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Global Trade & Economics: Page 192

U.K. Lays Out £1bn Plan to Invest in Domestic Chip Sector

Britain plans to focus its investments on areas where the nation already has an advantage like research and design, according to Prime Minister Rishi Sunak

Photo: Bloomberg

Port of Los Angeles Shipping Volumes Fell 22% Year-on-Year

Through the first four months of 2023, the Port of Los Angeles processed over 2.5 million TEUs, a 29% drop-off compared to the first four months of 2022.

Port of Los Angeles. Photo: iStock.com/jgroup

Jaguar Owner Tata Leans Toward U.K. Over Spain for Battery Plant

Tata Group, the parent company of Jaguar Land Rover, is reportedly leaning toward the U.K. as the location for the company's next major battery plant.

An employee works on a Jaguar XJ automobile on the production line at Tata Motors Ltd.'s Jaguar assembly plant in Castle Bromwich, U.K., on Thurs., March 16, 2017. Photo: Bloomberg

Target Earnings Flat as Shoppers Stick to Basics

Shoppers are pulling back on discretionary items like electronics and home projects and instead focusing on home essentials.

Shoppers Carry Target Shopping Bags In Front Of A Store In San Francisco, California, Us, On Tuesday, May 10, 2022 Bloomberg

U.K. Lobbies for Less Strict Brexit Trade Rules as Carmakers Seek Help

Stellantis NV, which employs 5,000 people in the U.K., said it’s unable to meet local requirements because of rising material costs and a lack of U.Kbattery supplies.

Photo: Anthony Devlin/Bloomberg

Supplier Diversification – The Reality

Options will help explore diversification methods, and continue to help companies deal with any future sanctions or restrictions.

Photo: iStock.com/JIRAROJ PRADITCHAROENKUL

Global Supply Chains Are Being Underutilized for the First Time Since 2020

The GEP Global Supply Chain Volatility Index fell from 0.32 in March 2023 to -0.04 in April 2023, meaning supply chains have become less volatile.

Photo: iStock.com/vitacopS

U.S. Imports of ‘Blood Teak’ from Myanmar Continue Despite Sanctions

The EIA has warned the military-controlled government is likely not following the law, and the country is on track to lose its forests by 2035.

Traveler trekking at sunrise near Inle Lake, Myanmar (Burma). Photo: iStock.com/Joel Carillet

Home Depot Cuts Outlook as Softening Demand Hits Sales

Analysts largely see Home Depot as resilient in the long term due to still-high home prices and ongoing remodeling activity as many continue to work from home.

Photo: iStock.com/Sundry Photography

Tanker Companies Reaping Bonanza from Aging Ships Sold into ‘Shadow Fleet’

Owners of newer ships are also doing well, getting high prices for old ships while benefiting from strong tanker rates.

Photo: iStock.com/Stefan Lambauer

Samsung Plans Chip Development Facility in Japan: Nikkei

The semiconductor chip development facility will be located in Yokohama and will begin operations in 2025.

Samsung will build a new semiconductor chip development facility in Japan. Photo: Michele Tantussi/Bloomberg

G-7 Finance Chiefs to Add New Supply-Chain Proposal in Statement

Finance chiefs will propose new supply chain partnerships that’ll be open to other nations and require countries to have standards on human rights and environmental policies.

Photographer: Kiyoshi Ota/Bloomberg

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Photo: iStock/Anastasiia Yanishevska

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