FRANKFURT, Germany—Europe’s natural gas crisis isn’t letting up. Reserves are low. Prices are high. Utility customers are facing expensive bills. Major Russian supplier Gazprom isn’t selling gas like it used to. It all raises the question: How exactly is Europe, which imports most of its energy, going to make it through the winter without a…
Conservative MP Questions Delay in Suicide Hotline as COVID 19 Crisis Calls Continue
OTTAWA—A Conservative member of Parliament is questioning why a national suicide-prevention hotline approved by the House of Commons last year still does not exist. MPs from all parties voted in December 2020 for “immediate action” to set up a suicide hotline that people in crisis could call for help by dialing 988. Conservative MP Todd…
Coping With Disaster
I had a plan to take a month long road trip out West. I would spend my time driving country roads, taking memorable photographs, and soaking in the mountain scenery of Colorado. The trip began with long roads and mountain vistas, but it turns out that I ended up in a very different place—while still…
Walnuts for Holiday Baking Languish as US Shipping Crisis Hurts Farmers
ESCALON, CALIF.—The shrink-wrapped boxes of fresh California walnuts stacked almost to the ceiling in Don Barton’s California packing facility should be headed to Europe for holiday baking and to Asia for New Year celebrations. Instead, newly cleaned and shelled nuts—about $10 million worth—are stuck at his processing plant near Sacramento, thousands of miles from their…
France Excludes UK From Migrant Crisis Meeting After PM’s ‘Unacceptable’ Letter
A meeting between Home Secretary Priti Patel and her French counterpart Gerald Darmanin has been dramatically cancelled following Boris Johnson’s latest intervention in the channel crossing migrant crisis. A public letter sent by the Prime Minister to President Emmanuel Macron was described as “unacceptable” by the French Interior Ministry which said Ms Patel was “no…
Kaisa, Units Trading Suspended as China Property Debt Crisis Routs Developers’ Shares
November 5, 2021
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Business & EconomyChinaChina Business & EconomyCompaniescrisisdebtEconomiesHK BusinessHong KongKaisaMarketspropertyShares
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HONG KONG/SHANGHAI—Kaisa Group Holdings Ltd. and three of its units had their shares suspended from trading on Friday, a day after an affiliate missed a payment to onshore investors as China’s snowballing property debt crisis jolts other developers. Shenzhen-based homebuilder Kaisa, which has guaranteed the wealth management product, said in a statement on Thursday it…
Chip Lead Times Continue to Slow, Hinting at Ease in Crisis: Bloomberg
Delivery times for chips in October posted their smallest gain in about nine months, signaling towards possible ease in crisis plaguing multiple industries, Bloomberg reports. The lead times, which implies the gap between a semiconductor order and delivery time, increased by one day to about 21.9 weeks in October versus September, as per Susquehanna Financial…
Delhi Chief Minister Warns of Power Crisis Due to Coal Shortage
NEW DELHI—Delhi Chief Minister Arvind Kejriwal on Saturday warned of a power crisis in the Indian capital due to a coal shortage, which has already triggered electricity cuts in some of the country’s eastern and northern states. “Delhi could face a power crisis,” Kejriwal said in a tweet in which he also shared a copy…
Evergrande Says 6 Execs Have Returned Funds From Advance Redemption of Products
SHANGHAI—Six executives of heavily indebted China Evergrande Group have returned funds from early redemptions of the company’s investment products, the property group said on Saturday. Evergrande, in a liquidity crisis with over $300 billion in liabilities as offshore bondholders fear an imminent default, has not spoken publicly about missing recent interest payments to bondholders. The…
‘Containergeddon’: Supply Crisis Drives Walmart and Rivals to Hire Their Own Ships
October 8, 2021
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Business & EconomyCompaniesContainergeddoncrisisEconomieseconomyMarketsRivalsShipssupplyUSUS NewsWalmart
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LOS ANGELES—The Flying Buttress once glided across the oceans carrying vital commodities like grain to all corners of the world. Now it bears a different treasure: Paw Patrol Movie Towers, Batmobile Transformers, and Baby Alive Lulu Achoo dolls. The dry bulk cargo ship has been drafted into the service of retail giant Walmart, which is…
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