WSJ News Exclusive | Lawmakers Make Bipartisan Push for New Government Powers to Block U.S. Investments in China

Congress is pressing ahead with legislation that could rewrite the rules for American companies investing abroad, proposing the screening of investments in countries like China seen as adversaries to protect U.S. technologies and rebuild critical supply chains. The measure, part of broader legislation to bolster U.S. competitiveness with China, would require American companies and investors … Read more

France Probes EDF Nuclear Plant Over Safety Complaint

PARIS—French prosecutors are investigating disclosure of safety issues at a nuclear-power plant run by EDF SA, EDF 6.32% the latest setback for the electricity giant as Europe struggles with high energy prices in the wake of Russia’s invasion of Ukraine. Prosecutors in Marseille opened the investigation last month, following a complaint from a former top … Read more

WSJ News Exclusive | OPEC Weighs Suspending Russia From Oil-Production Deal

Some OPEC members are exploring the idea of suspending Russia’s participation in an oil-production deal as Western sanctions and a partial European ban begin to undercut Moscow’s ability to pump more, OPEC delegates said. Exempting Russia from its oil-production targets could potentially pave the way for Saudi Arabia, the United Arab Emirates and other producers … Read more

Old Navy to Scale Back Its Inclusive Sizing Strategy

Old Navy is scaling back an attempt to make women’s clothes more inclusive for all body types, after demand for the larger sizes fell short and the chain didn’t have enough middle sizes. Gap Inc. CEO Sonia Syngal said Old Navy stores will no longer carry all the sizes. Old Navy will continue to offer … Read more

Starbucks to Exit From Russia

Starbucks Corp. SBUX 0.53% is closing down its business in Russia, as the invasion of Ukraine puts an end to its 15-year presence in the country and marks the departure of another big Western corporation. The global coffee giant suspended its licensee’s Russian business March 8 in the days after the conflict erupted. Starbucks, which … Read more

Buffalo Shooting Tests Internet Antiterrorism Accord

WELLINGTON, New Zealand—The live-streaming of a shooting rampage at a supermarket in Buffalo, N.Y., demonstrated the strengths and limitations of a global accord to counter the spread of terrorist content online. The Christchurch Call’s initial goal was to forge a coordinated response by social-media companies when violent, extremist videos are broadcast on their platforms. A … Read more

Rising Risk of Recession Creates New Headache for Biden

The Federal Reserve’s efforts to slow inflation are raising the possibility of higher unemployment, a slower-growing economy and a recession, prospects that could create new headaches for the Biden administration. As the country heads into midterm-election season, much of the political discussion has centered around solid economic growth and robust employment versus the damaging impact … Read more

Old Navy Made Clothing Sizes for Everyone. It Backfired.

Old Navy set out to make clothes shopping more inclusive for women of all body types. It ended up with too many extra-small and extra-large items and too few of the rest, a mismatch that frustrated customers and contributed to falling sales and a management shake-up. The stumbles at Old Navy are a problem for … Read more

Weber Shares Fall as Barbecue Brand Cuts Profit View Again

Weber’s initial public offering at the New York Stock Exchange last year. The grill seller reported a loss for its latest quarter. Photo: Richard Drew/Associated Press Weber Inc. WEBR -5.18% on Monday cut its profit outlook for the second consecutive quarter and said sales would fall for the year due to global supply-chain disruptions and … Read more

McDonald’s to Exit From Russia After Three Decades

McDonald ’s Corp. said it would quit Russia and sell its business there, ending more than three decades in the country over its invasion of Ukraine. The fast-food giant joins a raft of Western companies, from auto makers to oil producers, exiting Russia—after in some cases having initially paused operations—as the war in Ukraine rumbles … Read more