As supply chains unclog, consumers enjoy (tentative) relief

Back in January, 109 container ships waited off the California coast to unload cargo in Los Angeles and Long Beach, the nation's two largest ports. Consumers, stuck at home amid the pandemic, had unleashed an avalanche of orders for goods that overwhelmed factories and ports. ...

China's Xi visits Saudi Arabia to cement Gulf Arab ties

DUBAI, United Arab Emirates (AP) — Chinese leader Xi Jinping arrived in Saudi Arabia on Wednesday to attend meetings with oil-rich Gulf Arab nations crucial to his country's energy supplies as Beijing tries to revive an economy battered by its strict coronavirus measures. Saudi...

US futures point to continued slump this week on Wall Street

Wall Street futures edged lower Wednesday ahead of new employment and wholesale price data with the Federal Reserve gauging its next step in its fight to cool inflation. Futures for the Dow Jones Industrials slipped 0.4% and the S&P 500 fell 0.7% just over an hour before the...

Editorial Roundup: United States

Excerpts from recent editorials in the United States and abroad: Dec. 5 The Washington Post on microchips, the U.S. and the future When President Biden visits a microchip factory under construction in Arizona, it might look like a political victory lap:...

EU takes China to WTO over Lithuania trade dispute

BRUSSELS (AP) — The European Union announced Wednesday that it has begun legal action at the World Trade Organization against China over what it says are import restrictions Beijing has imposed on Lithuania. The European Commission estimates that China cut trade from the EU member...

Dissident artist Weiwei says China unrest won't alter regime

MONTEMOR-O-NOVO, Portugal (AP) — Dissident Chinese artist and activist Ai Weiwei is taking heart from recent public protests in China over the authorities’ strict COVID-19 policy, but he doesn’t see them bringing about any significant political change. “I don’t think...

Tesla launches in Thailand, vying to compete with China EVs

BANGKOK (AP) — Tesla has launched sales in Thailand, offering its popular Model 3 and Model Y at prices aimed at competing with rivals like China’s BYD. The company staged a glitzy showcase of its plans Wednesday at Bangkok’s Siam Paragon mall. Online purchases have begun,...

China announces new measures rolling back COVID-19 restrictions, including limiting lockdowns and testing requirements

China trade shrinks amid virus pressure, interest rate hikes

BEIJING (AP) — China’s imports and exports shrank in November under pressure from weakening global demand and anti-virus controls at home. Exports sank 9% from a year ago to $296.1 billion, worsening from October’s 0.9% decline, customs data showed Wednesday. Imports fell 10.9%...

China's trade sinks in November as export demand weakens, anti-virus controls depress domestic economy