WASHINGTON – The Biden administration plans to announce on Wednesday a $137 million contract for Millipore Sigma, a unit of Germany’s Merck KGaA, to boost production capacity of a highly …
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Holiday sales surged at the fastest pace in nearly 20 years despite shoppers facing higher prices, supply issues and soaring COVID-19 cases, according to a key spending metric. Holiday sales …
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By Keith Coffman DENVER – Undaunted by pandemics, supply-chain woes and labor shortages plaguing Earth-bound commerce, Santa Claus was set to launch his reindeer-powered sleigh on Friday to deliver Christmas …
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White House Press Secretary Jen Psaki tried to defend her boss, President Joe Biden after he dropped the ball on America’s COVID-19 testing rollout, saying that had the President not …
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WASHINGTON -The Omicron coronavirus variant appears unlikely to have a long-term impact on manufacturing supply chain in the coming months, but that will depend on how many people get vaccinated, …
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– U.S. auto retail sales are expected to fall in December, as supply shortages and high demand have caused prices to skyrocket, consultants J.D. Power and LMC Automotive said in …
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European natural gas prices hit an all-time high Tuesday after Russia suddenly reversed flows through a key pipeline transporting gas to Germany. The Dutch natural gas calendar, the benchmark European …
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By P.J. Huffstutter and Marcelo Teixeira CHICAGO – Orders have been pouring into Andrew Schuman’s candy cane business this year, but business has been anything but sweet. “We’re not taking …
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TOKYO – McDonald’s Holdings Company Japan said on Tuesday it would suspend the sale of medium- and large-sized french fries for a week starting on Friday due to supply chain …
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BERLIN – Germany’s tax take surged again in November, rising 15.4% on the year to 54.9 billion euros, thanks to its recovery from the pandemic earlier this year, although the …
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TOKYO – Toyota Motor Corp said on Monday it would suspend production at five domestic factories in January due to supply chain issues, chip shortages and the COVID-19 pandemic. Japan’s …
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By Christopher Walljasper CHICAGO -The U.S. Agriculture Department is providing up to $1.5 billion to help school meal programs weather the supply chain crunch, Agriculture Secretary Tom Vilsack said on …
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WASHINGTON – U.S. manufacturing activity slowed to a one-year low in December, but there are signs that labor and raw material supply constraints at factories are starting to ease. Data …
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Global crude oil production is forecasted to outpace demand beginning in December and into 2022, a key monthly industry report said. The oil supply is expected to receive a boost …
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The Producer Price Index (PPI), which measures inflation at the wholesale level, soared 9.6% year-over-year as of November, growing at the fastest rate ever measured, the U.S. Bureau of Labor …
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BERLIN – German engineering association VDMA on Tuesday cut its 2021 production forecast as supply chain bottlenecks weighed on output in Europe’s biggest economy. VDMA revised down its production growth …
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By Jessica Jaganathan SINGAPORE -Saudi Aramco has notified at least two North Asian buyers that it will supply full contractual volumes of crude oil in January, two sources with knowledge …
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A group of top House Republicans introduced a bill Thursday that would force President Joe Biden to increase domestic oil and gas production when he taps the nation’s emergency stockpile. …
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By Carl O’Donnell and Michael Erman – The United States rushed millions of COVID-19 vaccine doses for children ages 5 to 11 across the nation, but demand for inoculations for …
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TOKYO -Toyota Motor Corp has halted production at two factories in Japan due to a supply shortage, a spokesperson told Reuters on Thursday. The stoppage means that Toyota cannot return …
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U.S. consumer spending this holiday season is expected to soar despite growing concerns over inflation and supply chain backlogs that may delay shipping, according to a CNBC survey. Americans, on …
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Executives of major oil companies slammed the aggressive global push to renewable forms of energy and warned that such policies could crash economies. Crude oil and natural gas continue to …
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By Stephen Nellis – A German supplier of chemicals and materials used in making semiconductors said on Tuesday that it is investing $1 billion in its U.S. operations and forming …
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BERLIN -German investor sentiment deteriorated in December as a fourth wave of COVID-19 infections and persistent supply bottlenecks in manufacturing clouded the growth outlook for Europe’s largest economy, a survey …
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TOKYO – Toyota Motor Corp on Tuesday said it is happy to use scratched or blemished parts from suppliers as the world’s biggest car producer tries to trim costs amid …