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Global Trade & Economics: Page 230

Ukraine’s Farmers Fight to Stave Off Global Food Crisis

It’s hard to overstate the importance of farming in Ukraine, as countries reliant on its crops scramble to find alternative supplies.

Sunflowers in a field at dusk. Photo: Getty.

U.S. Businesses See Record Price Growth, Backlogs in April

A measure of prices received by U.S. manufacturers and service providers increased to a record in April as firms shifted the burden of higher wages and surging costs to customers.

A warehouse worker operates a forklift. Photo: Shutterstock.

Texas Governor’s Border Slowdown Cost $4 Billion, Research Shows

Texas’s economy took a more than $4 billion hit in April after Governor Greg Abbott’s order to ramp up on security at the border resulted in shipping delays and bridge blockades, according to a new analysis.

Trucks travel across the World Trade International Bridge in Laredo, Texas. Photo: Bloomberg.

Ukraine War Gives U.S. LNG Chance to Shed Its Stigma

The experts and employees of Cheniere Energy Inc., the largest U.S. exporter of natural gas, are part of a high-stakes campaign to show Europe that as it abandons Russian gas, it can substitute the American variety without fear. Their job is to find the most efficient leak detecting system.

The Cheniere Sabine Pass Liquefaction facility in Cameron, Louisiana. Cheniere Energy Inc. is the largest producer and exporter of liquefied natural gas (LNG) in the U.S. and the second-largest LNG operator in the world. Photo: Bloomberg.

Produce Worth Millions Gets Stuck in Blockade by Mexico Truckers

Grocery stores in some parts of the U.S. are expected to run out of certain perishable goods Easter weekend because of a Mexican truckers’ blockade that has stranded millions of dollars worth of fresh produce.

A close up view of avocados. Photo: Canva.

Here’s How China’s Lockdowns Are Rippling Through Economy

China’s lockdowns to contain the country’s worst Covid outbreak since early 2020 have battered the economy, stalling production in major cities like Shanghai and adding pressure to global inflation.

An aerial view of the Port of Shanghai in Shanghai, China. Photo: Getty Images.

Texas Governor Halts Some Truck Inspections on Border Snarl

Texas is halting some vehicle inspections at the U.S.-Mexico border after Governor Abbott’s crackdown provoked protests that halted crucial food and equipment shipments.

Trucks travel across the World Trade International Bridge in Laredo, Texas. Photo: Bloomberg.

Russia’s War Supercharges Push to Make New Green Fuel

Europe’s push to wean itself off Russian natural gas is sparking billions of dollars in new commitments toward building a market for low-carbon hydrogen.

An employee adjusts a valve on the cold box for liquid hydrogen (LH2) production. Photo: Bloomberg.

Truck Blockade at U.S.-Mexico Border Imperils $440 Billion Trade

A Mexican truck blockade at a key Texas bridge is diverting U.S.-bound cargoes to far-flung crossings, worsening shipping snarls and raising the specter of delivery disruptions for everything from avocados to auto parts.

A U.S. Customs and Border Protection (CBP) officer stands next to a line of trucks entering from Mexico at the Otay Mesa Cargo Port of Entry in San Diego, California. Photo: Bloomberg.

Soaring Prices Are Changing the Way People Eat

With the world economy already shackled by Covid-related shortages and now reeling from Russia’s invasion of Ukraine, prices of such basics as bread, meat and cooking oils have jumped across the world, sending shock waves through the commodity markets and damaging the global food system.

A farmer fertilizes his crop in Guna, Madhya Pradesh, India. Photo: Bloomberg.

Congress Makes Russia a Pariah on Trade, Adds Pressure on Putin

The U.S. Congress voted overwhelmingly Thursday to strip Russia’s normal trade status with the U.S. and ban imports of its gas, oil and coal, adding to the economic squeeze by the U.S. and its allies to punish Russian President Vladimir Putin’s government over the invasion of Ukraine.

The U.S. Capitol in Washington, D.C. Photo: Getty.

Footwear Nearshoring Is 'Unrealistic,' Trade Group Chief Says

Despite supply chain pressures in Asia, it’s unlikely that American footwear brands will follow the example of New Balance and pursue U.S. manufacturing, says Matt Priest, CEO and president of Footwear Distributors and Retailers of America (FDRA).

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