Health Canada announced Monday it is taking steps to import children’s fever and pain medication, specifically ibuprofen (Advil) and acetaminophen (Tylenol), from a foreign country to alleviate a shortage that has been affecting Canada for months. A Health Canada spokesperson could not provide The Epoch Times with which country the drugs are coming from, an…
Health Canada Will Import Foreign Supply of Children’s Fever and Pain Meds
EV Credits Ended for About 70 Percent of Previously Eligible Models
August 17, 2022
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Business & MarketsCompaniesElectric vehicle tax creditsFordGeneral Motors CoinflationInflation Reduction Act of 2022Marketssupply chain issuesUSUS News
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More than two-thirds of electric vehicles (EVs) on sale in the United States may no longer be eligible for tax credits after President Joe Biden signed into law the Inflation Reduction Act. According to the Alliance for Automotive Innovation, there currently are 72 EV models available for purchase in the country. Before the Inflation Reduction…
New York Manufacturing Activity Plunges as Key Gauge Sees Second Biggest Monthly Drop in History
August 16, 2022
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Business & MarketseconomyEmpire State Manufacturing SurveyLocal NewsManufacturing IndustryNew YorkNew York Federal ReserverecessionRegional-Local Newssupply chain issuesUS
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Manufacturing activity in the New York area suffered a setback in August, according to the New York Federal Reserve. The general business conditions index declined by 42 points, to minus 31.3 in August, data from the Fed’s Empire State Manufacturing Survey results for August show. This is the second biggest monthly decline in the index’s…
NY Manufacturing Activity Plunges as Key Gauge Sees 2nd Biggest Monthly Drop in History
August 16, 2022
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Business & MarketseconomyEmpire State Manufacturing SurveyLocal NewsManufacturing IndustryNew YorkNew York Federal ReserverecessionRegional-Local Newssupply chain issuesUS
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Manufacturing activity in New York state tumbled in August, according to the New York Federal Reserve. The general business conditions index plunged by 42 points, to minus 31.3, data from the Fed’s Empire State Manufacturing Survey results for August show. That’s the second biggest monthly decline in the index’s history and also one of its…
Semiconductor Crunch Becomes a Glut Amid Slowdown in Demand, Hoarding
July 14, 2022
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Business & MarketsCompanieseconomyMarketsMedia & Big Techsemiconductor stockssupply chain issuesTechTech NewsUS
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The semiconductor crunch, which has haunted the electronics and car industry since the start of the pandemic, has now become a glut, as demand for chips slows and companies start to horde chips. The two-year pandemic had caused a severe supply chain shortage of computer chips for manufacturers of computers, smartphones, and cars. In three…
Semiconductor Crunch Becomes a Glut In Some Sectors Amid Slowdown in Demand, Hoarding
July 14, 2022
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Business & MarketsCompanieseconomyMarketsMedia & Big Techsemiconductor stockssupply chain issuesTechTech NewsUS
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The semiconductor crunch, which has haunted the electronics and car industry since the start of the pandemic, has now become a glut in some sectors, as demand for chips slows and companies start to hoard chips. The two-year pandemic had caused a severe supply chain shortage of computer chips for manufacturers of computers, smartphones, and…
Most Firms Expect Inflation to Stay Above 3% Over the Next Two Years: Bank of Canada Survey
More than two-thirds of Canadian firms are expecting inflation to stay above 3 percent over the next two years, says a new survey from the Bank of Canada. Released on April 4, the online survey conducted between March 4 and March 10 asked 152 firms about their expectations for the country’s inflation rate in the coming years….
Large Retailers Cite Increasing Demand For Baby Formula Amid Supply Chain Issues
It’s getting harder to find certain infant formulas at larger retail stores as they struggle to overcome supply chain issues amid an increase in demand. “Product supply challenges are currently impacting most of the retail industry,” CVS Health said in a statement to The Epoch Times. “We’re continuing to work with our national brand baby…
Large Retailers Struggle With Shortages on Some Baby Formulas
It’s getting harder to find certain infant formulas at larger retail stores as they struggle to overcome supply chain issues amid an increase in demand. “Product supply challenges are currently impacting most of the retail industry,” CVS Health said in a statement to The Epoch Times. “We’re continuing to work with our national brand baby…
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