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Global Trade & Economics: Page 216

Pfizer Probed in Italy for Allegedly Hiding $1.2 Billion Profit
Italy’s Guardia di Finanza is alleging that Pfizer’s unit, Pfizer Italia Srl, transferred excess capital to affiliates in the U.S. and the Netherlands to avoid taxes on profits
Photo: Bloomberg
Upstart European Lithium is Valued at $970 Million in Deal for U.S. Listing
Upstart mining company European Lithium could become one of Europe’s only sources of a key metal for electric-vehicle batteries.
Photo: iStock.com/HT Ganzo
Scholz Rebuffs Cabinet to Allow China Bridgehead at Hamburg Port
The chancellor agreed to settle for a smaller deal that would give the Chinese state-owned company less sway after six members of his cabinet voiced their opposition.

Photo: Bloomberg
Four Areas Where Supply Chain Management Is Easier Than Ever
The difference between crumbling under the weight of complex supply chains and reacting to sudden change is a matter of having the right tools.
Photo: iStock.com/metamorworks
The Hidden Corner of the Energy Market — Russian LNG
Importers argue the shipments aren’t covered by EU sanctions, yet the trade runs counter to the EU’s efforts to deprive Russia of fossil-fuel revenues.
Russian Oil Logistics in Chaos Ahead of Looming Sanctions
A vast shadow fleet of tankers with unknown owners is being amassed to service Moscow’s interests, despite the harshest sanctions on Russian exports in history.
Photo: Bloomberg
China’s Delayed Growth Figures Released
China released a set of economic figures which had been postponed from the previous week, one day after Xi named party loyalist Li Qiang as the new second-in-command.
Nanjing Road in Shanghai. Photo: iStock.com/zhuyufang
Whirlpool Cuts Production to Counter Falling Appliance Sales
Whirlpool is slashing production of its refrigerators, dish washers and other home appliances by more than a third to shrink inventories.
Photo: Whirlpool
Toyota Warns of Falling Short of Output Goal on Chip Shortages
The world’s biggest auto manufacturer said it will produce 800,000 units in November and suspend operations at several of its plants in Japan due to the impact of supply constraints.
Photo: Bloomberg
Southern California’s Notorious Container Ship Backup Ends
The queue of container ships waiting for berths at the ports of Los Angeles and Long Beach fell to just four vessels this week.
Photo: Port of Los Angeles
Novartis Allows Generic Leukemia Drug Production in Seven Nations
The oral drug, nilotinib, is used to treat chronic myeloid leukemia, and may be made in Egypt, Guatemala, Indonesia, Morocco, Pakistan, the Philippines and Tunisia.
Photo: Bloomberg
Flexport Receives $200 Million From KKR to Grow Trade Financing
The credit facility from the New York-based investment firm is Flexport Capital’s first outside funding since its inception in 2017.
Photo: Bloomberg
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