Global Shipping Stocks Sink After Dockworkers Pause Strike
Shipping stocks slumped worldwide after a strike by U.S. dockworkers was suspended after only three days, spurring predictions of a decline in the price of transporting goods by sea.
October 4, 2024Businesses Weigh Fallout From Dockworkers Strike
As day one of the dockworkers strike unfolded, economists were trying to quantify the damage from the supply chain disruption caused by the closure of 36 ports.
October 2, 2024Oil Flows Slump for Fourth Straight Month
The seaborne flow of oil fell for a fourth straight month in September on the back of hefty declines from Libya, where a political row spilled over into supply disruptions.
October 2, 2024Helene Leaves Flooded Farms, Fouled Rivers, Dozens Dead
As historic floodwaters unleashed by Hurricane Helene recede across the Southeast, the region faces a humanitarian, economic and ecological crisis of staggering scope.
October 2, 2024Chip Firms Monitor Quartz Supplies After Hurricane Hits Mines
Global semiconductor makers are monitoring supplies of high-purity quartz, a material critical to the industry, after Hurricane Helene halted production at two North Carolina mines.
October 2, 2024Chinese EV Maker Nio Slams ‘Unreasonable’ US, EU Tariffs
Nio founder William Li hit out at the European Union and the U.S., saying their moves to level tariffs on electric cars are unreasonable and urged them to cooperate with China.
September 25, 2024US Warns Allies Russia Seeking to Disrupt Cargo Shipping
The U.S. has warned its allies that Russia is targeting cargo shipping companies as it seeks to disrupt Ukraine’s partners, according to people familiar with the matter.
September 20, 2024GM in Talks to Buy Chinese Batteries Made in US by TDK
General Motors is in discussions to buy EV batteries that would use technology from China’s CATL and be assembled at a new plant slated to be built in the U.S., Bloomberg reports.
September 12, 2024World’s Top Oil Traders See Boom Years Fade
The world’s top commodity merchants are grappling with a tougher environment for trading oil as seismic market events of the past few years start to lose their impact.
September 10, 2024Intel Is Exploring Sale of Part of Stake in Mobileye
Intel is considering options for its stake in its struggling automated driving systems provider Mobileye as part of a major strategy overhaul, people with knowledge of the matter said.
September 6, 2024