SpaceX on Saturday launched its 26th commercial resupply mission to the International Space Station. The Falcon 9 rocket blasted off from Cape Canaveral in Florida and was delivering more than 7,700 pounds of supplies, science experiments, and equipment. It was also carrying a pair of solar arrays that will increase power for space station research…
Lavrov Offers Reassurance Over Russian Grain Supplies in Cairo Visit
July 25, 2022
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AfricaBusiness & Marketseconomic policieseconomyEgyptEuropeGold and CommoditiesgrainMarketsMiddle EastRussiaRussia-Ukraine WarSergei LavrovsuppliesUkraineWorld
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CAIRO—Russia’s Foreign Minister Sergei Lavrov offered reassurances over Russian grain supplies to Egypt during a visit to Cairo on Sunday, amid uncertainty over a deal to resume Ukrainian exports from the Black Sea. Egypt is one of the world’s top wheat importers and last year bought about 80 percent of those imports from Russia and…
Europe, Asia Gas Buyers Switching to Long-Term Supplies to Beat Volatile Prices
May 25, 2022
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AsiaAsia & PacificBusiness & EconomybuyerscommoditiesCompanieseconomyEuropeGasInternationalMarketsRussia-Ukraine WarsuppliesWorld
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DAEGU, South Korea—Natural gas buyers in Asia and Europe are seeking to lock in supplies via long-term contracts as a buffer against volatile global prices, industry executives said, in moves that will reverse the last decade’s trend of increasing spot purchases. Fears of disruptions in Russian gas to Europe and low inventories led the continent…
Any Decision to Stop Russian Energy Imports Would Hit Next Winter’s Supplies: Engie CEO
March 7, 2022
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Business & EconomycommoditiesenergyEngieEuropeFranceimportsMarketsRussiaRussia-Ukraine WarsanctionsuppliesUkraineWorld
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PARIS—Engie chief executive Catherine MacGregor said on Monday that any decision to stop Russian energy imports in retaliation for Russia’s invasion of Ukraine would impact the energy supplies of France and Europe next winter. “Winter is coming to an end. The real problem would be next winter because we are replenishing stocks during summer,” MacGregor…
Ukraine Invasion Hampers Wire Harness Supplies for Carmakers
March 4, 2022
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Business & EconomyCarmakersCompaniescrisiseconomic policieseconomyEuropeInternationalMarketsRussia-Ukraine WarsuppliesUkrainewireWorld
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Carmakers including Germany’s Volkswagen, BMW and Porsche are struggling to obtain crucial wire harnesses as suppliers in western Ukraine have been shuttered by the Russian invasion, forcing them to curtail production. Production of the part, needed for organizing miles of vehicle cables, has affected suppliers like Leoni, Fujikura and Nexans, and rippled through to major…
US Grocery Shortages Deepen as Pandemic Dries Supplies
High demand for groceries combined with soaring freight costs and Omicron-related labor shortages are creating a new round of backlogs at processed food and fresh produce companies, leading to empty supermarket shelves at major retailers across the United States. Growers of perishable produce across the West Coast are paying nearly triple pre-pandemic trucking rates to…
GM CFO Sees ‘More Stable’ Chip Supplies in 2022, Reaffirms 2021 Outlook
DETROIT—General Motors Co. Chief Financial Officer Paul Jacobson reaffirmed the automaker’s 2021 profit outlook and said the company expects a “more stable year” in 2022 for semiconductor supplies. Jacobson said during a conference call with investors that GM still expects to deliver pre-tax profits for 2021 in the range of $11.5 billion to $13.5 billion…
Space Station Supplies Launched With a Pizza Delivery for 7
CAPE CANAVERAL, Fla.—Northrop Grumman’s latest space station delivery includes pizza for seven. The company’s Cygnus cargo ship rocketed away from Virginia’s eastern shore Tuesday. It should reach the International Space Station on Thursday. The 8,200-pound (3,700-kilogram) shipment includes fresh apples, tomatoes and kiwi, along with a pizza kit and cheese smorgasbord for the seven station…
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