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Global Trade & Economics: Page 221

Granholm’s Call to Build U.S. Fuel Stockpiles Is a Losing Proposition

Diesel futures in New York are trading in the widest backwardation for this time of year in data going back to 2008, meaning the product in storage is losing value each day.

US Energy Secretary Jennifer Granholm Photo: Bloomberg

California Sues Amazon, Alleging Antitrust Violations, Inflated Prices and Stifled Competition

California is suing the e-commerce giant over practices the state says inflate prices, stifle competition and violate antitrust laws.

The Amazon Shopping app is displayed on a smartphone. Photo: Sagar Soneji/ Pexels.

U.S. Steel Says Accelerating Headwinds Eroding Metal Demand

The Pittsburgh-based producer said demand has dropped across most of its markets amid persistent supply-chain problems and higher costs for raw materials and energy in Europe.

Photo: Bloomberg

U.S. Manufacturing Output Increases for a Second Straight Month

U.S. factory production rose slightly in August as resilient business investment more than offset a pullback in the output of consumer goods, consistent with steady manufacturing activity.

Photo: Bloomberg

Biden Signs Order to Boost Bio-Manufacturing, Compete with China

President Joe Biden signed an executive order laying out a strategy to bolster domestic bio-manufacturing and reduce reliance on China for new medicines, chemicals and other products.

Photo: Bloomberg

U.K. Peer Urges Biden to Ban Bain & Co. from U.S. Government Contracts

In August Bain was barred from tendering for U.K. government contracts for three years over its “grave professional misconduct” in state corruption in South Africa.

Union Buildings in Pretoria, the official seat of the South African government and also the offices of the President of South Africa Photo: iStock.com/demerzel21

India’s Top Conglomerate in Talks to Join Club of iPhone Makers

Tata Group is in talks with a Taiwanese supplier to Apple Inc. to establish an electronics manufacturing joint venture in India, seeking to assemble iPhones in the South Asian country.

Photo: iStock.com/gorodenkoff

Study: Heat stress to Threaten Over 70% of Global Agriculture by 2045

Almost three quarters of the world’s current food production will face extreme risks from heat stress by 2045, according to a report by risk intelligence company Verisk Maplecroft.

Global Warming Heat Stress Risk Bubble Verisk Maplecroft

EU’s Ban on Russian Fuel to Spark a Jump in Global Tanker Demand

The European Union’s ban on Russian fuel imports is likely to actually increase the world’s need for oil tankers, according to vessel owner Torm A/S.

Photo: Bloomberg.

U.S. Bars 'Advanced Tech' Firms From Building China Factories for 10 Years

U.S. tech companies that receive federal funding will be barred from building "advanced technology" facilities in China for 10 years, the Biden administration has said.

Photo: iStock.com/wildpixel

German Port Congestion, Supply Bottlenecks Weigh on Global Trade

Supply-chain snarls are persisting, with more than 2% of all global shipping capacity at a standstill outside Germany’s North Sea ports.

Port Of Hamburg Sunset I Stock 1335489644

U.S. is Losing Soybean-Export Edge as Brazil Closes Logistics Gap

U.S. farmers facing supply-chain bottlenecks and a surging dollar are losing their competitive edge in the global market for soybeans to their biggest rival: Brazil.

Soy Plants I Stock 1311291415

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