One of Indonesia’s largest coal miners plans to use a fortune made on high commodity prices to invest in renewable projects, mostly solar farms.
Amazon aims to purchase 3.5 GW of new green energy, mostly from solar farms, part of a plan to source all its power from renewables by 2025.
Cargo transport into Shanghai, one of the world’s busiest manufacturing hubs and ports, has ground to a near halt, with truckers particularly impacted by strict COVID-19 rules and their arbitrary enforcement.
Arizona declared a state of emergency as the Tunnel wildfire near Flagstaff spread to nearly 20,000 acres, forcing the evacuation of 2,000 people on Tuesday.
Chinese marine fuel exports fell 15% in March as shipping firms canceled calls at the nation’s ports and discouraged international vessels from refueling there.
Rail congestion is forcing more intermodal cargo to transport by truck, according to J.B. Hunt, which experienced a 7% rise in intermodal volume last quarter.
Passenger car registrations in Europe slumped 19% in March, an industry group said, marking the ninth consecutive monthly production decline amid supply disruption from Eastern Europe.
The U.S. Justice Department said it is following a CDC request and appealing a Florida judge’s ruling that threw out the federal government’s mask mandate for airlines and other public transit.
The Fed’s Beige Book of anecdotal economic activity suggested inflation and worker shortages remain top priorities for U.S. firms, while bringing workers back to the office is also a common point of debate.
First-time unemployment claims fell by 2,000 last week to 184,000. The number of Americans collecting unemployment fell to the lowest level in over half a century.
U.S. employers posted 1.1 million tech jobs in the first quarter, up 43% from a year earlier as the pressure to attract talent spurs massive wage increases.
The average growth rate of U.S. auto loans hit 13% in the first quarter, roughly the same as the fourth quarter’s blistering pace and more than double the pace of overall loan growth across U.S. banks.
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