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Mexico's Energy Reform Strains Ties with U.S.

Mexico's plan to favor its own state-owned electrical power plants and limit energy sales by private, foreign-built projects could affect U.S. investment in Mexico, officials said during bilateral talks this week.

According to statements issued Friday, the U.S. government has "real concerns with the potential negative impact" on U.S. firms and investments.

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Lebanon to Sign Electricity Deal with Jordan Next Week

Crisis-hit Lebanon will sign a deal with Jordan next week to bring in electricity via Syria to help ease grueling power cuts, Energy Minister Walid Fayyad has told AFP.

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French Energy Giant Total Joins Push for Myanmar Sanctions

French energy conglomerate TotalEnergies has asked the American and French governments to support targeted sanctions against Myanmar's oil and gas funds, the largest single source of income for the country's military leaders.

In a letter to Human Rights Watch released Thursday, the CEO of Total, Patrick Pouyanné, said the company was using all the tools at its disposal to stop funding the junta that took over Myanmar's government and its bank accounts in February 2021, including those that receive hundreds of millions of dollars each year from the Yadana gas field.

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Toyota Production in Japan Hit by Parts Crunch from COVID-19

The shortage of parts caused by the coronavirus pandemic is further denting production at Toyota, Japan's top automaker.

Production at 11 plants in Japan will be halted Friday, Saturday and next Monday, Toyota Motor Corp. said.

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Netflix Stock Plunges as Subscriber Growth Worries Deepen

Netflix delivered its latest quarter of disappointing subscriber growth during the final three months of last year, a trend that management foresees continuing into the new year as tougher competition is undercutting the video streaming leader.

The Los Gatos, California, company added 8.3 million worldwide subscribers during the October-December period, about 200,000 fewer than management had forecast. Besides releasing its fourth-quarter results Thursday, Netflix also projected an increase of 2.5 million subscribers during the first three months of this year, well below analysts' expectations for a gain of 4 million, according to FactSet Research.

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Global Shares Slide after More Losses on Wall Street

Shares were lower in Europe and Asia on Friday after a late afternoon sell-off wiped out gains for stocks on Wall Street.

Britain's FTSE 100 fell 0.9% to 7,518.29, while the DAX in Germany declined 1.4% to 15,695.88. In Paris, the CAC 40 lost 1.2% to 7,110.11. The future for the S&P 500 was 0.1% lower, while the future for the Dow industrials edged up 0.1%.

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Lebanese Judges to Visit Paris over Salameh Probe

A Lebanese judicial delegation will meet French authorities in Paris next week to discuss investigations into Lebanon's Central Bank Governor Riad Salameh, a judicial source said on Thursday.

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World Stocks Mixed after China Rate Cuts, Japan Export Gain

Global stocks were mixed Thursday after China cut interest rates and President Joe Biden said "we're not there yet" on lowering punitive tariffs on Chinese goods.

London and Tokyo gained while Shanghai and Frankfurt declined.

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Japan's Imports Hit Record Highs on Surging Energy Prices

Japan's exports and imports both reached record highs in December, largely because of surging oil prices and a weaker yen, the government said Thursday.

Japan's imports last month surged 41% from the same month a year earlier. Exports rose 17.5% from the previous year, on stronger shipments of autos and computer chips.

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Emirates to Again Fly Boeing 777 to U.S. as 5G Rollout Slowed

Long-haul carrier Emirates said Thursday it will resume its Boeing 777 flights to the U.S. after halting its use of the aircraft there over concerns new 5G services in America could interfere with airplane technology that measures altitude.

International carriers that rely heavily on the wide-body Boeing 777, and other Boeing aircraft, canceled early flights or switched to different planes Wednesday following warnings from the Federal Aviation Administration and the Chicago-based plane maker over possible interference with radio altimeters.

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