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Global Trade & Economics: Page 231

Tesla Halted, Chips Pile Up as Shanghai Lockdown Upends Business

Cases are at a record in Shanghai, now the epicenter of China’s worst outbreak since the start of the pandemic, and the lockdown has been extended indefinitely.

An aerial view of the Tesla Inc. Gigafactory in Shanghai, China. Photo: Bloomberg.

East Coast Container Ship Queue Overshadows West Coast Logjam

Ocean carriers looking to avoid logjams at the U.S.’s busiest container gateways on the West Coast are now facing even longer queues out east.

View from a ship-to-shore crane at Wando Welch Terminal in Charleston County, South Carolina. Photo: South Carolina Ports Authority/ English Purcell.

Europe’s Russia Coal Ban Foreshadows Higher Global Energy Prices

Europe is taking a big gamble as it moves to ban Russian coal, potentially leaving itself vulnerable to shortages and rolling blackouts while the rest of the world contends with surging prices.

Pieces of coal stacked at a mining site. Photo: Shutterstock.

Metals Industry Agonizes Over War But Keeps Buying From Russia

Behind-closed-doors discussions reflect a wide angst over whether to keep buying from Russia, as the industry weighs the stigma from the war against its own commercial interests — and the fact that vital metals like aluminum and copper were in short supply even before the invasion of Ukraine.

A foundry worker pours molten steel into a casting. Photo: Getty.

Ukraine Sunflower Oil Crisis Hits Food From Chips to Cookies

Russia’s invasion of Ukraine has disrupted the supply of almost half of the world’s sunflower oil exports, forcing companies to turn to less desirable alternatives such as palm oil in products ranging from potato chips to cookies.

Chocolate chip cookies cool on a baking sheet. Photo: Lee Torrens/ Canva.

Thousands of Russia-Linked Ship Containers Pile Up in Rotterdam

Sanctions on Russia are snarling thousands of steel shipping containers and disrupting the heart of Europe’s economy.

Russia-related containers at the Port of Rotterdam, on March 30. Photo: Bloomberg.

U.S. Importers Are Paying Anything to Avoid Shipping Woes

U.S. importers, straining under a tapped-out supply chain, are increasingly offering top dollar for long-term shipping contracts that may not even be honored as they try whatever it takes to guarantee the arrival of their products.

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Ukraine War, China Lockdowns Hit Global Supply Chains

Global supply strains that started to ease in early 2022 are worsening again as headwinds strengthen from the war in Ukraine and China’s Covid lockdowns, threatening slower growth and faster inflation across the global economy.

A dockworker monitors a shipping container being loaded onto a freight train at Behala inland port in Berlin, Germany. Photo: Bloomberg.

War Dims Global Business Outlook as Inflation Plight Worsens

Factories from Australia to Europe are seeing already surging costs jump further as Russia’s war in Ukraine and the barrage of sanctions rolled out in response roil commodity markets and trade.

Coils and bundles of steel reinforcing bar. Photo: Shutterstock.

What Does Russia's War Mean for Supply Chain Globalization?

The last global shock drove businesses everywhere to rethink supply chain risk and resilience, but many have yet to take action. This time, it may be different.

A Ukrainian flag stands near Maidan Nezalezhnosti, or Independence Square, in the center of Kyiv, Ukraine. Photo: Getty.

Chip Producers Tell Congress They’re Ready to ‘Go Bigger and Faster’

The chief executives of some of the largest U.S. chip manufacturing companies urged Congress to pass legislation that includes $52 billion in incentives for their industry, calling it “essential” to maintaining competitiveness with China and other countries.

An Intel Corp. chip sits on display. Photo: Bloomberg.

Russian Oil Seeps Into Global Market, Easing Supply Fears for Now

Millions of barrels of Russian oil are still finding a way to buyers almost a month after the country first invaded Ukraine.

Oil drums containing lubricant oil sit on a conveyor belt as they are prepared for shipping at the Royal Dutch Shell Plc lubricants blending plant in Torzhok, Russia. Photo: Bloomberg.

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