIN READThe Federal Aviation Administration has approved Boeing's proposed repairs for the MD-11 cargo fleet, allowing FedEx to resume flying the aircraft days after the planes were grounded following a fatal crash in Louisville.
3 MIN READChina’s passenger car exports surged nearly 85% from a year earlier in April to about 796,000 vehicles, while domestic sales fell for a sixth straight month, the China Association of Automobile Manufacturers reported Monday. The…
3 MIN READFedEx began flying grounded Boeing MD-11 cargo planes again after the FAA approved Boeing’s proposed fix for the aircraft type, the AP reported. The planes were grounded after a UPS MD-11 crash in November 2025 outside Louisville that…
3 MIN READTesla issued two separate recalls on May 8, 2026 covering more than 200,000 vehicles, including 173 Cybertrucks with a wheel-stud defect that could lead to loss of control, the National Highway Traffic Safety Administration reported.
3 MIN READTesla is recalling 173 Cybertrucks for a wheel-related issue that the National Highway Traffic Safety Administration says could lead to wheel-stud separation, raising the risk of a crash. The automaker is also recalling more than 200,000…
3 MIN READToyota Motor Corp. said its fiscal-year profit fell 19% to 3.85 trillion yen ($25 billion) as tariffs under President Donald Trump reduced annual operating income. The automaker reported global vehicle sales climbed to about 9.6 million…
3 MIN READWhirlpool said Thursday that the Iran war is driving a “recession-level industry decline” that has shaken consumer confidence, contributing to a nearly 10% revenue drop and a 7% fall in North American major-appliance sales. The…
3 MIN READWhirlpool Corp. announced a nearly 10% drop in first-quarter revenue and a 7% decline in North American major appliance sales, citing consumer pullback amid a recession-level industry decline linked to the ongoing Iran war. The…
3 MIN READToyota Motor Corp. reported a 19% decline in profit for the fiscal year ended March 2026, posting 3.85 trillion yen ($25 billion) versus nearly 4.8 trillion yen a year earlier. The company said U.S. tariffs imposed by President Donald…
3 MIN READAirAsia is ordering 150 Airbus A220-300 jets in a deal valued at about $19 billion at list prices, Airbus said. The airline announced the order Thursday at an Airbus factory in Mirabel, Quebec, where Canada’s Prime Minister Mark Carney…
3 MIN READChina’s factory activity expanded for a second straight month in April, according to an official survey published Thursday, as higher energy prices tied to the Iran war did not derail industrial activity. The National Bureau of Statistics…
3 MIN READChina’s factory activity expanded for a second straight month in April, an official survey showed. The government’s manufacturing purchasing managers index edged down to 50.3 from 50.4 in March, staying above 50, as higher energy prices…
3 MIN READGM said Tuesday it expects a $500 million refund tied to some of the tariffs President Donald Trump imposed that the Supreme Court struck down in February. The refund would ease the automaker’s expected 2026 tariff bill as GM raised its…
3 MIN READItalian luxury brand Ferragamo said it can map the country of origin for much of the leather used in its footwear and handbags, a step it said supports traceability efforts as new European Union sustainability rules take shape. The…
3 MIN READChinese automakers are showcasing new models and technologies in Beijing as global competition heats up and they seek overseas growth. The biennial show, which opened to media on Friday, runs through May 3 and features more than 1,450…
3 MIN READChina’s top automakers are displaying the latest vehicle models and technologies, from intelligent driving to ultrafast charging, at the Beijing auto show that opened for media on Friday. More than 1,450 vehicles, including 181 global…
3 MIN READChina’s top automakers are showcasing new models and technologies, from intelligent driving to ultrafast charging, at the Beijing auto show as competition with global rivals intensifies. The biennial event opened to media on Friday and…
3 MIN READWomen are taking leadership roles in the traditionally male-dominated whiskey industry as more women become distillers, blenders, and business owners while female consumption rises. The shift represents a significant transformation in an…
3 MIN READA Massachusetts judge on Friday blocked turbine manufacturer GE Renewables from terminating its contracts with the Vineyard Wind offshore wind farm, ruling that the company must continue providing installation and maintenance services.…
3 MIN READFord is recalling approximately 1.4 million F-150 pickup trucks in the United States because of a gearshift defect that can cause unintended downshifts and loss of vehicle control. The recall, announced April 17, affects F-150 light trucks…
3 MIN READSerbia will jointly produce combat drones with Israel, President Aleksandar Vucic said in remarks reported by the Serbian state-linked Tanjug news agency. The plan is aimed at strengthening Serbia’s military and boosting domestic weapons…
3 MIN READThe Environmental Protection Agency is considering reclassifying chemical plastic recycling facilities as manufacturers rather than incinerators under the Clean Air Act, a move environmental advocates say would immediately eliminate…
5 MIN READA portion of the nation’s drinking-water systems have reported trouble maintaining recommended fluoride levels amid disruptions to the supply chain tied to the Middle East war, the Association of Metropolitan Water Agencies said. Fluoride…
3 MIN READArgentina’s Senate on Thursday approved a bill promoted by libertarian President Javier Milei that eases protections for glaciers, a move environmental groups say they will challenge in court. The legislation passed with 137 votes in…
3 MIN READChinese passenger-car exports accelerated in March, an industry group said, with exports rising 82.4% year-on-year to about 748,000 vehicles. Exports of “new energy” passenger vehicles, including battery electric vehicles and plug-in…
3 MIN READChinese car exports accelerated in March, with an industry association reporting passenger-car shipments rose 82.4% year-on-year to about 748,000 vehicles. New energy passenger-vehicle exports, including battery electric vehicles and…
3 MIN READFord is recalling 422,613 vehicles because windshield wiper arms can break, reducing visibility and increasing the risk of a crash, the company said. The recall covers certain 2021-2023 Ford Expeditions, 2021-2023 Lincoln Navigators, and…
3 MIN READA federal appeals court has rejected a request from dozens of families to reopen a criminal case against Boeing tied to two fatal 737 Max crashes in 2018 and 2019, court records show. The families had argued the U.S. Department of Justice…
3 MIN READTOKYO (AP) — Business sentiment among major Japanese manufacturers rose to 17 in March from 16, according to the Bank of Japan’s quarterly survey released Wednesday. The improvement in the key “tankan” diffusion index came even as…
3 MIN READChina’s factory activity expanded in March after two months of contraction, the government said, but analysts warned that the Iran war could start to weigh on growth. The official manufacturing PMI rose to 50.4 from 49 in February.…
3 MIN READAffordable housing developers say a federal “Build America, Buy America” rule is slowing construction and raising costs, as U.S. agencies review waivers needed when some building materials aren’t made in the United States. The rule…
3 MIN READA federal arts commission approved the final design for a 24-karat gold commemorative coin bearing President Donald Trump’s image as part of the U.S. 250th birthday celebrations on July 4. The approval, issued by the U.S. Commission of…
3 MIN READHungary and Slovakia agreed to build a 127-kilometer fuel pipeline linking refineries in Százhalombatta and Bratislava, aiming to strengthen regional diesel and gasoline supply. The deal, signed in Brussels and announced by Slovakia’s…
3 MIN READThousands of meatpacking workers for JBS USA’s Swift Beef Co. began a two-week strike Monday outside the plant in Greeley, Colorado, threatening to further raise already high beef costs for U.S. consumers, the United Food and Commercial…
3 MIN READU.S. Energy Secretary Chris Wright directed Texas-based Sable Offshore Corp. on Friday to resume oil production in waters off Southern California using the Defense Production Act, citing national security concerns. The move targets the…
3 MIN READIn the United States, drivers watching the Iran war push up gasoline prices are weighing whether to buy electric vehicles, experts say. AP spoke with EV owners and economists, energy analysts and consumer-industry researchers about how…
3 MIN READA sharp jump in U.S. gasoline prices has nudged more drivers to consider electric vehicles, according to several industry observers. The price of a regular‑gas gallon rose to $3.57 this week, up from $2.94 a month earlier, prompting owners…
3 MIN READPowerus, a new drone maker partly owned by President Donald Trump’s sons, is seeking Pentagon contracts after the Trump administration banned importing armed drones from China, the Associated Press reported. The company said it has no…
3 MIN READEdmunds has compiled a list of “best budget-friendly” four-door hatchbacks on sale for 2026, highlighting options that it says balance frugal fuel economy with practical everyday versatility. The selections include the Toyota Corolla…
3 MIN READSyngenta said it will stop producing paraquat, a herbicide banned in more than 70 countries, by the end of June, including at its facility in St. Gabriel, Louisiana. Paraquat is repackaged and distributed in the United States from…
3 MIN READFord has recalled nearly 1.74 million vehicles in the United States over software defects that impair rearview camera displays, the National Highway Traffic Safety Administration announced this week. The two recalls cover six Ford and…
4 MIN READSK Battery America Inc. laid off 958 workers Friday at its Commerce, Georgia battery manufacturing plant, cutting about 37% of its workforce as automakers scaled back electric vehicle commitments and federal policy shifted away from…
4 MIN READChina’s factory activity shrank for a second straight month in February, with the official manufacturing purchasing managers index slipping to 49 from 49.3 in January, the National Bureau of Statistics reported. Economists said weaker…
3 MIN READSioux Falls announced Feb. 16 that Smithfield Foods will shift its pork processing from a century-old downtown campus north of Falls Park to a new industrial park site in northwestern Sioux Falls. The move is expected to cost about $1.3…
3 MIN READMeta agreed to purchase artificial intelligence chips from Advanced Micro Devices in a deal potentially worth more than $100 billion, also securing the opportunity to buy up to 10% of AMD's stock. The 6-gigawatt agreement will see initial…
3 MIN READNigeria’s Saglev says it has started assembling 18-seater electric passenger vans in Nigeria using Chinese-made kits, and aims to scale output for West African markets. In Kenya, Rideence Africa has signed a deal to begin local assembly of…
3 MIN READA Fort Benton hemp processor and a Great Falls apparel brand have produced a limited run of American-made hemp shirts that, they say, never left U.S. borders for cultivation, processing and textile conversion. The companies’ prototype —…
3 MIN READIndonesia is tightening state control over nickel, the country’s largest export and a key input for electric-vehicle batteries, as global demand shifts toward chemistries that use less of the metal. The measures come after years of betting…
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