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Global Trade & Economics: Page 226

U.K. Peer Urges Biden to Ban Bain & Co. from U.S. Government Contracts

In August Bain was barred from tendering for U.K. government contracts for three years over its “grave professional misconduct” in state corruption in South Africa.

Union Buildings in Pretoria, the official seat of the South African government and also the offices of the President of South Africa Photo: iStock.com/demerzel21

India’s Top Conglomerate in Talks to Join Club of iPhone Makers

Tata Group is in talks with a Taiwanese supplier to Apple Inc. to establish an electronics manufacturing joint venture in India, seeking to assemble iPhones in the South Asian country.

Photo: iStock.com/gorodenkoff

Study: Heat stress to Threaten Over 70% of Global Agriculture by 2045

Almost three quarters of the world’s current food production will face extreme risks from heat stress by 2045, according to a report by risk intelligence company Verisk Maplecroft.

Global Warming Heat Stress Risk Bubble Verisk Maplecroft

EU’s Ban on Russian Fuel to Spark a Jump in Global Tanker Demand

The European Union’s ban on Russian fuel imports is likely to actually increase the world’s need for oil tankers, according to vessel owner Torm A/S.

Photo: Bloomberg.

U.S. Bars 'Advanced Tech' Firms From Building China Factories for 10 Years

U.S. tech companies that receive federal funding will be barred from building "advanced technology" facilities in China for 10 years, the Biden administration has said.

Photo: iStock.com/wildpixel

German Port Congestion, Supply Bottlenecks Weigh on Global Trade

Supply-chain snarls are persisting, with more than 2% of all global shipping capacity at a standstill outside Germany’s North Sea ports.

Port Of Hamburg Sunset I Stock 1335489644

U.S. is Losing Soybean-Export Edge as Brazil Closes Logistics Gap

U.S. farmers facing supply-chain bottlenecks and a surging dollar are losing their competitive edge in the global market for soybeans to their biggest rival: Brazil.

Soy Plants I Stock 1311291415

Revving Exports to U.S. Keeps India in Race to Be Next China

India, believed by many to have the potential to become the next China, is finally making headway in the exports market as it broke into the top five suppliers of Christmas decorative items and t-shirts to the U.S.

India Us Flags I Stock 1093163274

Podcast | Sounding the Alarm for an Economic Meltdown

Will mounting debt be the factor that finally plunges the economy into recession?

Debt Us United States Ball And Chain I Stock 1385110126

EU Seeks Power to Force Order Fulfillment During Supply Chain Emergencies

The European Commission wants the power to force companies to fill orders within the European Union first during times of crisis, or risk fines.

Eu Flag Bloomberg

U.S. Chip Makers Hit by New China Export Rule

Nvidia says the U.S. government requires a new license, effective immediately, to address the risk of chips being "used in, or diverted to a 'military end use'... in China and Russia."

A China and U.S. flag wave side by side in the wind. Photo: Getty.

Bed Bath & Beyond Survival Plan Sends Shares into Tailspin

Bed Bath & Beyond Inc. unveiled a turnaround plan that envisions new financing, sweeping store closings and the sale of as many as 12 million shares of stock, delivering another jolt to the investors who had piled into the retailer even as its troubles mounted.

Bed Bath Beyond Bloomberg

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How a Leading U.S. Floral Distribution Company Reduced Warehouse Labor Costs by 45% with RFID

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