According to trade data and market players, Japan's decision to prohibit the majority of used-car sales to Russia put the brakes on a $2 billion-per-year industry that had exploded under the shadow of other countries' sanctions related to the Ukraine.   A network of brokers and smaller...

With the exception of the Great Financial Crisis, credit card businesses are suffering losses at the greatest rate in over 30 years, according to Goldman Sachs.   Although initial increases were probably reversals from stimulus, credit card losses reached their lowest point in September...

According to two government officials, India will postpone the import licence requirement for laptops and tablets after industry and the U.S. government objected to the measure, which might harm Apple, Samsung, and other companies.   The administration will evaluate whether to enact a...

Russia put an indefinite halt on the supply of diesel and petrol to the majority of nations, which runs the risk of interrupting fuel supplies just as winter sets in and might worsen existing shortages worldwide.   The Kremlin announced Thursday that it would impose "temporary" limitations...

According to a government document, India will strengthen regulations and require medicine manufacturers to audit their raw material suppliers at least once a year after Indian cough syrups were found to be responsible for 141 child fatalities globally.   The new regulation, coupled with...

Internal combustion engine (ICE) vehicles may still be in use by 2050, according to automaker Stellantis, necessitating the reduction of their carbon emissions in the interim.   With names including Fiat, Peugeot, and Jeep, the third-largest automaker in the world by sales announced this...

Despite being less severe than anticipated, China announced another monthly decrease in imports and exports on Thursday. In August compared to a year prior, exports decreased by 8.8% in U.S. dollars. That is superior to the 9.2% decline predicted by a Reuters poll.   Better than the 9%...

As a result of increased hopes of federal legalisation following a U.S. health agency's suggestion to reschedule marijuana as a lower-risk narcotic, shares of marijuana companies increased by as much as 37% in morning trade on Thursday.   In some form, marijuana usage is legal in close to 40...

Hui Ka Yan first followed a straightforward formula. Take out a loan to purchase land. Before they are built, sell houses there. Utilise the funds to settle creditors and finance your subsequent real estate venture.   Beginning in the middle of the 1990s, this strategy proved incredibly...

Following a suggestion by Tesla, which is thinking about entering the Indian domestic market, the government is working on a new electric vehicle policy that would reduce import duties for manufacturers that commit to some local manufacturing, according a Reuters report quoting sources with...

Brazil is expected to surpass the United States this year as the leading exporter of maize, thanks to a strong crop and logistical innovations like the combining of northern export lines that are enhancing the competitiveness of the South American grains giant.   According to a Reuters study...