London Stock Exchange Group said it was on track to achieve cost savings from the integration of data platform Refinitiv after a steady third quarter, but warned supply chain shortages could impact the timing of its technology spending. The exchange said pro forma underlying income was 1.78 billion pounds ($2.46 billion) in the three months…
London Stock Exchange Warns on Supply Chain Shortages
October 22, 2021
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Futures Flat on Worries Over Supply Chain Disruptions; Netflix Falls
October 20, 2021
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U.S. stock index futures were flat on Wednesday as investors weighed the impact of supply chain constraints and inflation on corporate earnings, while Netflix shares remained sluggish after its quarterly report. Netflix’s global sensation “Squid Game” helped lure more customers than expected, the world’s largest streaming service said as it predicted a packed lineup would…
US Commerce Secretary Says No Denying Supply Chain Is a Problem
October 8, 2021
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WASHINGTON—U.S. Secretary of Commerce Gina Raimondo said on Friday that incremental improvements could be seen regarding supply chain disruptions but that the impact would continue into next year. “There’s a lot of work left to do,” Raimondo said on CNBC. “We’re making slow improvement. But there’s no denying that it’s a problem. I think we’re…
Japan Factory Output Seen Down Again in August on Supply Chain Disruption: Poll
September 24, 2021
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TOKYO—Japan’s factory output likely fell again in August as the country’s manufacturing sector faced supply chain disruptions driven by a global chip shortage and the spread of the Delta coronavirus variant in Southeast Asia. Retail sales also likely eased in August after a sharp rise in July, according to the poll, underscoring the fragility of…
Airbus CEO Says Supply Chain Is in ‘Difficult Spot’
MONTREAL—Airbus is seeing mounting pressure on the aerospace supply chain and managing the problem is key to the industry’s recovery, the head of the European planemaker said on Tuesday. “We really see that the supply chain is in a much more difficult spot than it was before,” Chief Executive Guillaume Faury told the Conference of…
US, South Korea Trade Chiefs Discuss Strengthening Supply Chain
September 14, 2021
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WASHINGTON—U.S. Trade Representative Katherine Tai and South Korean Trade Minister Yeo Han-koo, in a meeting on Monday, emphasized the importance of working together to strengthen supply chains, including for semiconductors, the office of the USTR said in a statement.
Cyber Attack Against U.S. IT Provider Forces Swedish Chain to Close 800 Stores
STOCKHOLM—The Swedish Coop grocery store chain closed all its 800 stores on Saturday after a ransomware attack on an American IT provider left it unable to operate its cash registers. Hundreds of American businesses were hit on Friday by an unusually sophisticated attack that hijacked widely used technology management software from a Miami-based supplier called…
Many Key China Issues Still ‘Under Review’ at Biden’s First 100 Days
May 1, 2021
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WASHINGTON—As President Joe Biden’s first 100 days come to a close this week, a number of key policy positions and contentious issues remain “under review,” to use the White House’s terminology. Many relate to China, the United States’ strategic competitor, a rivalry that Biden has starkly defined, most recently in a speech to Congress on…
US Issues Subpoena to Chinese Company as Part of Supply Chain Review
April 13, 2021
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WASHINGTON—The U.S. Commerce Department said on Tuesday it had issued a subpoena to an unnamed Chinese company as part of the Biden administration’s review of its supply chain for any risks posed to U.S. national security. The administration of President Joe Biden has take a relatively hard line on Chinese companies, similar to that of…
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