The shortfall in goods trade narrowed by 6.1% to $91.1 billion, according to Commerce Department data released on June 28.

The latest terms of the contract sweeten management’s previous offer of health insurance and increased wages while also limiting mandatory overtime.

The company is also seeking partners to set up recycling sites in North America, said chief manufacturing officer Ni Jun June 28. 

Nestle joins airline EasyJet Plc and Gucci owner Kering in backing away from so-called carbon offsetting as a way to meet net zero emissions targets.

“Political leaders in Europe... are interested in so-called decoupling or de-risking. Which, to be honest, according to our understanding, would be [economic] suicide,” said Hungary’s Foreign Minister.

The restored status will take effect July 21, 2023, according to a June 27 statement from Japanese trade minister Yasutoshi Nishimura.

"Temperatures above the norm across Europe could potentially increase energy demand for cooling purposes,” said Energi Danmark in a note.

China imported just 490,000 tons of cotton during the first five months of 2023, half the amount compared to the same period in 2022. 

The value of core capital goods orders increased by 0.7% during May after a downwardly revised 0.6% gain during April 2023, according to Commerce Department figures.

Chicago wheat futures climbed to $7.56 a bushel in New York trading on June 26, putting prices on track for a 29% monthly gain, the biggest since 2015.