Russia’s invasion of Ukraine threatens to restrict global energy supplies, with the resulting rise in oil and natural-gas prices likely to hit Europe hard and potentially ripple out to the U.S. and other global markets. It’s the last thing the global economy needs: Another “supply shock,” or a sudden shortage […]
Supply
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 social restrictions weighed on consumer spending and the region’s large manufacturing sector. Data from three of Europe’s biggest economies published […]
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 of rail thefts that have taken place in recent months — worsening supply chain bottlenecks and creating endless delays for […]
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 one of them. Even after mass vaccinations, customer traffic is “still very shaky,” Tejeda, the owner and founder of Chile […]
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 global economy cloud outlook TOKYO, Nov 15 (Reuters) – Japan’s economy contracted much faster than expected in the third quarter […]
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 the increasingly hits home for consumers already stung by higher prices on virtually everything. Bare store shelves were common at […]
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 network around the world with new partnerships solidified in North America, Middle East & Africa, Europe, Asia Pacific, and Latin […]
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 calendar shifts to Thanksgiving and Christmas, two of the busiest shopping dates on the calendar. And for small businesses […]
‘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 1 quadrillion coins. Burry has warned against buying crypto, labeling bitcoin a speculative, debt-fueled bubble. Michael Burry, the […]
‘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 enough to make deflation fears a thing of the past. But a supply crunch that initially put a question mark […]