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Global Trade & Economics: Page 212

Tesla Shares Continue Slide with Shrinking Demand and Logistics Snags
Once worth more than $1 trillion, Tesla lost more than 65% in market value in a tumultuous 2022.
Tesla Model S. Photo: Tesla
California Braces for Its Next Deluge as Pacific Storms Line Up
A powerful stream of densely moist air flowing off the Pacific Ocean is forecast to bring 3 to 6 inches of rain to a wide area from Eureka to San Francisco January 4 into January 5.
Photo: Bloomberg
Germany Imports First LNG From the U.S. at New Uniper Terminal
Berlin fast-tracked its first LNG import terminals by renting five floating storage and re-gasification units.
The Hoegh Esperanza FSRU approaches Wilhelmshaven, Germany, on December 15. Photo: Bloomberg
Shift to EVs Triggers Huge U.S. Factory Building Boom
In 2022 alone, companies announced more than $73 billion in planned projects — more than three times the previous record, set in 2021.
Photo: iStock.com/Fahroni
Yemen Plans $130 Million Port, Road in Mahra to Move Minerals
The country has been devastated by a seven-year conflict that spurred a humanitarian catastrophe. The project will provide an opportunity for improvement, the official said.
Photo: Bloomberg
TSMC Starts Next-Gen Mass Production as World Fights Over Chips
Recent military exercises held by Beijing around Taiwan have reignited concerns about the world’s dependence on the island for semiconductors.
A ceremony at Taiwan's TSMC’s Tainan campus on December 29. Photo: Bloomberg
India Brings Back COVID Tests for Flyers From Some Asian Nations
An RT-PCR test has been made mandatory for flyers coming from China, Hong Kong, Japan, South Korea, Singapore and Thailand from January 1, 2023.
Photo: Bloomberg
Insurers End War-Risk Cover for Shipping Across Russia, Ukraine and Belarus
At least 12 of the 13 Protection and Indemnity (P&I) clubs — which cover 90% of the world’s ocean-going ships, including those from the U.K. and the U.S. — said they would no longer be able to provide coverage.
Photo: iStock.com/berean
Japan Factory Output Falls a Third Month as Global Demand Cools
With demand weakening at home and abroad, Japan’s recovery from an economic contraction over the summer may prove less robust than hoped.
Photo: Bloomberg
China COVID Surge Leads Nations to Adopt Entry Restrictions
The new U.S. travel precautions have been prompted in part by concerns over the lack of genomic sequencing data that could help identify the emergence of a new variant.
Photo: iStock.com/Dmytro Kvasnetskyy
China Stops Releasing Daily COVID Data as Accuracy Questioned
As many as 248 million people, or nearly 18% of the population, likely contracted the virus in the first 20 days of December.
Photo: Bloomberg
Toyota Hits Record November Output, But Shortages Loom
The world’s No. 1 automaker produced 833,104 vehicles last month, an increase of 1.5% from a year earlier.
Photo: Bloomberg
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