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Global Trade & Economics: Page 171

Chevron Australia, LNG Workers Agree on Deal One Day Before Strikes

The Offshore Alliance union representing workers at the Gorgon and Wheatstone plants said that it called off strike actions scheduled for October 19.

Dallas, Texas. Photo: iStock.com/JVHEPhoto

U.S. Cutting Off China from More NVIDIA Chips, Expanding Technology Curbs

The regulations restrict more advanced chips and chipmaking tools from being exported to other countries besides China, like Russia and Iran.

Photo: iStock.com/Antonio Bordunovi

How Will 2023’s Peak Season Compare to Others?

If businesses fail to get rid of their supplies, they will be forced to refinance all their debt at much higher interest rates.

Photo: iStock.com/ake1150sb

EU’s Carbon Price on Shipping Threatens Economic Growth, Southern Nations Say

Under a deal struck in 2022, shipping will be phased into the EU’s carbon market from January 1, starting with 40% of emissions for 2024 being covered.

Photo: Bloomberg

U.K., Europe, Doing Little to Address Forced Labor in China’s Seafood Industry

While the U.S. government has taken some steps to block such imports, neither the British government nor the European Union has followed Washington’s lead.

Photo: iStock.com/LUNAMARINA

Macy’s Will Open up to 30 Smaller Stores, Away from Malls

Macy’s has tested the shops, which are roughly one-fifth the size of its traditional mall stores, for nearly four years.

Photo: iStock.com/jetcityimage

Rite Aid Files for Bankruptcy

Rite Aid is one of many drugstore chains dealing with lawsuits stemming from the deadly abuse of opioids in the United States.

Photo: iStock.com/ablokhin

Top Indian Solar Manufacturer Asks for Protection from China, Vietnam Imports

The temporary relaxation of a safeguard mechanism has ushered in a flood of cheap imports, forcing local manufacturers to idle some capacity, said Waaree Energies Ltd. chairman Hitesh Doshi.

Photo: Yen Duong/Bloomberg

U.S. Allowing Samsung, SK Hynix to Receive American Chipmaking Tools in China

The authorization allows the companies to continue using their China-based chipmaking operations without having to apply for licenses with the U.S. to receive new equipment.

Photo: iStock.com/crstrbrt

The Israel-Palestine Conflict Could Disrupt Trade Flows In and Out of the Region

The conflict could interrupt trade between Israel and other major markets, such as the U.S., Germany and India, over the next few weeks.

Photo: iStock.com/Tomas Ragina

U.S. Producer Prices Rise by More Than Forecast on Gasoline, Food

The producer price index for final demand advanced 0.5% from August to September, marking the third-straight month of increases.

Photo: iStock.com/SupawadeeAdam

ERG Signs Deal to Sell Cobalt to American Battery Material Manufacturer

ERG will sell 3,000 metric tons of contained cobalt metal to EVelution annually, which will be used to build an Arizona-based low-carbon cobalt sulfate plant starting in 2024.

Roros, Norway. Photo: iStock.com/Dmitry_Chulov

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How a Leading U.S. Floral Distribution Company Reduced Warehouse Labor Costs by 45% with RFID

Recycled Tagging Fasteners: Small Changes Make a Big Impact

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