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Global Trade & Economics: Page 187

Eni Increases Gas Reach with $4.9bn Neptune Deal

The deal’s enterprise value is reportedly split into $2.28 billion for Neptune’s Norwegian assets, which go to Var Energi, and $2.6 billion for the rest.

Photo: Thor Oliversen/Bloomberg

Nigeria’s Oil Goes Unsold as Tax Clawback Shakes Confidence

Traders said Nigeria's surplus was caused by a request for back taxes from shipping companies, which created wariness among firms looking to collect oil barrels from the country.

Warrington, U.K. March 2017. Photo: Bloomberg

Panama Canal Experiencing Worst Drought in a Century

Shipowners and charterers are adjusting operations to meet the lighter-load requirements, and weighing the costs of routing shipments elsewhere.

Photo: iStock.com/Federico Barbieri

Semiconductor Unpredictability: Prescriptive Advice for Business

When the next super cycle hits, the basic problems of the global supply chain will not be resolved, and most likely the market will lag for several more years.

Photo: iStock/kynny

Global Chip Race Touches Off Spending Spree, Led by Intel’s $50-Billion Campaign

Combined, the U.S., EU, Japan and India have committed more than $100 billion in subsidies to attract the likes of Intel, Taiwan Semiconductor Manufacturing and Micron.

Newport, U.K. August 2022. Photo: Bloomberg

Eden Green Is Set on Fixing America’s Produce Sourcing Problem

Nine times out of ten, people on the East Coast are eating lettuce that has traveled more than 3,000 miles, a problem Eden Green is trying to fix.

Photo: Eden Green

Hyundai Raises 2030 Electric-Vehicle Sales Goal to 2M

Hyundai also plans to spend about $85 billion to boost production and make progress in areas such as hydrogen cars, EV batteries and software for future mobility.

Photo: Bloomberg

World’s Top Dairy Maker Plans Chicago Expansion After $3.2bn Kraft Deal

The family-owned company plans to hire almost 100 people at its Chicago offices over the next 12 months, according to Peter Cotter, CEO of Lactalis Heritage Dairy.

Brooklyn, New York. July 2022.Photo: Gabby Jones/Bloomberg

Saudi Arabia’s PIF Leads Bidding for $2.5bn Vale Base Metals Stake

Saudi Arabia's Public Investment Fund is reportedly in advanced discussions over a deal for a roughly 10% holding in Vale SA's base metals unit.

South Sulawesi, Indonesia. June 2022. Photo: Bloomberg

China to Sign New 27-Year LNG Deal with Qatar to Secure Fuel

China National Petroleum will seal a 27-year liquified natural gas purchase agreement of 4 million tons annually with QatarEnergy, according to a person with knowledge of the matter.

Photo: Bloomberg

U.S. Business Logistics Costs Reach All-Time High

U.S. business logistics costs grew by 19.6% year-on-year in 2022 after coming in at $1.937 trillion in 2021, according to CSCMP's annual State of Logistics Report.

Photo: iStock.com/B4LLS

Amazon, Hilton and Pepsi to Hire Thousands of Refugees in Europe

The firm said most of the new roles for refugees would be in areas such as fulfilment and distribution.

Photo: iStock.com/Sviatlana Lazarenka

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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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