By Gergely Szakacs BUDAPEST – Prime Minister Viktor Orban faces unprecedented headwinds as he embarks on a fourth consecutive term in office when the Hungarian nationalist will have to navigate …
woes,
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MADRID – New car registrations in Spain fell more than 30% in March as a partial trucker strike delayed deliveries of vehicles and parts and deepened existing supply-chain issues, industry …
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By Clare Jim HONG KONG – China’s pledges to shore up its embattled property industry have done little to boost prospects for the sector, according to developers, with access to …
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By Joe Bavier JOHANNESBURG – The African Development Bank (AfDB) is aiming to raise $1 billion to rapidly ramp up agricultural production in Africa and stave off a potential food …
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By Jorgelina do Rosario LONDON – JPMorgan analysts have slapped a sell, or ‘underweight’, recommendation on emerging market local currency sovereign debt due to the global fallout from the Russia-Ukraine …
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By Peter Hall – Italy broke English hearts last July as they won the European Championship final but after failing to qualify for the World Cup for the second straight …
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TRENTON, NJ – Weeks after Governor Phil Murphy met with his peers at the National Governor’s Association’s annual convention, signaling an end to the pandemic phase of COVID-19, New Jersey’s …
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By Brijesh Patel – Palladium extended gains to a more than seven-month high on Thursday, spurred by concerns over supply shortages following harsh sanctions on top-producer Russia, while the Ukraine …
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By James Pearson and Raphael Satter LONDON/WASHINGTON – Warnings that pro-Russian ransomware gangs would snarl networks in Ukraine and its allies have so far failed to materialise amid disarray among …
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By Mehr Bedi – A nearly three-month long labor strike at Kellogg’s U.S. cereal plants is expected to dent profit margins already under pressure from steep costs driven by global …
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By Brad Brooks – A 19-year-old former student was shot and killed after a high school basketball game a week ago in Beloit, Wisconsin. On Monday, a shooting outside Chaparral …
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-Honeywell International Inc reported lower-than-expected quarterly sales on Thursday, hit by supply chain challenges at its aerospace segment and a fall in demand for masks. The company, whose shares fell …
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HAMBURG – Tight supplies of commodities including sugar and cocoa plus global logistics problems could hit production of chocolate Easter bunnies, Germany’s confectioners warned on Thursday. “The market for important …
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By Renju Jose SYDNEY -Australian Prime Minister Scott Morrison said on Monday the shortages of at-home antigen tests were “not unique” to the country as authorities deal with a runaway …
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By Brad Brooks and Maria Caspani – Long lines snake around entire city blocks as Americans scramble to get tested for COVID-19. At-home testing kits fly off the shelves at …
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By Ali Kucukgocmen ISTANBUL – More Turks now believe an opposition alliance is better suited than President Tayyip Erdogan and his ruling AK Party (AKP) to end the economic turmoil …
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STOCKHOLM – The world’s biggest furniture brand IKEA is raising prices by an average of 9% as it faces increasing costs in transport and raw materials, the owner of most …
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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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By Julie Gordon OTTAWA -Canada’s economy likely expanded for the sixth consecutive month in November, after matching expectations in October, official data showed on Thursday, implying the Bank of Canada …
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By Scott Murdoch HONG KONG – China’s property sector debt turmoil is set to keep a lid on Asian high-yield corporate bond deals in the first half of next year …
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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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BEIJING – China’s property market woes worsened in November, with prices for both new and resale homes falling amid weaker demand in bigger cities, a private-sector survey showed on Wednesday. …
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BERLIN – More than half of German companies doing business abroad are hit by severe problems in their supply chains or logistics, pushing them to diversify suppliers, shorten delivery routes …
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By Scott Murdoch and Alun John HONG KONG – Asia’s high-yield bond managers are largely staying away from new debt deals as turmoil in China’s property sector has roiled the …
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WASHINGTON – Wages for truckers and warehouse workers may need to rise to resolve shipping backups, the chairman of the U.S. Federal Maritime Commission, which oversees ocean transportation, said on …