Category: Business

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Russian Shipping Traffic Remains Strong as Sanctions Take Time to Bite

The traffic was robust in March and April, reflecting the time it takes for sanctions to come into effect and an enduring profit motive for trading Russian energy.  » mehr lesen

Dinosaur Skeleton Sells for $12.4 Million at Christie’s

The remains of a Deinonychus antirrhopus, the beast that inspired the velociraptor in “Jurassic Park,” are believed to be the first of their kind sold at a public auction.  » mehr lesen

Cryptocurrencies Melt Down in a ‘Perfect Storm’ of Fear and Panic

A steep sell-off that gained momentum this week starkly illustrated the risks of the experimental and unregulated digital currencies.  » mehr lesen

White House, Under Pressure, Says It Will Address Baby Formula Shortage

Senior officials announced minor steps the administration would take to try to increase the supply of formula, even as they conceded that Americans might not see quick relief.  » mehr lesen

Pentagon Praises a New York Times Series That Exposed Civilian Deaths in Air War

“We knew that we had made mistakes; we’re trying to learn from those mistakes,” John Kirby, the Pentagon spokesman, told reporters.  » mehr lesen

Jerome Powell Confirmed for a Second Term as Fed Chair

Jerome Powell, whom the Senate confirmed to a second term on Thursday, said allowing rapid inflation to persist would be more painful.  » mehr lesen

Britain’s economy shrinks as inflation ‘begins to bite.’

Gross domestic product fell 0.1 percent in March. The risk of recession has increased as household budgets are constrained by the highest inflation rate in 30 years.  » mehr lesen

GM’s Mary Barra Has a Plan to Win the Electric Vehicle Race

The General Motors chief says efficiencies, innovations and learning from mistakes will allow her company to become a leader in electric vehicles.  » mehr lesen

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