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Industries: Page 280
Exxon 2022 Profit Hits Historic High for Western Oil Industry
Oil majors are expected to break their own annual records on high prices and soaring demand, pushing their combined take to near $200 billion.
India Says Its Path to Net Zero Must Pass Through Fossil Fuels
Environmentalists have blamed the fuel — along with other factors like crop burning, construction dust and vehicle emissions — for the country’s toxic air that reaches alarming proportions every winter.
Turkey and Morocco Are Emerging as Demand Sources for Russian Diesel Before EU Ban
The EU will still get more than a quarter of its diesel imports — around 612,000 barrels a day — from Russia even in January.
Brexit Has Had a Negative Impact on the U.K. Economy
The U.K. is the only major rich economy that remains smaller — poorer — than prior to the pandemic and Brexit may be a factor.
U.S. Consumer Spending is Falling
Freight carriers are seeing the impact, as the number of big and bulky shipments declines and retail customers continue to pare inventories and push back restocking.
2022 Holiday Spending Higher than Forecast, Says ACI Worldwide
While inflation accounted for much of the rise in holiday spending, the data shows a steady uptick in transactions, with many consumers buying goods and services via mobile devices.
New Zealand Drink Makers Slash Production as CO2 Shortage Strikes
Shortages of CO2 have caused global chaos in recent years, with New Zealand the latest country to face an abrupt and disruptive shortfall.
Japan, Netherlands Agree to Limit Exports of Chip-Making Equipment to China
The agreement is a result of the Biden administration’s effort to widen export controls on companies with critical technologies.
Global Oil Trade Shakes Up After Fires at U.S. Fuelmakers
The winner in the shake-up appears to be refiners in Asia, who are seeing shipments from Canada surge to the highest in more than a year.
Boeing Pleads Not Guilty in Fraud Case Over 737 Max Crashes
Lawyers for the families argue that they were blindsided by the 2021 controversial deferred prosecution agreement with the government that granted the company legal immunity, and weren’t consulted on its terms.
Can Warehouse Automation Solve the Challenges of Omnichannel Operations?
Following are the top challenges that warehouses and distribution centers face in the e-commerce and retail sector.
Boeing-DOJ ‘Sweetheart Deal’ Decried by Victim’s Wife
The proceedings mean that, for the first time, the company will be formally charged in court in relation to the two crashes, and will have to plead guilty or not guilty.
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