Bloomberg Europe’s steel industry faces a “tsunami of problems” if a relaxation of import restrictions goes ahead as planned next week, according to steelmakers including top producer ArcelorMittal. From July 1, steelmakers from outside European Union will see tariff-free quotas increase by 5 percent, raising the risk of more supplies into the bloc. While the industry remains optimistic, the-re are ...

Bloomberg Just a few weeks into California’s dry summer season, fires linked to PG&E Corp. have already started to break out. More than 2,000 acres burned in Monterey County last week, with power lines blamed as the cause. Earlier this month, a transformer burst into flames in Marin County, north of San Francisco, and ignited a brush fire. In San ...

We are now passing a significant milestone. The current economic expansion has become the longest in US history. Previously, the record was the decade from March 1991 to March 2001 (120 months). When the present recovery enters July, it will mark the 121st month of expansion. Just how much longer it will last is anyone’s guess, but, politically, this is ...