Economics

BP: Self-Driving Cars will Cut Demand for Oil

February 20, 2018 at 2:35 PM

Oil and gas giant BP plc says the growth in ride-sharing and electric autonomous vehicles worldwide will lead to a downturn in transport demand for oil by 2040.

Economic Outlook Dips in Germany

February 20, 2018 at 1:44 PM

Optimism about Germany’s economy slipped this month among experts in the financial community.

U.S. Commerce Dept. Backs Tariffs on Aluminum, Steel

February 19, 2018 at 12:41 AM

The U.S. Dept. of Commerce has recommended that the White House impose global duties of 24% on imported steel and 7.7% on foreign-made aluminum.

Trump Faces April Deadlines on Steel, Aluminum Tariffs

February 15, 2018 at 1:30 AM

President Donald Trump has signaled he may be close to imposing tariffs and/or quotas on imported steel and aluminum.

NAFTA Talks to Resume on Feb. 25

February 15, 2018 at 12:24 AM

A seventh round of talks to revamp the North American Free Trade Agreement will begin outside Mexico City on Feb. 25.

U.S. Inflation Accelerates

February 14, 2018 at 5:23 PM

Growth in the U.S. consumer price index accelerated to an unexpectedly high 0.5% in January, raising the likelihood of higher interest rates.

Japan’s Economy Expands Again

February 14, 2018 at 1:28 AM

Japan’s real gross domestic product climbed by an annualized 0.5% in October-December, according to preliminary government data.

Trump Sketches $1.5 Trillion Infrastructure Spending Plan

February 13, 2018 at 12:41 AM

The White House has unveiled an improbable $1.5 trillion infrastructure renewal program that analysts say has little chance of seeing Congressional action anytime soon.

Japan’s Carmakers Warn U.K. on Brexit

February 09, 2018 at 10:34 AM

Honda, Nissan and Toyota tell British Prime Minister Theresa May that their carmaking operations in the U.K. will be forced to leave if trade barriers resulting from Brexit make them unprofitable. 

U.S. Trade Deficit Rose to 9-Year High in 2017

February 08, 2018 at 1:00 AM

The U.S. trade deficit for goods and services grew 12% to $556 billion last year, its highest level since 2008, according to the Dept. of Commerce.

Honda, Nissan, Toyota to Meet Top U.K. Officials about Brexit

February 08, 2018 at 12:00 AM

Representatives from Honda, Nissan and Toyota are to join other Japanese investors in a meeting today with the U.K.’s top officials to discuss the impact of England’s departure from the European Union next year.

EU Expects 2.3% Growth for Eurozone in 2018

February 07, 2018 at 3:50 PM

The European Commission predicts economic growth in the European Union and eurozone will be 2.3% this year, compared with about the 2.4% it estimates for 2017.