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It did not take long for Vladimir Putin’s invasion of Ukraine to reshape the world’s energy markets, as countries long reliant on Russian gas sought to sever ties as soon as possible.
SEOUL/SINGAPORE (Reuters) -Congestion at Singapore's container port is at its worst since the COVID-19 pandemic, a sign of how prolonged vessel re-routing to avoid Red Sea attacks has disrupted global ocean shipping - with bottlenecks also appearing in other Asian and European ports. Retailers, manufacturers and other industries that rely on massive box ships are again battling surging rates, port backups and shortages of empty containers, even as many consumer-oriented firms look to build inventories heading into the peak year-end shopping season. Global port congestion has reached an 18-month high, with 60% of ships waiting at anchor located in Asia, maritime data firm Linerlytica said this month.
The miner has mined 93 million worth of KAS tokens since Sept. 2023.
Sending goods around the world by ship is at least five times as expensive as it was last year, putting new cost pressures on companies and raising the specter of prolonged inflation. Container ship rates from Asia to Europe have jumped to about $8,000 per 40-foot shipping container, up from an average of $1,500 last year, according to Jefferies analyst Omar Nokta. Geopolitical tension is the biggest reason—the Houthi faction in Yemen continues to attack ships in the Red Sea in protest of Israel’s war in Gaza, despite efforts by the U.S. and others to stop the attacks.
Four decades ago, a rare earth processing plant on France's Atlantic coast was one of the largest in the world, churning out materials used to make colour televisions, arc lights and camera lenses. Its current owner Solvay is racing to return the plant at La Rochelle to its former glory after years of diminished output as Europe seeks to boost production of the minerals fuelling the green energy transition. The factory's 76-year history is a microcosm of the challenges Europe and the United States face as they seek to reverse massive migration of rare earth processing to China that took place around 25 years ago.
AMSTERDAM/HAMBURG (Reuters) -Nexperia, one of the world's largest makers of basic semiconductors such as diodes and transistors, said on Thursday it would invest $200 million to expand capacity at its main production site in Hamburg, Germany. The investment by Dutch-headquartered Nexperia, owned by Chinese electronics maker WingTech, is a rare example of a computer chip investment made in Europe without assistance from state subsidies under the EU's Chips Act launched in 2023. It also comes as the European Union is considering whether China is unfairly subsidising domestic Chinese production of simple "legacy" chips, found in cars, electric systems, smartphones and industrial applications.
Volkswagen has announced plans to invest up to $5bn (£3.9bn) in US electric carmaker Rivian, as manufacturers rethink their strategies amid uncertain demand.
China this month approved 104 new video games from mainland developers, including titles from internet giants Tencent Holdings and Alibaba Group Holding. The latest titles given the go-ahead by the National Press and Publication Administration (NPPA) included Tencent's online role-playing game Roco Kingdom: World, and Ruyuan from Alibaba studio Lingxi Games, according to a post on the regulator's website on Tuesday. Alibaba owns the South China Morning Post. This month marked a rebound for China
McDonald's (MCD) is joining the ranks of fast food chains adapting to economic pressures by introducing a new value meal option. Starting June 25, the global fast food giant will add a $5 value meal to its menu, a move aimed at addressing growing cost consciousness among consumers. This strategic decision comes amid a broader trend in the fast food industry, with numerous chains rolling out similar value-focused offerings. Yahoo Finance's Brooke DiPalma breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
STORY: Boeing looks set to resume delivering jets in China, after being hit by a regulatory probe. Thats according to Reuters sources, who say widebody 777 and 787 planes will start getting to customers within days. Deliveries of 737 MAX jets are expected to resume a little later. Reuters first reported in May that Boeing had halted handing over new planes in the country. That was while Chinese watchdogs reviewed concerns over batteries used in cockpit voice recorders. The delays, combined with factory disruption, led Boeing to warn that second quarter cash burn could be worse than expected.A filing at the end of last year showed Boeing had 85 MAX jets waiting for delivery to Chinese customers. Around a quarter of those were subsequently delivered by the end of April. Jet makers are largely paid on delivery of their planes, meaning cash flow takes a big hit if new aircraft are stuck at the factory. Separately Thursday, U.S. watchdogs sanctioned Boeing for leaking details of an investigation into the midair blowout on a MAX jet in January. Regulators said the firm had “blatantly violated” the rules, by giving confidential material to the media. The National Transportation Safety Board said Boeing would no longer be granted access to information on the investigation.
Investing.com-- Oil prices settled slightly higher Wednesday, though gains were capped by unexpected build in U.S. inventories and a stronger dollar.
Wind and solar power increases combined with a sharp drop in fossil fuels pushed renewables into the lead.
Tesla (TSLA) may have some competition in the robotaxi space as Croatian automaker Rimac Automobili is set to launch its new robotaxi service, Verne, in 2026. Yahoo Finance Pras Subramanian joins Catalysts to discuss Rimac's announcement and what it means for the auto sector moving forward. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
The US House Ways and Means Committee has proposed a strategy for Medicare to cover GLP-1 weight-loss drugs like Novo Nordisk's (NVO) Wegovy and Eli Lily's (LLY) Zepbound. Yahoo Finance Health Reporter Anjalee Khemlani breaks down the details of the proposed bill ahead of Thursday's vote to amend part of the Treat and Reduce Obesity Act of 2023. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl 'Follow Yahoo Finance's latest coverage on Eli Lilly and Novo Nordisk, weight-loss drugs, and the pharmaceutical industry as a whole: How Lilly is joining Novo in the crusade to circumvent Medicare's block on weight loss drugs Eli Lilly seeks to expand Zepbound use to treat sleep apnea Novo Nordisk, Eli Lilly still top 2 pharma stocks: Analyst Eli Lilly and Novo Nordisk are a 'duopoly' in GLP-1 market Why the GLP-1 impact on other industries 'will take years' Eli Lilly unveils new manufacturing plant for GLP-1 pens Novo Nordisk to invest $4.1B in NC facility for GLP-1 drugs Eli Lilly's new Alzheimer's treatment could 'lift' drug market Novo Nordisk stock rises on Wegovy approval in China
Investing.com -- Oil prices edged higher Thursday as concerns over Middle East tensions weighing on global supplies overshadowed a surprise build in U.S. inventories.
Buffett, Slim and Tepper are making major bets on energy companies such as Occidental, PBF and Energy Transfer LP
Amidst a backdrop of fluctuating market conditions, Japan's stock markets have recently faced challenges, with the Nikkei 225 and TOPIX indices experiencing declines. This uncertain environment underscores the importance of considering stable investment options such as dividend stocks, which can offer potential for regular income and long-term value growth. In this context, companies like Mitsubishi Chemical Group stand out as noteworthy considerations for those looking to navigate Japan's...
Presidential policies can have a ripple effect throughout the economy and broader markets. With the 2024 presidential election coming up — and the first debate happening on Thursday, June 27 — uncertainty around several sectors arises as candidates President Joe Biden and Former President Donald Trump have very different views on how to run the country. One of those markets that could shift drastically on policy alone is commodities, with crude oil (BZ=F, CL=F) and gas prices (RB=F) already facing pressure from geopolitical volatility. Blue Line Futures Chief Market Strategist Phil Streible joins Market Domination to provide insights into what investors should keep in mind with the commodity market during an election year and how each candidate may impact the market: "Energies are one of the top focuses that we're going to be watching. Under Trump, we were energy independent. We did also have a hard stance on Iran. It makes a play for lower energy prices if Trump was to come into office where we are much more dependent on OPEC, South American oil, it's very difficult for oil and gas exploration companies to get those permits to expand wells." Streible continues: "With the green energy Initiative front and center under the Biden administration, it's just really tough with the regulations in order to boost that output. So you're going to see more elevated energy prices with Biden around." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
The former president used one word five times when describing the pop icon.
‘Thereafter, she said, Beckham was ‘a total animal’ in bed,’ the biography claims
