Hurricane Maria—a “potentially catastrophic” Category 5 storm with maximum sustained winds of 165 miles (266 kilometers) per hour—is expected to pass near the U.S. Virgin Islands Tuesday night and across Puerto Rico on Wednesday, according to a National Hurricane Center advisory at 5 p.m. New York time. The storm comes just two weeks after Hurricane Irma ripped through the territories. Puerto Rico was spared a devastating hit but may not be so fortunate this time, with the eye forecast to move directly overhead.
EU opens investigation into China’s medical device procurement
The European Union launched an investigation into China’s medical device procurement, as the bloc seeks to address concerns that Beijing’s policies unfairly favor domestic suppliers.
Brazil joins protectionist wave in face of cheap steel imports
Brazil is stepping up protections for its steelmakers amid an influx of cheap imports led by China, by imposing an import quota system on 11 types of alloy products.
Fortescue iron ore exports take hit from derailment, weather
Fortescue Ltd., the world’s fourth-biggest iron ore miner, said it expects full-year shipments of the steelmaking material to be at the lower end of its guidance after disruptions at its…
