The White House said Tuesday it shared concerns over South Africa's relationship with Russia after lawmakers called for the longtime US partner's expulsion from a major trade pact. "We share Congress's concern about South Africa's potential security partnership with Russia," Judd Devermont, the top White House official on sub-Saharan Africa, told reporters when asked about the lawmakers' letter.
World wine production dropped 10 percent last year, the biggest fall in more than six decades, because of "extreme" climate changes, the body that monitors the trade said Thursday. France bucked the falling harvest trend, with a four percent rise, making it by far the world's biggest wine producer.
Japanese auto giant Honda announced Thursday the largest automotive investment in Canada's history, worth Can$15 billion (US$11 billion), for a massive new EV battery and vehicle assembly plant. Its new facility in Alliston, Ontario will be the first to tap into Canada's EV supply chain investment tax credit and joins recently announced Volkswagen and Stellantis battery plants in Canada.
American Airlines reported a quarterly loss Thursday on an uptick in labor and other operating costs as the carrier confirmed its full-year financial forecast. American confirmed its full-year profit forecast range of between $2.25 and $3.25 per share.
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