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Global Trade & Economics: Page 219

Merck in Deal With Sinopharm to Bring Covid Pill to China

The deal with Chinese state-owned drug-maker Sinopharm to import and market its antiviral molnupiravir in China is a sign the country is considering more COVID-19 medicines from overseas developers.

Photo: Bloomberg

U.S. Logistics Managers’ Gauge Rises for First Time Since March

The Logistics Managers’ Index increased to 61.4 in September from 59.7 a month earlier, the report posted online Oct. 4 showed.

Photo: Bloomberg

Micron Pledges Up to $100 Billion for Semiconductor Factory in New York

The commitment by Micron is a sign that the federal government’s prodding and package of generous incentives is helping to steer investment decisions.

Micron's San Jose, California, campus. Photo: Micron

Retailers Including Target, Walmart Get Tough on Suppliers with Fines for Late Orders

Large retailers grappling with supply-chain snarls, inflation and increased automation are cracking down on orders from their vendors.

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

EV Makers Must Partner with Miners to Secure Key Metals

A key lithium producer in Australia is urging electric car manufacturers and battery makers to partner in new refinery projects, to avoid shortfalls of the material that’s crucial to the clean energy transition.

Dale Henderson, chief executive officer of Pilbara Minerals. Photo: Carla Gottgens/Bloomberg

Ocean Carriers Cancel Asia-Europe, U.S. Sailings

The spate of cancellations in October marks a sharp reversal from a few months ago, when shipping lines commanded premium prices and booked record profits.

CONTAINER SHIP AT SEA OCEAN CARRIER

EU Agrees Windfall Tax on Energy Firms

The plan includes a levy on fossil fuel firms' surplus profits and a levy on excess revenues made from surging electricity costs. The cash raised is expected to go to families and businesses.

Photo: iStock.com/ChakisAtelier

Nike Feels Squeeze From Strong Dollar and Discounts

The sportswear giant, which makes over half of its revenue outside North America, doubled how much it thinks the soaring dollar will hit its annual revenue.

Hong Kong Will Keep Reopening Unless New Variant Emerges, Lo Says

Hong Kong will stick with its push to reopen to the world unless a dangerous new virus variant emerges, while stressing the financial hub has an obligation to protect mainland China from major COVID-19 outbreaks.

Port of Hong Kong. Photo: Bloomberg

Micro-Warehouse Provider Pivots as Retail Consumer Market Shifts

Fabric, which operates small, automated distribution centers in densely-populated areas, is cutting its workforce and shifting its business strategy as grocers and retailers look instead to add automated operations inside stores.

Photo: iStock.com/xiaoke chen

U.S. Goods-Trade Gap Narrows to Smallest Since October 2021

The shortfall shrank 3.2% to $87.3 billion last month, Commerce Department data showed Sept. 28, suggesting a tailwind for economic growth in the third quarter.

Port of Los Angeles. Photo: Bloomberg

Bosses Can Beat the Tight Labor Market by Tearing the Paper Ceiling

Over 70 million workers in the U.S. have developed skills through military service, or by attending community college or other training programs, disproportionately people of color, veterans or from rural areas.

Photo: Bloomberg

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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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Enhancing High-Value Electronics Shipment Security with Tive's Real-Time Tracking

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