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Regulation & Compliance: Page 179

Bankrupt Rite Aid Settles with Drug Supplier McKesson to Avoid Shortages

Lawyers for the two companies said that they’ve agreed in principle to a settlement that will end a lawsuit Rite Aid filed against McKesson over their supply agreement.

Photo: Bloomberg

U.S. Cutting Off China from More NVIDIA Chips, Expanding Technology Curbs

The regulations restrict more advanced chips and chipmaking tools from being exported to other countries besides China, like Russia and Iran.

Photo: iStock.com/Antonio Bordunovi

EU’s Carbon Price on Shipping Threatens Economic Growth, Southern Nations Say

Under a deal struck in 2022, shipping will be phased into the EU’s carbon market from January 1, starting with 40% of emissions for 2024 being covered.

Photo: Bloomberg

U.K., Europe, Doing Little to Address Forced Labor in China’s Seafood Industry

While the U.S. government has taken some steps to block such imports, neither the British government nor the European Union has followed Washington’s lead.

Photo: iStock.com/LUNAMARINA

Rite Aid Files for Bankruptcy

Rite Aid is one of many drugstore chains dealing with lawsuits stemming from the deadly abuse of opioids in the United States.

Photo: iStock.com/ablokhin

U.S. Struggles to Fund Great Lakes Waterway Maintenance

Washington has earmarked $1.6 billion for the Lake Superior project, but the estimate for what’s needed is twice as much.

Sault Ste Marie, MI, Soo Locks Bridge to Canada. Photo: iStock.com/Edward Parker

Top Indian Solar Manufacturer Asks for Protection from China, Vietnam Imports

The temporary relaxation of a safeguard mechanism has ushered in a flood of cheap imports, forcing local manufacturers to idle some capacity, said Waaree Energies Ltd. chairman Hitesh Doshi.

Photo: Yen Duong/Bloomberg

U.S. Allowing Samsung, SK Hynix to Receive American Chipmaking Tools in China

The authorization allows the companies to continue using their China-based chipmaking operations without having to apply for licenses with the U.S. to receive new equipment.

Photo: iStock.com/crstrbrt

New CII Clause Adopted by BIMCO for Voyage Charter Parties

The clause, which aims to create more collaboration between charterers and shipowners to cut carbon emissions, was adopted by BIMCO’s Documentary Committee October 11.

Photo: iStock.com/Naeblys

Microsoft Inks First Renewable Energy Purchase Deal in Japan

Shizen Energy Inc. signed a 20-year agreement with Microsoft to provide 25 megawatts of solar power capacity from a project in the Aichi prefecture.

London, U.K. Photo: Betty Laura Zapata/Bloomberg

Carmaker Xpeng Suspends VP of Supply Chains Over Corruption Probe

Xpeng shares were up by roughly 2% on October 11 in pre-market trading after the stock fell by more than 10% on October 10.

Shanghai, China. Photo: iStock.com/Robert Way

Stockholm Planning 2025 Ban of Gasoline, Diesel Cars

The Green Party, which is a part of the Stockholm City Council’s ruling coalition, said the initiative will lead to an increase in the adoption of electric vehicles.

Stockholm. Photo: iStock.com/Oksana Verkhola

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