GLOBAL ECONOMY

China is the world’s biggest trader and the top market for its Asian neighbors. Restrictions that hamper activity at Chinese ports can disrupt global trade.

Another factor driving discussion around raising output: Two big OPEC members, Iraq and the United Arab Emirates, want to pump more oil, OPEC delegates said.

FTX collapsed after a futile bid by Sam Bankman-Fried to raise emergency funds. It came under regulatory oversight through the dozens of licenses it picked up via its many acquisitions.

Before FTX went bankrupt, and CEO Sam Bankman-Fried lost his fortune, he moderated a panel with former President Bill Clinton calling for "do no harm" regulations on crypto.

FTX bankruptcy lawyers accuse former CEO Sam Bankman-Fried of complicating their case with "his incessant and disruptive tweeting."

The collapse of Sam Bankman-Fried's FTX has drawn attention to his efforts to influence regulations on the crypto industry and his past comments on the subject before his firm folded.

Chinese imports to the U.S. have fallen faster than total imports in recent months as political upheavals around the world force businesses to rethink traditional supply chains

Red-hot inflation has begun to peak in the United States, but Jeremy Hunt and the Bank of England face the United Kingdom's highest inflation since 1981.

The House Financial Services Committee will hold hearings on the collapse of cryptocurrency exchange FTX in December, lawmakers announced Wednesday.

To reduce price of electric cars, caused by supply-chain snarls, soaring demand, and inflation, EV makers are switching to lithium-iron-phosphate batteries.

Who’s really to blame for FTX crypto collapse? Venture capitalists, investors and poor regulation share blame, while crypto problems drive investors to Bitcoin.

Walmart is the latest company to announce a settlement with local governments over allegations of improperly filling prescriptions for powerful painkillers

The total assessed included a record $4.2 billion in civil penalties, up from a total amount of $3.6 billion in 2021, as it filed 760 total enforcement actions.

OPEC lowered its forecast for global oil demand growth this year by 100,000 barrels a day to 2.5 million barrels a day. It also lowered its 2023 demand growth forecast.

Taiwan's trade talks with the U.S. and Britain sparked anger in the Chinese government.

Chinese President Xi Jinping has not left his country's COVID-19 bubble since the pandemic started, making his G-20 summit appearance a prime opportunity for discussions.

Dr. Kao Kim Hourn, ASEAN Secretary-General-elect, has urged the U.S. and China to work towards strong partnerships instead of making the region the focus for geopolitical rivalry.

It will be the first in-person meeting between President Biden and President Xi Jinping, the leaders of the world’s two biggest economies, since Biden became president in January 2021.

The EV tax credit, part of the Inflation Act, currently only exempts US made electric cars disqualify many South Korean made models from Hyundai and Kia.

US exports to Asia likely to reach a record 1.8 million barrels per day. Demand is led by China, India, and South Korea and a demand for more diesel fuel.