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Covid lockdowns weigh on retail, industrial production data

The persistent spread of Covid and resulting stay-home orders — primarily in Shanghai — forced factories to close or operate at limited capacity in April. Pictured here on May 12 is a refrigerator factory in Hefei, China, about a five hours' drive from...

Ridiculous to think we can stop fossil fuel production immediately: CEO

Fossil fuels are ingrained in the global energy mix and companies continue to discover and develop oil and gas fields at locations around the world.Imaginima | E+ | Getty ImagesLONDON — The CEO of Standard Chartered believes it's "ridiculous and naive" to think...