Tag: Businesses in COVID-19

Drug, Feed Ingredient Shortages Hit US Livestock Producers

November 19, 2021
Business & EconomyBusinesses in COVID-19drugEconomieseconomyIllinoislivestockLocal NewsMichiganproducersRegional-Local NewssupplyUSUS News
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CHICAGO—Michigan dairy farmer Doug Chapin has been unable to buy bottles of veterinary penicillin for his cows for more than a month. In Minnesota, pig farmer Randy Spronk reformulated feed rations due to a shortage of the widely used ingredient lysine, an amino acid that helps livestock grow. Supply-chain disruptions are hitting America’s meat producers…

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NY Fed’s Williams Says Inflation Increases Becoming Broader Based

November 19, 2021
Business & EconomyBusinesses in COVID-19economic policiesEconomieseconomyFedinflationJohn WilliamsLocal NewsNew YorkNY NewsRegional-Local NewsUSUS News
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Inflation in the United States is becoming more broad based and expectations for future price increases are rising, a trend policymakers will be watching closely, New York Federal Reserve Bank President John Williams said on Thursday. While some of the price increases seen today are related to the pandemic and imbalances between supply and demand,…

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Australian State Racks up $5 Million in COVID-19 Fines

November 18, 2021
Annastacia PalaszczukAustraliaAustralia COVID-19BrisbaneBusiness & EconomyBusinesses in COVID-19CCP VirusInternationalQueenslandWorld
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The Queensland government has racked up AU$5.2 million of COVID-19 related fines, with a portion of individuals or businesses facing enforcement measures such as suspension of their driver’s licence and garnishing of their wages. According to a Queensland Treasury statement issued to The Epoch Times, as of Sept. 30, the government has issued 3,046 infringements…

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Winter Weather, West US Port Labour Talks Are Wild Cards in Shipping: Hapag Lloyd

November 18, 2021
Business & EconomyBusinesses in COVID-19CompaniesEconomieseconomyEuropeLabourLloydportshippingUSUS NewsWinterWorld
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FRANKFURT—The shipping industry may face unexpected risks from labour negotiations in western U.S. ports and winter weather in the northern hemisphere over the next few months, the head of German container firm Hapag-Lloyd said on Thursday. “Winter can have a significant impact on shipping,” Chief Executive Rolf Habben Jansen said in an online call with…

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US to Start Raising Interest Rates From September 2022: JP Morgan

November 18, 2021
Business & EconomyBusinesses in COVID-19EconomieseconomyFedinterestJPMorganratesUSUS News
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LONDON—The U.S. Federal Reserve will start raising interest rates from September 2022, economists at the country’s biggest bank said in a 2022 outlook note. JPMorgan expects the central bank to raise rates by 0.25 percent from the third quarter of next year and keep raising them by 25 basis points every quarter “at least until…

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China Walks a Tightrope on Property Clampdown

November 18, 2021
Business & EconomyBusinesses in COVID-19ChinaChina Business & EconomyChinese RegimeclampdowndebtEconomies
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BEIJING—China’s property sector, a major driver of economic growth, has weakened sharply this year as Beijing clamps down on speculators and indebted developers in a broad push to ease financial risks, with prices of new homes down for the first time in six years. In the near term, many analysts expect authorities will try to…

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EU Says Chips Policy Aim Is to Ensure Resilient Supply Chain

November 18, 2021
Business & EconomyBusinesses in COVID-19chipsCompanieseconomic policiesEconomiesEUEuropeInternationalMargrethe VestagerPolicysupplyWorld
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BRUSSELS—The European Union’s policy on state aid for the production of semiconductors will seek to avoid a subsidy race, and companies must aim for diversification to ensure a robust supply chain across the bloc, the European Commission said on Thursday. “Each case for the supply of semiconductors will be rigorously assessed based on their respective…

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Pfizer Secures $5 Billion From US Government for 10 Million Courses of COVID-19 Pill

November 18, 2021
AMERICABusiness & EconomyBusinesses in COVID-19CCP VirusEditor's PicksHealth NewsMind & BodyPfizerpill
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U.S. government officials have reached an agreement with Pfizer that secures 10 million courses of the drugmaker’s COVID-19 pill. The government is paying $5.3 billion, or $529 a course for the pill. The price is due to the “high committed volume of treatment courses being purchased through 2022,” with similar agreements reached with several other…

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Starbucks Links With Amazon Go for First Cashier-Less Cafe

November 18, 2021
AmazonBusiness & EconomyBusinesses in COVID-19cafeCashierlessCompaniesEconomieseconomyMedia & Big TechStarbucksUSUS News
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NEW YORK—Starbucks Corp.’s newest cafe lacks one element most customers are used to seeing: cashiers. The global coffee chain on Thursday opened its first ever location in partnership with Amazon Go, the e-commerce giant’s brick-and-mortar convenience store, where customers can sit at a table with a latte or grab a sandwich from a shelf and…

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Shipping Rate Surge Could Derail Economic Recovery, Drive Up Inflation: UNCTAD

November 18, 2021
Business & EconomyBusinesses in COVID-19consumer pricesEconomieseconomyinflationshipping rateUSUS News
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A U.N. agency has warned that a surge in container shipping rates threatens the global economic recovery and could add an additional 1.5 percent to consumer price inflation through 2023. The United Nations Conference on Trade and Development (UNCTAD) said in a Nov. 18 analysis (pdf) that, since the second half of 2020, higher-than-expected demand…

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