Author: Bloomberg News

The Biden administration on Jan. 26 halted the approval of new licenses to export U.S. liquefied natural gas — a moratorium likely to disrupt plans for billions of dollars in projects.

With the Red Sea crisis roiling shipments of everything from cars to energy, it’s a matter of time before soaring costs and supply chain strains show up in companies’ earnings reports.

Sunoco LP, a U.S. gas station owner, agreed to acquire pipeline and fuel storage company NuStar Energy LP for about $7.3 billion in a move to buy up more of a key part of its supply chain.

Chaos in the Red Sea is starting to disrupt shipments of produce from coffee to fruit — and threatening to halt a slowdown in food inflation that brought some relief to strained consumers.

Goodyear Tire & Rubber Co. named Stellantis NV executive Mark Stewart as CEO following a pressure campaign by shareholder activist Elliott Investment Management.

Container shipping is set to face a crunch ahead of the Lunar New Year holiday as Houthi attacks in the Red Sea restrict capacity, a major industry consultant said. 

The global shipping industry is bracing for the prospect of living without its most important trade route for weeks.

The Biden administration as early as Dec. 15 will release policy guidance that will help determine the economic viability of producing lower-emitting jet fuel from corn and other crops.

Ships sailing to European ports face a combined carbon emissions bill of $3.6 billion next year, the start of a levy that’s likely to rise as Europe steps up efforts to combat climate change.

Continental AG, one of Europe’s top car parts makers, is studying the sale of automotive assets, including its autonomous mobility business as it comes under growing pressure to shore up its profitability, people familiar with the matter said.