Beijing is using its financial might to expand its influence, eroding centuries of Russian dominance in a vast, resource-rich region. Source: NYT > Business – Andrew Higgins
Could This Be the End of Frankincense?
As more uses are found for the aromatic resin, the population of trees that produce it are on the brink of collapse. Source: NYT > Business – JoAnna Klein
Trade War May Be Slowing Business Spending and Factories, Fed Says
A report by Federal Reserve officials said that United States economic activity increased at a “solid pace” in early 2019, but that risks still loomed. Source: NYT > Business – Jeanna Smialek
Israel’s Energy Dilemma: More Natural Gas Than It Can Use or Export
After years of relying on imports, the country has discovered huge gas reserves offshore. But it cannot easily use or sell the fuel to other countries. Source: NYT > Business – Clifford Krauss
Samsung, Stung by Trade War, Foresees Big Profit Plunge
The tech giant forecast a 56 percent fall in quarterly operating profit, as the U.S.-China trade war caused havoc in chip and smartphone markets. Source: NYT > Business – Reuters
In Tense Times, ‘Call in the Woman’: Lagarde Will Lead the E.C.B.
Christine Lagarde will become one of the most powerful figures in international finance, giving her a leading hand in the world’s second largest economy. Source: NYT > Business – David Segal and Amie Tsang