Latest News Updates From Bloomberg News

GovernmentBusinessFuel

Farmers Press for Biofuels Boost to Counter Tariff Losses

After losing their biggest export market, U.S. farmers are now counting on the president’s support for biofuels to prevent their next crop from piling up in storage.

May 29, 2025
BusinessFuel

Suitors Line Up for BP’s Castrol Unit

BP's Castrol lubricant business is attracting interest from Reliance Industries, Apollo Global Management and Lone Star Funds, as well as Saudi Aramco.

May 28, 2025
BusinessFuel

OPEC+ to Maintain Group Quotas Ahead of July Output Decision

OPEC+ gathered online May 28 to ratify its current groupwide production quotas, ahead of a decision by eight key members this weekend whether to bolster output again in July.

May 28, 2025
GovernmentBusinessPrivate

Sysco Helps Restaurants Caught in Trade War

Restaurant supplier Sysco is coaching eateries on substitutes for imported ingredients hit by President Donald Trump’s tariffs. 

May 27, 2025
GovernmentBusinessLogistics

G-7 Ministers Tread Carefully Amid US Trade Tensions

“This is a very consequential moment for the G-7 in the world,” Canadian Finance Minister Francois-Philippe Champagne told reporters May 20.

May 21, 2025
GovernmentBusinessLogisticsGlobal Freight

China-US Trade Soars in Race to Hit Trade Truce Window

A temporary trade truce between the world’s two largest economies has sparked a knee-jerk bounce across China’s ports and factory floors.

May 21, 2025
GovernmentBusinessLogisticsGlobal Freight

Tariff Truce Boosts Global Shippers

Importers rushing to ship Chinese goods to the U.S. using a short reprieve from paralyzing tariffs could provide a much-needed boost to global freighters including Maersk and Cosco.

May 16, 2025
GovernmentBusiness

Companies Ramp Up Production to Hit 90-Day Tariff Window

It may only be a 90-day reprieve from the steepest of President Donald Trump’s China tariffs, but it’s enough time to entice companies to restart factory operations and start shipping.

May 13, 2025
BusinessTechnologyEquipment

Stellantis Nears CEO Pick With Antonio Filosa Leading

A spokesperson for Stellantis said no decision has been made and the timing for nominating the new CEO is unchanged. Filosa didn’t respond to a request for comment.

May 9, 2025
BusinessFuel

Shell Studies Acquisition of BP, Reports Say

Bloomberg reported that Shell is working with advisers to evaluate a potential acquisition of BP, its U.K. rival.

May 5, 2025