Business articles

China coal imports from North Korea surge in February

The value of China’s coal imports from North Korea surged nearly 40 percent in February, official data shows — the same month Beijing vowed to suspend the trade over Pyongyang’s nuclear and missile tests.

EU blocks LSE-Deutsche Boerse mega-merger

The EU blocked the blockbuster merger of the London Stock Exchange with Germany’s Deutsche Boerse on Wednesday, snagged by competition concerns and the fallout from Brexit.

Toshiba’s US atomic unit files for bankruptcy protection

Toshiba’s loss-hit US nuclear unit Westinghouse Electric (WEC) has filed for bankruptcy protection, the companies said Wednesday, as the troubled division wrestles with multi-billion losses and accounting fraud claims.

Australian meat industry licks lips at post-Brexit Europe

As Britain’s divorce from the European Union begins Wednesday, Australia’s meat industry is licking its lips at the prospect of a boost in exports as London scrambles to sign free-trade deals across the globe.

Trump love not enough to bring back coal

President Donald Trump pledged on Tuesday to revive America’s coal industry by rolling back regulation, but energy experts expressed doubt his moves would significantly boost prospects for the controversial energy source.

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