On a frigid day in early January, as she worked in her office in the Boston suburb of Billerica, Mass., Siyu Huang received a two-word text message. “Spinning wheels,” it said. Attached was a short video clip showing a car on rollers in an indoor testing center. To the untrained eye there was nothing remarkable…
At a pharmaceutical factory in Chengdu, China, an order that Thomas Leung placed from Manhattan in January is sitting on hold. The shipment includes a variety of concentrated herbal granules used in traditional Chinese medicine. There’s dang gui, also known as angelica root, which is used to treat gynecological ailments; chai hu, or bupleurum root,…
Japanese tech giant Panasonic is planning to pare troubled business lines and its work force by thousands as it aims to reorient itself for a technological era no longer dominated by its traditional electronics. In a statement on Friday, Panasonic said that it would cut about 10,000 jobs globally, primarily within the fiscal year that…
The show’s producer, Jonathan Nolan, has put himself at the forefront of Hollywood’s push to get California to approve $750 million in tax rebates. Source link
Chinese government data released on Friday offered a peek into how the trade war is already reordering the flow of goods around the world. Exports from China jumped last month, driven by trade to other countries in Southeast Asia, even as President Trump’s tariffs on Chinese goods forced a sharp slowdown in shipments to the…
In the sprawling flatlands of Denmark’s Jutland peninsula, near the small town of Give, a family-owned company called Welcon has been gearing up to build giant, cylindrical wind turbine towers for a multibillion-dollar project. The project, a wind farm called Empire Wind, is being built by the Norwegian energy giant Equinor in the waters off…
Beneath the grand chandeliers of the International Ballroom at the Beverly Hilton Hotel, at rooftop bars and at private parties at billionaires’ mansions, there was a mix of emotions among the financial titans gathered in Los Angeles this week. Many of the thousands of attendees at the Milken Institute Global Conference — a who’s who…
More than 20 times during a roughly 45-minute news conference on Wednesday, Jerome H. Powell, the chair of the Federal Reserve, referenced the idea of waiting to see how President Trump’s policies would ripple through the economy before taking any action on interest rates. Mr. Powell, who spoke after the Fed opted to extend a…
The United States and Britain announced on Thursday that they had reached a deal that would reduce tariffs on some imports, such as steel, cars and ethanol, and deepen the economic relationship between the two countries. There was plenty of mutual congratulating between President Trump in the Oval Office and Keir Starmer, the British prime…
A prominent Silicon Valley investor is in a bitter dispute with his former employer, one of the world’s largest asset managers, accusing it of fraud and attempted bribery. In a lawsuit filed on Thursday in California, Josh Raffaelli, who until late last year was a fund manager at Brookfield Asset Management, said the company had…
