Global freight acceleration to lift fuel prices

LONDON, Mar 30 (Reuters): Global trade flows have showed signs of accelerating at the start of 2024, as the major industrial economies began to pull out of the slump that started in late 2022, which should boost demand for transport fuels such as diesel.Short-term activity indicators have been distorted by...

Automakers urge Biden to oppose US Steel sale to Cleveland-Cliffs

WASHINGTON, Mar 30 (Reuters): A group representing major automakers on Friday urged the White House to oppose any effort by steelmaker Cleveland-Cliffs to buy rival US Steel, warning that a deal could result in anti-competitive pricing for vehicles."A consolidation of the two companies would also place 65 to 90 per...