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Industries: Page 203

Red Sea Crisis Disrupts Ikea, Abercrombie & Fitch Shipments
Ikea said it’s looking for other options to secure the availability of its products, many of which normally pass through the Red Sea and the Suez Canal.
Photo: iStock.com/Berezko
Ocean Shipping Gears up to Meet Low Carbon Fuel Target
The International Maritime Organization’s goal is that near-zero greenhouse gas emission fuels shall represent at least 5% of the energy used by shipping in 2030, while striving to hit 10%.
Photo: iStock / audioundwerbung
Orsted to Go Ahead with Building Giant U.K. Offshore Wind Farm
The final investment decision on the 2.9-gigawatt project shows that the offshore wind industry is picking back up after a crisis year.
Photo: iStock.com/vice_and_virtue
U.S. Chipmaker to Sell Chinese Factories to Local Company
North Carolina-based Qorvo said that it had signed an agreement to sell its circuit assembly operations in Beijing and Dezhou to the iPhone assembler Luxshare Precision Industry.
San Jose, California. Photo: iStock.com/Sundry Photography
Almost Half of New Passenger Cars in the EU are Electric
New car registrations in the EU increased by 6.7% during November, marking the 16th straight month of growth and a 13.3% year-on-year boost in terms of EVs registered.
Photo: iStock.com/SouthWorks
EasyJet Shareholders Approve $20B Plane Order
The British low-cost airline held a general meeting with shareholders December 19 in Luton, London to get approval for its largest aircraft order yet.
Luton, U.K. Photo: Bloomberg
World Courier Opening Three New U.S. Transportation Stations
World Courier said the stations will allow the company to expand its capacity to store, handle and transport pharmaceutical products, including those that require cryogenic storage.
Photo: iStock/sorn340
U.S. Semiconductor Manufacturing Bill Makes It Through Senate
The bill would allow the U.S. Department of Commerce’s SelectUSA program to develop new strategies to attract foreign investment to the U.S. semiconductor manufacturing sector.
Photo: iStock / William_Potter
Navigating the Holiday Season: Managing High Retail Return Rates
By adapting their strategies, leveraging technology, and embracing innovative concepts like "keep it" returns and buy-online-return-in-store (BORIS) incentives, retailers can better manage the influx of returned items.
Photo: iStock.com/Poike
U.S. Steel Agrees to Be Bought by Japanese Rival After Long Takeover Saga
The acquisition is a further consolidation of the industry in the United States, which is now dominated by three major companies: Cleveland-Cliffs, Nucor and Steel Dynamics.
Photo: iStock.com/JerryB7
BP Suspends Oil and Gas Shipment through Red Sea
BP is the first oil company to directly halt its own shipping, after five major ocean carriers halted service through The Bab al-Mandab strait.
Gas prices are likely to rise because of disruption to shipping in the Arabian Gulf. Photo: iStock.com/jetcityimage
Shanshan Considers €1.3B Battery Materials Factory in Finland
Shanghai Shanshan Lithium Battery Material Technology Co. Ltd has reserved a plot to construct a plant in the GigaVaasa industrial zone on the western coast of Finland.
Photo: Bloomberg
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