M. Holland will be charging a fee to recover the reinstated Superfund Excise Tax for applicable U.S. orders starting July 1, 2022. Clients will be notified of details next week. Learn more about the tax in this Plastics News article.
M. Holland is sponsoring AMI’s Polymers in Cables on June 28-29 in Philadelphia, Pennsylvania. This conference covers the latest technical developments, manufacturing solutions and trends in the wire and cable industry. M. Holland is also hosting the event’s networking reception on June 28 at 5:30 pm ET!
If you’re attending AMI’s Polymers in Cables in Philadelphia, mark your schedule for M. Holland’s technical session:
The average U.S. gasoline price fell slightly for a second day on Monday to $4.98 a gallon but will likely rise heading into the Fourth of July weekend. The White House continues to weigh pausing the 18.4-cent federal gas tax to bring down prices, which could take effect before the holiday.
Ukrainian refugees could boost the euro area’s active labor force by up to 1.3 million people, slightly easing labor market tightness, the European Central Bank predicts.
The ruble surged to a seven-year high yesterday as the divide grows between its valuation and the nation’s export competitiveness and financial health.
Some companies, such as Phillip Morris, are finding it difficult to exit Russia due to shifting regulations, fears of arrest and the risk of expropriation. So far, global companies have incurred an estimated $59 billion in losses from their Russian operations.
Over 80% of Britons expect the nation to fall into recession within a year ahead of May inflation data set to be released this week.
Unemployment in China hit a nine-year high in May after strict COVID-19 lockdowns halted large swaths of the nation’s economy.
While homegrown inflation in Asia is behind the world average in some places, global market pressures induced several countries to hike benchmark rates in recent months: