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Global Trade & Economics: Page 234

Energy Firms Snap Up Russian Gas as Europe Seeks Alternatives

European leaders talking up plans to wean the continent off Russian natural gas are facing a harsh reality: energy companies are buying more as the war rages in Ukraine.

Pipework inside a gas storage facility in Kasimov, Russia. Photo: Bloomberg.

Omicron Ripping Through Cargo Ships May Exacerbate Shipping Woes

Omicron is ripping through cargo ships, raising concerns that a surge in cases, coupled with China’s tightened quarantine requirements for vessels, could delay supply chain stabilization for the shipping industry.

Crew transfer at Tanjong Pagar Terminal in Singapore. Photo: Bloomberg.

Podcast | The Real-World Impact of the Infrastructure Bill

The $1.2 billion Infrastructure Investment and Jobs Act passed by Congress and signed into law by President Biden late last year has been heralded by some as the solution to the problem of how to repair and expand the nation’s crumbling and antiquated system of roads, rails, ports, airports and waterways. One can only hope.

Vehicles pass over a bridge at dusk. Photo: Henrik Jonsson/ Canva.

Wild Commodity Swings Signal Risk of Shortages in Ukraine Attack

Wild price swings underscore just how sensitive commodity markets are to any possible disruptions to supplies.

Wheat kernels in a field. Photo: Pexels.

Shipping Rates Resume Rise as Snarls Extend Into Seasonal Lull

Container shipping rates are creeping higher after staying mostly stable this year, a signal that supply strains remain a drag on a global economy now bracing for an energy shock and geopolitical turmoil tied to Russia’s invasion of Ukraine.

A container ship is berthed at the Port of Oakland in Oakland, California. Photo: Port of Oakland.

What’s at Stake for Global Economy as Russia Standoff Escalates

A world economy that’s still recovering from COVID-19 faces new risks as the standoff between the West and Russia escalates.

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.

White House Will Invest $450 Million to Ease Port Congestion

The U.S. Transportation Department is awarding some $450 million in grants for port-related projects to bolster capacity and improve the movement of goods, senior Biden administration officials say.

Container ships berthed at the Port of Los Angeles in Los Angeles, California. Photo: Bloomberg.

Watch: A Rough Year Ahead for Transportation and Logistics

Juan Cazorla, head of the Transportation and Logistics Specialized Industry Group of Regions Bank, offers both a short-term and long-term outlook for the transportation and logistics industry.

A Rough Year Ahead for Transportation and Logistics

Guacamole’s Days Are Numbered as USDA Maintains Ban

Avocados will soon run out at smaller restaurants that don’t have the buying power of Chipotle Mexican Grill Inc.

Chips and guacamole. Photo: Getty.

U.S.-Mexico Spat Threatens Avocado Shortage

The great avocado affair of 2022 began with a little-noticed weekend press release from Mexico’s Agriculture and Rural Development Ministry. The U.S. was shutting down imports of avocados from Mexico’s top producing region because one of its inspectors received a threatening phone call.

A close up view of avocados. Photo: Canva.

Canada Bridge Reopens After Five-Day Protest

The Ambassador Bridge that links Canada with the U.S. has reopened, clearing the largest trade artery between the two countries after a five-day protest shut it down.

Commercial trucks and passenger vehicles drive across Ambassador Bridge on the Canada-U.S. border in Windsor, Ontario. The bridge connects Windsor to Detroit and facilitates over 30% of all Canada-U.S. road trade. Photo: Bloomberg.

With Inflation on the Rise, Retailers Turn to AI to Aid in Pricing Strategy

The return of inflation is placing retailers in a terrible quandary.

A shopper picks an item from a store shelf. Photo: Shutterstock.

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