World Business
The latest World Business coverage from the Chattanooga Times Free Press, part of our Business section.
More in World Business, page 35
-
Trump administration to pay French company $1B to walk away from US offshore wind leases
The Trump administration will pay $1 billion to a French company to walk away from two U.S. offshore wind leases as the administration ramps up its campaign against offshore wind and other renewable energy.
-
US attacks Iranian drones and vessels to try to open strategic shipping lane
U.S. warplanes and attack helicopters have ramped up assaults against Iranian drones and naval vessels, U.S. officials said, in an effort to reopen the Strait of Hormuz, the strategic waterway that Iran has effectively closed to most Western ships.
-
High oil prices knock down stocks and erase Wall Street’s hopes for a cut to interest rates
Another climb for oil prices shook stock markets on Friday, as hopes collapsed for a possible cut to interest rates this year by the Federal Reserve.
-
Tesla faces wider probe of self-driving feature as it prepares to sell cars without steering wheels
Federal auto regulators have escalated a probe of Tesla after several of its cars crashed while using its self-driving feature, just as CEO Elon Musk prepares to roll out a new model with no steering wheel or pedals.
-
Trade with Cuba collapses as Trump escalates pressure on Communist Party leadership
President Donald Trump this week said he believes he'll have "the honor of taking Cuba" soon. Without declaring a formal blockade, Trump and his administration have already crippled trade with the island and threatened the future of the Communist Party regime.
-
Iran hits Kuwaiti oil refinery and explosions boom over Tehran from Israeli attack
A Kuwaiti oil refinery came under Iranian drone attack early Friday and sirens in Israel warned of incoming fire, while explosions boomed over Tehran from Israeli strikes as the country marked the Persian New Year.
-
Iran war has US farmers worried about the cost and availability of fertilizer
Tennessee farmer Todd Littleton expects to pay $100,000 more for fertilizer this season, a 40% spike from his bill last year thanks to the war in Iran — and he is scrambling to cover that extra cost.
-
Brent crude briefly tops $119 per barrel, before receding, and shakes stock markets worldwide
A roller-coaster day for oil prices showed how they’re dictating where financial markets and maybe even the global economy are heading. Stocks tumbled in Europe and Asia when oil prices shot higher early on Thursday, but U.S. stocks pared their sharp losses as the day progressed and oil prices fell back.
-
Trump’s failed strong-arming of allies on Iran shows that pressure is losing its effect
We've long had your back, now it's our turn. That is how the famously transactional U.S. President Donald Trump is framing his demands that allies help him with the Iran war. He wants to call in IOUs for decades of U.S. security guarantees.
-
US eases Venezuela oil sanctions as Trump seeks to boost world oil supply during Iran war
U.S. companies will be allowed to do business with Venezuela's state-owned oil and gas company after the Treasury Department eased sanctions, with some limitations, on Wednesday as the Trump administration looks for ways to boost global oil supplies during the Iran war.
