Bloomberg China urged the US to take steps to repair damaged ties between the two countries, as the Biden administration weighs a new investigation into Chinese industrial subsidies. Foreign Ministry spokesman Zhao Lijian called on the US to uphold the spirit of the telephone conversation last week between President Joe Biden and Xi Jinping. Zhao was responding to a question ...

Bloomberg The global shipping industry is getting its biggest payday since 2008 as the combination of booming demand for goods and a global supply chain that’s collapsing under the weight of Covid-19 drives freight prices ever higher. Whether it’s giant container ships stacked high with of 40-foot steel boxes, bulk carriers whose cavernous holds house thousands of tons of coal, ...

Bloomberg Two of the leading investors at Italy’s Assicurazioni Generali SpA are escalating their battle with the insurer’s management in a push that could include replacing Chief Executive Officer Philippe Donnet. Construction magnate Francesco Gaetano Caltagirone and Luxottica founder Leonardo Del Vecchio, who together own about 11% of Generali, reached an agreement to work toward “a more profitable and effective ...