The U.S. plan for boosters will steer tens of millions of doses into the arms of many U.S. adults starting as soon as Friday. That’s angered nations where many people are still struggling to obtain a first shot.
The number of container ships waiting to enter the biggest U.S. gateway for trade with Asia reached an all-time high of 65 vessels late last week, carrying potential payloads of cargo boxes that would stretch halfway across the country if lined up end to end.
Shipowners and financiers should avoid sinking money into new container vessels despite a global crunch because record orders have driven up prices, according to industry insiders.
The U.K. delayed new post-Brexit border checks on food from the European Union to mitigate a supply chain crisis in a move that was immediately criticized as handing the bloc’s producers a competitive advantage.
After months of twists and turns, Canadian Pacific Railway Ltd. sealed a $27 billion deal to acquire Kansas City Southern, claiming a prize that will create the first railroad spanning the U.S., Canada and Mexico.
Even as they struggle with one of the world’s worst COVID-19 outbreaks, nations across Southeast Asia are slowly realizing that they can no longer afford the economy-crippling restrictions needed to squash it.
The damage to offshore platforms and pipelines was so severe that two out of every three barrels of crude normally pumped from the U.S. sector of the Gulf of Mexico are unavailable.
The global shipping industry is getting its biggest payday since 2008 as the combination of booming demand for goods and a global supply chain that’s collapsing under the weight of COVID-19 drives freight prices ever higher.
Shanghai has halted some container port operations and will cancel most flights Monday and Tuesday as Typhoon Chanthu approaches the city, which is China’s financial capital and a major shipping hub.
