The price of natural gas in the U.K. increased 6.9% yesterday to a new record amid concerns over tight supply heading into the winter season.
China will sell roughly 7.38 million barrels of crude oil from its strategic reserves on Sept. 24, the first in what is expected to be a string of emergency sales to lower fuel prices in the nation.
The New York Stock Exchange is creating a new tradeable asset class for enterprises involved in carbon sequestration.
Our most recent list of force majeure and allocation announcements from suppliers is here.
Roughly 118,000 Texas homes and businesses are still without power following the landfall of Tropical Storm Nicholas, with more outages expected as heavy rains continue to drench the Houston region. Flash flood warnings have been issued for the next several days, while Port Houston closed its container terminals. Up to 20 inches of rain is possible along the central Gulf Coast over the coming days, including battered Louisiana, still rebuilding from the devastation of Hurricane Ida.
Container terminals at China’s Shanghai and Ningbo ports reopened Tuesday following temporary shutdowns caused by Typhoon Chanthu.
After logging one of its highest-productivity months ever in August, the Virginia Port Authority expects that current volume strength will continue throughout the year, with TEU volumes already up 24% in September from a year ago.
With truck drivers in short supply, the American Trucking Associations warned that the White House’s vaccine or weekly testing mandate for employers with over 100 employees could divide the industry into two camps.
High freight and logistics prices are driving high valuations for 3PLs, with some acquisitions fetching double-digit multiples of earnings.
Toyota will produce 330,000 fewer vehicles than planned in October due to the global semiconductor shortage, its second production cut in as many months.
Global food prices were up 33% in August from a year earlier with vegetable oil, grains and meat leading the rise.
The U.S. reported 143,895 new COVID-19 infections and 1,823 virus fatalities Tuesday.
A staggering 1 in 500 Americans has died from COVID-19.
The U.S. Army will require active-duty soldiers to be vaccinated against COVID-19 by Dec. 15.
The U.S. will require most federal employees to be fully vaccinated against COVID-19 by Nov. 22 as the White House drafts legislation requiring large employers to have their workers vaccinated or undergo weekly testing.
New York’s COVID-19 vaccine mandate for healthcare workers was temporarily blocked by a U.S. federal judge Tuesday due to the lack of protective exemptions. Roughly 18% of New York City students were absent the first week of classes due to fears of spreading COVID-19.
U.S. median household income dropped 2.9% in 2020 to $67,500, while the nation’s poverty rate rose from 10.5% to 11.4%, its first increase in five years. Lower-wage earners who’ve seen wage gains on paper have made far less in reality due to rising inflation.
New data shows just how disruptive this summer’s rebound in air travel was, with Southwest reporting one-third of all flights arriving late and Spirit Airlines canceling nearly 6% of takeoffs.
Apple unveiled a spate of new devices and technology yesterday, including an upgraded iPhone, Apple Watch and iPad.
The World Health Organization reported 4 million new COVID-19 cases globally last week, down 10% from recent weeks, the first drop in over two months.
New data from the U.K. shows that just 1% of COVID-19 deaths in the first half of 2021 were among fully vaccinated people, as the country announced plans to begin offering COVID-19 booster shots ahead of an expected winter virus surge. Officials estimate vaccines have so far saved 112,000 lives and prevented 24 million cases of the disease.
Italy will begin offering COVID-19 booster shots to its 3 million citizens next week, while the country mulls making vaccinations compulsory.
The Netherlands will end social distancing guidelines for the first time since the start of the pandemic while also expanding the use of COVID-19 vaccine certificates for cinemas, theaters and catering businesses.
Mexico’s deputy health minister said COVID-19 infection rates are declining in all 32 states but urged citizens to get vaccinated with 41% of general hospital beds in the country occupied by virus patients, 95% of whom are unvaccinated.
Over 50% of Japan’s population has been fully vaccinated against COVID-19, with numbers expected to climb above 60% by the end of the month, surpassing that of the U.S.
New COVID-19 infections in New Zealand dropped to 15 Tuesday, down from 33 Monday.
Just 16% of the Philippines’ population is vaccinated against COVID-19, one of the lowest rates in Asia.
Israel reported more than 10,000 new COVID-19 cases Monday, a disappointing rise for a country with one of the best vaccination rates in the world.
HIV-positive people have been shown to harbor COVID-19 for longer, a growing issue in South Africa where prolonged infections allow a greater chance for the virus to mutate.
A new study from India suggests COVID-19 antibodies significantly drop four months after a person receives their first shot, lining up with British data suggesting vaccine protection begins waning after six months.
Air passenger traffic in China dropped 51.5% in August compared to a year ago amid a resurgence of several COVID-19 outbreaks.
Ireland-based budget airline Ryanair announced plans to hire 5,000 more people over the next five years as the pandemic eases.
Chinese retail sales rose just 2.5% in August from a year earlier, down sharply from the 8.5% year-over-year growth in July as several recent financial indicators pointed to a slowdown in the world’s second-largest economy.
The U.K.’s jobless rate dropped to 4.6% in the second quarter, while employers added 241,000 new jobs in August, a record, as the total number of employees on company payrolls rose above the country’s pre-pandemic levels.
A new survey of roughly 45,000 employers across 43 countries showed that 69% of employers are having a hard time finding workers to fill empty roles, the highest level in 15 years.
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