Arrival misses interest payment on convertible notes amid cash crunch
(Reuters) – British electric-vehicle startup Arrival said on Tuesday it missed the Dec. 1 deadline to make an interest payment on its convertible debt due 2026 as it battles a cash crunch.…
Chip crunch to cut Stellantis’ Italy 2022 output by up to 220,000 vehicles -union
MILAN – A global crunch in semiconductor supply could cost Stellantis up to 220,000 vehicles this year in terms of lost output in Italy, the FIM CISL union said, adding this would…
SAS strike looms as pilot wage talks hit crunch time
By Stine Jacobsen COPENHAGEN – Scandinavian airline SAS began last-ditch wage talks with pilots on Tuesday, negotiators said, hoping to avert a major strike after midnight that could paralyse much of the…
Germany seeks foreign workers for airports amid summer travel crunch
BERLIN -Germany wants to bring in foreign workers as quickly as possible to relieve airports overwhelmed by staff shortages during the busy summer season, an Interior Ministry spokesperson said. The temporary workers,…
Baby formula crunch in U.S. forces scramble to boost supplies
(Reuters) – Abbott Laboratories said it had halted production of EleCare baby formula at its Michigan plant after storms caused heavy flooding, in the latest setback for the recently re-opened factory that…
Timeline: Baby formula crunch in U.S. forces scramble to boost supplies
(Reuters) – The nationwide shortage of baby formula has prompted the United States to temporarily allow foreign imports from other suppliers, while reaching a deal with Abbott Laboratories on steps to resume…
Global gas crunch claims first Australian trading casualty
By Sonali Paul MELBOURNE – A gas seller that supplied 7% of the eastern Australian market has collapsed due to soaring global gas prices, the first significant casualty in the country from…
Baby formula crunch in U.S. forces scramble to boost supplies
(Reuters) – The nationwide shortage of baby formula has prompted the United States to temporarily allow foreign imports from other suppliers, while reaching a deal with Abbott Laboratories on steps to resume…
Analysis-U.S. coal companies struggle to cash in on Europe crunch
By Timothy Gardner WASHINGTON – U.S. coal producers are seeking to boost exports to cash in on soaring prices since Russia’s invasion of Ukraine but face big headwinds including shipping bottlenecks, labor…
Joint gas buying no quick fix for Europe’s supply crunch
By Kate Abnett BRUSSELS – The European Union’s plan for countries to buy gas jointly could maximise supplies and ensure better contract terms in the coming years, but is unlikely to help…
Graying of Canada’s workforce threatens to worsen labor crunch
By Anna Mehler Paperny TORONTO – Canadians nearing retirement outnumbered those entering the workforce by a record margin in 2021, census data released on Wednesday showed, raising fears the country’s labor shortage…
Australia’s Whitehaven Coal output falls on labour crunch
(Reuters) – Australia’s Whitehaven Coal Ltd reported a 5% drop in third-quarter production on Wednesday as adverse weather and a labour shortage worsened by COVID-19 dented output. The country’s largest independent coal…
Capacity crunch may abort U.S. satellite boom as sanctions threaten Russia launches
By Akash Sriram (Reuters) – Houston, we have a problem! U.S. rocket companies are facing the daunting task of ferrying hundreds of satellites to space in the coming years as sanctions sideline…
China’s farmers face fertiliser crunch as COVID measures hamper deliveries
By Dominique Patton and Hallie Gu BEIJING – China’s COVID-19 curbs are disrupting the supply of fertiliser to the country’s northeastern bread basket just a month away from spring planting, threatening this…
Cinnamon Toast Crunch™ Creamy Cinnamon Spread Launching This Month
“The successful introduction of Cinnamon Toast Crunch™ Cinnadust™ Seasoning Blend showed us that consumers are eager to find new and innovative ways to enjoy their favorite foods and flavors, such as Cinnamon Toast Crunch™…
IEA urges reduced transport to cut oil use amid supply crunch
By Noah Browning LONDON -The International Energy Agency (IEA) on Friday urged consumers to travel less, share transport and drive more slowly, part of a 10-point plan to cut oil use as…
Chip crunch forces further production cuts at Toyota
-Toyota Motor Corp said on Tuesday it would make additional production cuts in March due to a shortage of semiconductor chips, days after the Japanese automaker reduced its domestic production target by…
Analysis – Investors see risks spiking, fear market-wide liquidity crunch
By Davide Barbuscia NEW YORK – Wild swings in asset prices following Russia’s invasion of Ukraine are prompting some investors to pare risk in their portfolios, fearing that the type of volatility…
Hyundai to stop plant in Russia on March 1-5 amid supply crunch, Ifax says
MOSCOW – Hyundai Motor Co will suspend its car assembly plant in Russia’s St Petersburg on March 1-5 due to supply chain interruptions, Interfax newsagency reported on Tuesday, citing a company official…
Electrolyser supply crunch hangs over India’s hydrogen ambitions
By Sudarshan Varadhan NEW DELHI – A global supply crunch of electrolysers needed to produce green hydrogen and a lack of domestic manufacturers to make them pose a major challenge to India’s…
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