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International Business

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Chip shortage causes GM to store 95,000 incomplete cars

DETROIT, Michigan, global shortage of computer chips, vehicles, Detroit automaker, General Motors, GM's total salesDETROIT, Michigan: The global shortage of ...

To prevent fuel price hikes, India sets windfall tax on oil producers

NEW DELHI, India: As the Indian government aims to increase local fuel supplies to meet rising demand and boost federal ...

Exxon tells shareholders to expect $16 billion Q2 profits

HOUSTON, Texas: Exxon Mobil Corp said this week that profits from skyrocketing fuel prices could result in a record $16 ...

IKEA says store inventories return to pre-Covid levels

DELFT, Netherlands: IKEA officials said this week that the furniture retailer's warehouses in Europe are as full as they were ...

21 percent six-month loss strips S&P 500 of $8 trillion in value

NEW YORK CITY, New York: After the first six months of 2022, the S&P 500 recorded a loss of 20.6 ...

Washington reports US economy falls 1.6 percent in Q1 2022

WASHINGTON D.C.: Due to the record high trade deficit and a resurgence in COVID-19 infections that curbed spending on services, ...

International

Section
Minimal disruptions as summer strikes continue at Paris airport

PARIS, France: Signaling further disruptions for summer travelers, workers at Roissy-Charles de Gaulle Airport said they would go on strike ...

Angry Russia vows retaliation after Bulgaria expels diplomats

SOFIA, Bulgaria: Russian diplomats and their families departed Bulgaria over the weekend, amidst heightened tensions between the two eastern European ...

No end in sight as South Africa suffers thru power cuts

JOHANNESBURG, South Africa: More frequent power cuts in South Africa have affected households and businesses across the country, with state-owned ...

Rescuers find 3 alive, 27 missing after boat sinks off Hong Kong

HONG KONG: An engineering vessel with 30 people on board went missing 200 miles off Hong Kong after it snapped ...

As Covid cases rise in France, no return to mandatory restrictions

NICE, France -As some 1,000 Frenchmen are being hospitalized daily with Covid infections, French officials have "invited" or "recommended" the ...

In "geopolitical signal," UE, New Zealand sign free trade pact

BRUSSELS, Belgium: Negotiations on a free trade agreement between the European Union and New Zealand ended successfully this week, paving ...