Europe’s Economy Falls Behind U.S., China, as Supply Chains and Omicron Bite

FRANKFURT—The eurozone economy slowed sharply at the end of last year, lagging behind the recovery in the larger U.S. and Chinese economies, as high energy prices, supply-chain bottlenecks and new…

LA freight train looting ‘out of control’ as thieves worsen supply chain bottlenecks

The scene in Southern California resembles a disaster movie — only it’s not.  Thousands of boxes littering Union Pacific (UNP) train tracks in downtown Los Angeles attest to a wave…

Bars, restaurants caught between inflation, supply crisis and labor crunch as rebound ‘runs its course’

Restaurant operators and workers across the U.S. are struggling to rebound from the pandemic, and are battered by a lack of staff, skyrocketing prices and supply shortages. Paula Tejeda is…

Japan’s economy shrinks more than expected as supply shortages hit

Q3 GDP annualised -3.0% vs f’cast -0.8% Declines in exports, capex, consumption hurt economy in Q3 Economic outlook in Q4 likely brighter but growth seen slow Sluggish consumption, risks to…

Grocers grapple with supply chain, labor woes as shelves empty out ahead of holidays

Can’t find what you need at the store again? You’re not alone. Shoppers pushing their carts around the supermarket may notice thin shelves while reaching for their favorite products, as…

Mastercard Advances B2B Payments with New Supply Chain Finance Offering, Empowering More Businesses to Secure Working Capital They Need to Grow

Mastercard Track™ Business Payment Service and new partnership with Demica enables easier access to flexible working capital for buyers and suppliers New offering supports Mastercard’s expansion of its Track BPS…

Small biz lashes out at crippling supply chain woes threatening holiday

Better get your holiday shopping done early. That’s the message companies and retailers are relaying, with bottlenecked West Coast shipping ports causing widespread delays and shortages of critical goods as…

‘The Big Short’ investor Michael Burry dismisses shiba inu coin as ‘pointless’ – noting the dogecoin spinoff’s supply exceeds 1 quadrillion coins | Currency News | Financial and Business News

Michael Burry. Bloomberg TV Michael Burry tweeted about shiba inu, the dogecoin-inspired cryptocurrency. “The Big Short” investor dismissed the meme token, noting its supply exceeds…

‘A perfect storm’: supply chain crisis could blow world economy off course | Supply chain crisis

It was all going so well. Successful vaccination programmes were driving the post-pandemic recovery of the global economy, stock markets were back at record highs, and prices were rising just…

U.S. and European Economies Slowed by Delta Variant, Supply Chain Bottlenecks

The U.S. and European economies slowed in September as supply-chain bottlenecks and worries over the Delta variant weighed on businesses, adding to signs the global economy is experiencing a soft…