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Oracle Cuts 21,000 Jobs, More to Come From AI
The announcement reflects a wider trend among tech firms, which are spending hundreds of billions of dollars on building AI infrastructure such as data centers.
The outside of Oracle Corporation's corporate headquarters located in Silicon Valley. Photo: iStock.com/Sundry Photography
Heat Wave Lowers Rhine Levels, Straining Fuel Supply Chains
Earlier on June 22, barges carrying diesel through Kaub in Germany were limited to about 1,070 tons of cargo, according to Spotbarge data.
Photo: Bloomberg
U.K. Set to Finalize Long-Awaited Deforestation Rules
The rules will require businesses to conduct regular checks of their supply chains to ensure that they're not sourcing products grown on illegally deforested lands.
Palm oil cultivation. Photo: iStock/richcarey
World Cup Protest Targets Hyundai's Steel Supply Chain
Protesters gathered during Mexico's Group A match against South Korea to call on Hyundai to hold its supplier Ternium responsible for alleged human rights violations.
Photo: iStock / eyewave
U.S. Temporarily Authorizes Sale of Iranian Oil
With the U.S. temporarily lifting its sanctions on Iranian oil, the Middle Eastern nation will now temporarily be allowed to sell oil using U.S. dollars
Photo: iStock / onurdongel
China Targets U.S. Rare Earths Firms in Response to Pentagon List
The move was in response to the Pentagon’s decision this month to add some of China’s biggest companies to a roster of firms it accuses of supporting the Chinese military.
Image: iStock/wildpixel
ICE Reverses Plan to Detain Migrants in Mega-Warehouses
Internal documents obtained by The New York Times show ICE plans to dispose of at least seven of the 11 warehouses it purchased for more than $700 million.
DHS vehicles outside an industrial warehouse purchased by ICE for use as a detention center in Social Circle, Georgia on Feb. 10. Photographer: Elijah Nouvelage/Getty Images
Iran Says Hormuz Closed Again as Talks With U.S. Set to Open
Iran’s declaration on June 20 will likely make more risk-averse shipowners with vessels that have been trapped inside Hormuz for months more wary of exiting.
Vessels remain anchored off Port Sultan Qaboos, on June 20. Photo: Bloomberg
Iran Announces Plan to Charge Fees in Strait of Hormuz
Iran's chief negotiator Mohammad Bagher Ghalibaf said that the strait still needs to be managed, despite progress made on negotiations with the U.S.
Photo: iStock / 35007
Canada Looks to Food Supply Chain to Curb Grocery Costs
The bureau will conduct a "broad examination" of Canada's food supply chain, including harvesting, production, processing, logistics and transportation.
Photo: iStock/FG Trade
Strait of Hormuz Starts to Reopen
Lloyd's List maritime data found that ships that have been trapped in the strait since February have already started exiting the waterway.
An aerial 3D illustration render of cargo ships stuck in the Strait of Hormuz. Image: iStock/quantic69
Gartner: Top 25 Supply Chain Organizations Are Embracing AI
French energy technology multinational Schneider Electric retains top position for fourth consecutive year; Walmart climbs to third.
Image: iStock/Just_Super
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