ZURICH—Nestle does not expect “significant infant formula shortages” in other markets the Swiss food maker serves outside the United States, Chief Executive Mark Schneider said in an interview Monday. “This was very much a domestic situation caused by the outage of a large facility in the U.S.,” Schneider said, after a shortage hit the U.S….
Nestle CEO Does Not See ‘Significant’ Baby Formula Shortages Outside US
May 30, 2022
admin
BabyBusiness & EconomyCEOcommoditiesCompanieseconomyEuropeformulaMarketsNestleshortagesUSUS NewsWorld
0 Comment
Murkowski ‘Chief Enabling Officer’ of Biden Agenda: Kelly Tshibaka
May 28, 2022
admin
2022 Midterm ElectionsbidenBusiness & Economycommoditiescongresseconomic policieseconomyinflationMarketsMurkowskiOilPoliticsrare earthsRepublicansUSUS Features
0 Comment
Kelly Tshibaka, the Republican candidate for Sen. Lisa Murkowski’s (R-Alaska) seat endorsed by Trump, claimed Murkowski’s vote confirming Deb Haaland as Interior Secretary has weakened Alaska, contributing to skyrocketing gas prices and foreign dependence by impeding the production of oil, gas, rare earths, and other vital commodities. “Who’s directing this assault on us? Joe Biden….
Brent Crude Oil Could Reach $150 per Barrel If Russian Exports Are Sanctioned: Bank of America
There are major concerns over the tightening supply situation in the global crude oil market, as the global oil benchmark Brent crude nears a two-month high. Brent crude could rise past $150 a barrel if there is a sharp cut in Russian oil exports, according to Bank of America’s (BOA) Global Research report on May…
‘Energy Emergencies’: US Summer Blackout Risks Grow Amid Global Energy Crisis
Many parts of North America are at risk of experiencing blackouts this summer, the North American Electric Reliability Corporation (NERC) warned in a new dire report. According to the non-profit organization’s “Summer Reliability Assessment” report (pdf), there could be widespread summer blackouts amid shuttered power plants, supply chain snafus, and intense heat. The group, which…
Oil on Track for Weekly Rise Amid Global Supply Concerns
LONDON—Oil prices edged lower on Friday but were on track for weekly gains, supported by the prospect of a tight market due to rising gasoline consumption in the United States in summer, and also the possibility of an EU ban on Russian oil. Brent crude was down 20 cents, or 0.2 percent, at $117.20 at…
World Stocks Eye First Weekly Gain in Eight Weeks, Dollar Hits 1-month Low
LONDON/BEIJING—World stocks were heading for their first weekly gain in eight weeks on Friday on a more upbeat earnings view while the dollar hit one-month lows after the Federal Reserve’s minutes suggested it could put the brakes on rapid rate hikes later this year. Optimistic U.S. earnings outlooks overnight from department store operator Macy’s Inc….
Oil Climbs on Tight Supply, Prospect of EU Ban on Russian Supply
LONDON—Oil prices rose on Thursday, extending a cautious rally this week on signs of tight supply while the European Union (EU) wrangles with Hungary over plans to ban imports from Russia, the world’s second-largest crude exporter, after it invaded Ukraine. Brent crude futures gained 87 cents, or 0.8 percent, to $114.90 a barrel at 1001…
World Shares Mixed on Growth Worries as Central Banks Tighten
MILAN/SHANGHAI—World shares were mixed on Thursday on persistent concerns over slowing economic growth and after the latest U.S. Federal Reserve minutes confirmed its intent to tighten monetary policy quickly. While Wall Street rallied after the minutes, which showed a majority of policymakers backed 50-basis-points rate hikes in June and July along with a unanimous view…
Global Food Supply Concerns Lead Some Countries to Limit Exports
May 25, 2022
admin
Business & EconomycommoditieseconomyEuropefood shortage crisishigher food pricesinflationInternationalMarketsRussia ukraine conflictRussia-Ukraine WarWorld
0 Comment
Facing potential food supply shortages, some countries have adopted policies limiting food exports, raising concerns globally about food supply and exacerbating food inflation woes. Since the beginning of Russia’s war against Ukraine in late February, around 30 nations have taken steps to restrict certain food exports. Ukraine—known as the breadbasket of the world—shut down its…
Europe, Asia Gas Buyers Switching to Long-Term Supplies to Beat Volatile Prices
May 25, 2022
admin
AsiaAsia & PacificBusiness & EconomybuyerscommoditiesCompanieseconomyEuropeGasInternationalMarketsRussia-Ukraine WarsuppliesWorld
0 Comment
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…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`