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Global Trade & Economics: Page 210

China Abandons Key Parts of Zero-COVID Strategy After Protests

People with COVID can now isolate at home rather than in state facilities if they have mild or no symptoms. They also no longer need to show tests for most venues, and can travel more freely inside the country.

Photo: iStock.com/Graeme Kennedy

Kroger Raises Profit Outlook as Regulators Weigh Albertsons Purchase

For Kroger, the next year is critical as it awaits the outcome of its proposal to buy Albertsons for $24.6 billion.

Photo: Bloomberg

Oil Tankers Queue up off Turkey as Price Cap on Russian Crude Begins

The tanker buildup is the first sign of the impact of the cap on the international oil market, which has been upended by the war in Ukraine.

An oil tanker in the Bosphorus. Photo: iStock.com/yunlutas

Tesla Plans to Cut Output of EVs at Shanghai Factory

The trimming marks the first time Elon Musk’s EV maker has voluntarily reduced production at its Shanghai plant.

Photo: Bloomberg

Six Logistics Trends to Watch for in 2023

The transportation and logistics industry faces new challenges and an uncertain economy in the coming year. Following are six trends we can expect to see in 2023.

Photo: iStock.com/asbe

U.S. Adds 263,000 Jobs in November as Unemployment Rate Stays at 3.7%

The latest figures show hiring has remained resilient despite rising interest rates and the announcement of a series of layoffs at technology and real estate companies.

Photo: iStock.com/hapabapa

Apple to Move Production Out of China

The company is acting after turmoil at its biggest iPhone manufacturing site, a Foxconn facility in Zhengzhou, China.

Apple Office Old

EU Agrees to Set $60 Price Cap Level for Russian Oil Exports

Diplomats have been under pressure to nail down the cap plan before EU sanctions on seaborne Russian oil kick in December 5.

Russia Oil Derricks Bloomberg

Ships Linked to Russia’s Biggest Grain Exporter Moved Stolen Ukrainian Cargo

The smuggling process builds on operations in Russian-occupied Ukraine, where trucks have moved stolen grain through a clandestine system to Crimea.

Sevastopol. Photo: iStock.com/Vladimir Zapletin

Cooling Demand Squeezes Factory Activity in Europe and Asia

Manufacturing had just started to recover from pandemic-related lockdowns and supply-chain disruptions, making the global slowdown a rising concern.

Photo: iStock.com/peshkov

Biden Proposes Overhaul of U.S. Biofuel Law to Boost EV Makers Like Tesla

An Environmental Protection Agency proposal released December 1 invites public feedback on an array of changes to the Renewable Fuel Standard.

Photo: Bloomberg

Podcast | Can Mexico Replace China as a Manufacturing Powerhouse?

China is losing its luster as a low-cost source of manufacturing. Is Mexico an alternative?

Photo: iStock.com/Oleksii Liskonih

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Photo: iStock/Anastasiia Yanishevska

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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