UPDATE 1-Chevron Australia starts repair work on Wheatstone platform, says spokesperson

Bloomberg
Singapore port container logjam worsens as ships avoid Red Sea
Singapore’s port, already one of the busiest in the world, is facing a sustained period of congestion as vessel diversions to avoid the Red Sea push more container ships to the Asian maritime hub.
Reuters
Spain seeks to avert trade war after China announces pork anti-dumping probe
SANTANDER/MADRID (Reuters) -Leading EU pork exporter Spain on Monday said it was working with European Union officials to avoid damaging tariffs after Beijing said it would open an anti-dumping inquiry. China's investigation appears mainly targeted at Spain, the Netherlands, France and Denmark, the three biggest EU exporters of pork to China. Its announcement follows one from the European Commission last week that it would impose anti-subsidy duties on imported Chinese cars from July.
Reuters
China opens tit-for-tat anti-dumping probe into European pork
BEIJING (Reuters) -China has opened an anti-dumping investigation into imported pork and its by-products from the European Union, a step that appears mainly aimed at Spain, the Netherlands and Denmark, in response to curbs on its electric vehicle exports. The investigation announced by China's commerce ministry on Monday will focus on pork intended for human consumption, such as fresh, cold and frozen whole cuts, as well as pig intestines, bladders and stomachs. It was prompted by a complaint submitted by the China Animal Husbandry Association on June 6 on behalf of the domestic pork industry, the ministry said.
CNN
Judge orders railway to pay Washington tribe nearly $400 million for trespassing with oil trains
BNSF Railway must pay nearly $400 million to the Swinomish Tribe for repeatedly running 100-car trains carrying crude oil across the tribe’s reservation.
Reuters
Rival pork exporters could benefit from China-EU trade tensions
SINGAPORE (Reuters) -Pork suppliers from South America and the U.S. could gain market share in China if Beijing restricts imports from the European Union in response to escalating trade tensions, traders and analysts said. Russia, increasingly a close trading partner of China that started exporting pork to China in February, could also step up meat shipments. China's commerce ministry said on Monday it had opened an anti-dumping investigation into imported pork and its by-products from the EU, after the bloc imposed anti-subsidy duties on Chinese-made electric cars.
BuzzFeed
"Sorry, I Don't Work For You Anymore." — 17 Stories From Employees Who Got Petty Revenge On Their Awful Bosses
"We all knew something was going on with him and another employee. Months later, he wouldn't give me three days off because my niece died of SIDS. So I walked out, bought a $30 burner phone, and texted his wife his phone password. They got divorced."
The Guardian
BYD: China’s electric vehicle powerhouse charges into Europe
Threat of EU tariffs may not be enough to slow carmaker in its attempt to challenge Tesla on global stage
Fortune
The threat of a Europe-China trade war looms as Beijing launches an antidumping probe on pork
China’s probe into European pork follows EU tariffs on Chinese-made electric vehicles.
GOBankingRates
12 Things You Should Never Buy at Gas Stations
Gas stations often have a large variety of everyday items, such as basic food supplies, sunglasses and other accessories, generic medications, auto supplies and lottery tickets. While you might be...
Insider Monkey
The Most Influential City in the World
In this article, we will reveal the most influential city in the world. If you wish to look at our detailed rankings, you can go to the 25 Most Influential Cities in the World. Cities play a very important role in the world economy, serving as hubs for economic development, knowledge creation, and governance. According […]
The Hill
Texas producing fossil fuels at record levels amid heat wave
At the brink of what may be the hottest summer on record, the Texas oil and gas industry is pumping out planet-heating fuels at record levels, a new report has found. Estimates from the Texas Oil and Gas Association (TXOGA) released Monday found the state umped out a record 5.7 million barrels per day of…
South China Morning Post
The US wants to decouple its military supplies from China - but can it?
China's central role in the global supply chain has prompted the United States to initiate a series of measures to de-risk its relationship with the world's second largest economy as relations worsen. For the US defence industry, it seems inevitable that Washington will want to go further and seek to cut out China completely. China now plays a central role in the global economy as a leading producer of everything from the raw materials used to make basic equipment and rare earth metals to the hi-tech equipment that is vital to the production of some of America's most advanced weapons.
Reuters
Musk plans stock option grants to Tesla's high-performers, sources say
SAN FRANCISCO (Reuters) -Tesla CEO Elon Musk told employees on Monday that the electric vehicle maker is working on stock-based compensation for high-performing employees, according to two people who reviewed an internal memo. The plan comes just days after Musk won shareholder approval for his $56 billion pay plan consisting of stock options and two months after he announced job cuts affecting more than 10% of Tesla's global workforce in the face of slowing demand for EVs and intensifying price competition from Chinese rivals. "Over the next few weeks, Tesla will be doing a comprehensive review to provide stock option grants for exceptional performance," Musk said in an email, according to the two people who reviewed it and are based in China and the U.S., respectively.
Reuters
Philip Morris suspends nationwide sales on Zyn.com after D.C. subpoena
Philip Morris bought Swedish Match in a $16 billion deal in 2022 as the company looked to reduce its reliance on cigarettes amid stricter regulations, and a consumer shift towards alternatives to tobacco and traditional cigarettes. The company said that Swedish Match North America had received a subpoena from D.C.'s Attorney General requesting information about its compliance with D.C.'s 2022 ban on the sale of all flavored tobacco.
CNN Business
China probes European pork prices after EU hikes tariffs on its electric cars
Beijing has launched an investigation into prices of pork from the European Union, targeting a major EU food export just days after Brussels hiked tariffs on electric vehicles from China.
Reuters SG
UPDATE 1-Singapore's May exports down 0.1% y/y, better than forecast
Singapore's non-oil domestic exports edged down 0.1% in May from the same month a year earlier, data on Tuesday showed, with electronics exports growing for a second straight month, Enterprise Singapore said in a statement. The almost flat result compared with a Reuters poll forecast of a 1.0% fall, and followed a downwardly revised 9.6% drop in April. Non-oil exports to Singapore's top markets as a whole grew in May.
Sky News
China targets EU pork as threat of trade war escalates
China may target the European Union's pork producers in retaliation for EU tariffs on its electric cars. The world's second largest economy revealed on Monday that it had launched an investigation into imports of pork for human consumption from the bloc. The Commerce ministry inquiry was in response to a complaint by Chinese pork producers earlier this month.
Reuters
GE Aerospace's Larry Culp declined Boeing's request to take over as CEO, WSJ reports
Boeing and GE Aerospace did not immediately respond to Reuters' requests for comment. Culp on several occasions had said he was not interested in the job. In April, Culp told Reuters he can best serve Boeing by being its best supplier.
GOBankingRates
6 Remote Jobs That Can Help Retirees Supplement Social Security
Hanging up your career and retiring does not negate you from needing money to live in your golden years. Retirees, now more than ever, are looking for ways to supplement their Social Security income...
Reuters
German robotics industry faces stiff competition from China, VDMA says
Growing competition from China is weighing on the outlook for Germany's robotic industry, which is already struggling with falling orders in a weak domestic economy, a representative of the VDMA engineering association told Reuters. "Competition is fierce," Frank Konrad, head of VDMA's robotics and automation department, said in comments published on Monday. "Many Chinese suppliers have grown strongly in their home markets and are now pushing into Europe."

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UPDATE 1-Chevron Australia starts repair work on Wheatstone platform, says spokesperson

Latest stories

Singapore port container logjam worsens as ships avoid Red Sea

Spain seeks to avert trade war after China announces pork anti-dumping probe

China opens tit-for-tat anti-dumping probe into European pork

Judge orders railway to pay Washington tribe nearly $400 million for trespassing with oil trains

Rival pork exporters could benefit from China-EU trade tensions

"Sorry, I Don't Work For You Anymore." — 17 Stories From Employees Who Got Petty Revenge On Their Awful Bosses

BYD: China’s electric vehicle powerhouse charges into Europe

The threat of a Europe-China trade war looms as Beijing launches an antidumping probe on pork

12 Things You Should Never Buy at Gas Stations

The Most Influential City in the World

Texas producing fossil fuels at record levels amid heat wave

The US wants to decouple its military supplies from China - but can it?

Musk plans stock option grants to Tesla's high-performers, sources say

Philip Morris suspends nationwide sales on Zyn.com after D.C. subpoena

China probes European pork prices after EU hikes tariffs on its electric cars

UPDATE 1-Singapore's May exports down 0.1% y/y, better than forecast

China targets EU pork as threat of trade war escalates

GE Aerospace's Larry Culp declined Boeing's request to take over as CEO, WSJ reports

6 Remote Jobs That Can Help Retirees Supplement Social Security

German robotics industry faces stiff competition from China, VDMA says