The European Union and United States accused China of restricting the export of key raw materials used in the production of steel and other industrial products in a complaint filed Tuesday with the World Trade Organization.
U.S. travel over the Independence Day holiday weekend will drop 1.9% this year compared to 2008, a casualty of higher fuel prices and economic worries, travel and auto group AAA projected Wednesday.
Gas prices are creeping towards $3 a gallon and consumers are getting squeezed. That has many analysts worried that another painful summer driving season will stifle an economic recovery.
The European Union and United States accused China of restricting the export of key raw materials used in the production of steel and other industrial products in a complaint filed Tuesday with the World Trade Organization.
U.S. travel over the Independence Day holiday weekend will drop 1.9% this year compared to 2008, a casualty of higher fuel prices and economic worries, travel and auto group AAA projected Wednesday.
Gas prices are creeping towards $3 a gallon and consumers are getting squeezed. That has many analysts worried that another painful summer driving season will stifle an economic recovery.
Memorial Day travel is expected to rebound this year, thanks to a decline from 2008's record gas prices and discounts on hotels, the motorist group AAA said Tuesday.
The round of baggage fees that came last year may have annoyed the heck out of customers, but according to government figures, they were a billion-dollar lifesaver for cash-strapped airlines.
There's plenty of economic pain to go around these days because of the recession. Now there's this: Gas prices have surged nearly 10% over the past two weeks.
For most Americans, Topic A in the auto industry right now is the fate of GM. Mike Jackson, 60, the outspoken CEO of the nation's largest auto retailer, AutoNation, has some definite opinions about that subject--and we'll spell them out below. But his own Topic A today is the level of gas prices, which he thinks intolerably low. Here is the conversation that he and FORTUNE senior editor at large Carol Loomis had a few days ago.
Trying to decipher where President Obama really stands on free trade can be like trying to trace the U.S.-Mexico border with a Google map. There are words, and there are actions - but there is mostly that long squiggly line in between.
Grappling with its worst economic crisis since World War II, Japan posted a record $10.1 billion trade deficit in January, the Ministry of Finance reported Wednesday.
Grappling with its worst economic crisis since World War II, Japan posted a record $10.1 billion trade deficit in January, the Ministry of Finance reported Wednesday.
Prices at the pump have edged up slightly over the past two weeks, bringing the national average close to $2.00, according to a survey published Sunday.
President Obama visited Canada on Thursday in his first foreign trip as head of state, meeting with Canadian Prime Minister Stephen Harper to discuss a range of complicated economic and military issues.
Diplomacy will play a bigger role in U.S. efforts in Afghanistan in future even as the Pentagon announced a significant troop increase, President Barack Obama said Tuesday in an interview on Canadian television.
President Obama takes his first foreign trip Thursday, but domestic politics will loom large as he tackles the explosive issue of protectionism in a meeting with Canadian Prime Minister Stephen Harper, the leader of the United States' largest trade partner.
The heated war of words over "Buy American" laws may be nearing a truce in Congress, but there are still fears among critics that it could spark a new global trade war.
The gap between the nation's imports and exports narrowed in December to a six-year low, according to a government report Wednesday. The gap for the year turned sharply lower and marked the second straight year of shrinking annual trade deficits.
While America reels from the worst economic crisis since the Great Depression, it is time that we take a deeper look at the root causes of our current predicament.
The Senate on Wednesday night agreed to soften a 'Buy American' provision in its economic stimulus package, clarifying that the clause will not override the United States' existing trade treaties.
The Senate agreed Wednesday to soften a "Buy American" provision in its economic stimulus package, clarifying that the clause will not override existing U.S. trade treaties.
With fuel prices so low, consumers may be wondering when it will be reflected in smaller bills. But as airlines, taxis and truckers scrounge for additional revenue, surcharges formerly tagged for fuel remain - albeit by a different name.
The nation's trade deficit narrowed sharply in November, to the lowest level in 5 years, reflecting the sharp drop in the price of imported oil, according to a government report released Tuesday.
Gasoline prices rose for the sixth straight day Monday, according to a nationwide survey of gas station credit card swipes - a sign that oil companies expect higher demand later this year.
Gas prices increased for the third straight day Friday, to an average of $1.626 for a gallon of regular unleaded gas, according to motorist group AAA. That's nearly a one-cent jump from the previous day's average of $1.618.
As 2009 approaches, plummeting oil prices have sent the price of gasoline to the lowest level in nearly five years, according to a daily survey of gas station credit card swipes.
Gasoline prices dropped for their second day in a row after four straight days of increases, according to a daily survey of gas station credit card swipes.
Gasoline prices continued to drift upward Wednesday after breaking 86 straight days of declines over the weekend, according to a daily survey of gas station credit card swipes.
Gas prices posted gains this weekend for the first time in 86 days, according to a national survey of credit card swipes. But on Monday fuel prices began to retreat again.
New York on Friday joined the other 47 states in the contiguous United States with an average gasoline price below $2 a gallon, according to a motorist group's survey, leaving just Alaska and Hawaii above the milestone.
Gasoline prices continued their steady descent Friday, with the average national price in a motorist group's survey falling for the 79th consecutive day.
The average gas price in the United States fell below $1.80 a gallon Thursday for the first time since early 2005, according to a daily survey of gas station credit card swipes.
President-elect Barack Obama announced New Mexico Gov. Bill Richardson as his pick for secretary of commerce on Wednesday, calling him a "leading economic diplomat for America."
Gas prices have been in decline for the past 77 days as the slowing economy has driven down the price crude oil, according to a daily survey released Wednesday.
Gas prices fell for the 76th consecutive day and sold below $2 a gallon in all but three states and the District of Columbia, according to a daily survey of credit-card swipes at gas stations released Tuesday.
Gas prices fell for the 75th consecutive day on Monday, and sold below $2 a gallon in all but three states and the District of Columbia, according to a daily survey of credit-card swipes at gas stations.
Gas prices fell to their lowest level since 2005, coming within 4 cents of $1.80 a gallon, according to a daily survey of gas station credit card swipes by motorist group AAA.
Gasoline prices declined for the 70th straight day, falling below the $1.87 per gallon mark, according to a national survey of credit card swipes at gasoline stations.
There was little doubt that Barack Obama was "Europe's candidate" in the US presidential election. High hopes are invested in him still across Europe's capitals. But as EU leaders contemplate the next president's daunting in-tray their hopes are more than ever tinged with a little nervousness.
Gasoline prices continued to sink, falling for the 67th day in a row, according to a national survey of gas station credit card swipes released Sunday.
President Bush, in what could be his final overseas trip as president, called on international leaders Saturday to continue his administration's push for free trade despite the global financial crisis.
President George W. Bush, in what could be his final overseas trip as president, called on international leaders to continue his administration's push for free trade despite the global financial crisis.
The stock market stinks like a moldy piece of Limburger cheese. Unemployment is on the rise. Home prices continue to fall. There are fears that one or more of Detroit's Big Three could go bankrupt.
Retail gasoline prices fell further overnight, bringing the decline since the summer's record high to nearly $2 a gallon, according to figures released Friday.
Both the White House and a senior aide to President-elect Obama on Tuesday emphatically denied there had been any attempt on the part of President Bush -- while meeting with Obama on Monday -- to link a federal bailout of the struggling auto industry or a second stimulus package to passage of a Colombia free trade deal.
Malaysia's AirAsia on Tuesday abolished fuel surcharges on all its flights and said it will give away half a million free tickets next year in an attempt to lure travelers amid the global slowdown.
Oil prices resumed their downward spiral Wednesday as ongoing economic concerns affected fuel demand, and a report showed that U.S. crude stockpiles were unchanged.
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