Federal Reserve Chair Jerome Powell speaks at the Thomas Laubach Research Conference held by the Federal Reserve Board of Governors on May 15, 2025 in Washington, DC. Andrew Harnik | Getty Images Federal Reserve Chair Jerome Powell said Thursday that longer-term interest rates are likely to be higher as the economy changes and policy is…
A general view shows container terminal in Hong Kong, China, April 23, 2025. Tyrone Siu | Reuters The trade truce reached between the U.S. and China arrived just as President Donald Trump’s tariffs took a big bite out of North American & Asian manufacturing, with a steep retreat in April purchasing activity after the rush…
Workers transporting soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China, Oct. 31, 2010. Stringer | Reuters As China imposes export controls on rare earth elements, the U.S. would be unable to fill a potential shortfall, according to the Center for Strategic and International Studies — and this could threaten Washington’s…
Soem comapnies are using next-gen technologies such as robotics in their warehouses. Imaginima | E+ | Getty Images In a world where speed and convenience are paramount to customers, logistic providers are turning to emerging technologies such as artificial intelligence and robotics to stay competitive. Multinational logistics company DHL has been using robotics “very extensively”…
Israel ordered all of Gaza’s electricity supply to be cut off on Sunday in an effort to pressure Hamas into releasing the remaining Israeli hostages held in the territory. Energy minister Eli Cohen’s announcement came a week after Israel cut off all aid supplies to the territory, which has a population of more than two…
Bangladesh is ramping up payments to Adani Power after the Indian conglomerate reportedly cut electricity supplies by half because of an unpaid $800m bill. Two senior government officials told the BBC they are already processing partial payments to Adani, which supplies 10% of the electricity used by Bangladesh. “We have addressed payment glitches and already…
