The coming years will be marked by extreme socio-economic turbulence. The world is reportedly facing an “everything shortage” where essential goods are getting harder, farther, and more time-consuming to find. These shortages affect the entire gamut of the social pyramid structure. The typical production to delivery cycle is repeatedly hammered …
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While the production of cars for the domestic market over the past month slightly increased by 3.3%, export vehicle production fell dramatically by 32.5%. Around 29,200 cars assembled in the UK were shipped overseas, with exports to major markets including Australia, the US and China down over 50%. Exports to …
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The so-called “Operation Escalin” will initially involve mobilising more than 200 soldiers, including 100 drivers, to deliver fuel to petrol station forecourts, defence secretary Ben Wallace announced on Friday. The Army fuel shipments will start arriving at stations on Monday. The move comes just two days after Prime Minister Boris …
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That’s almost double the company’s previous forecast, in May, of $110 billion. It had initially projected some $60.6 billion in lost revenues at the beginning of the year, when automakers started cutting production at plants. “Of course, everyone had hoped that the chip crisis would have abated more by now, …
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“There’s plenty of fuel, there’s no shortage of the fuel within the country,” the minister said, as quoted by Sky News “So the most important thing is actually that people carry on as they normally would and fill up their cars when they normally would, then you won’t have queues …
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Long queues of cars at petrol stations were spotted across the UK on Friday, with hundreds of motorists seeking to top off their tanks amid fears of fuel shortages. Some petrol stations ran out of fuel and closed, while many others lacked at least one brand of fuel, according to …
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The price of the October futures on the TTF hub in the Netherlands on September 14 surpassed $800 per 1,000 cubic meters, or 65.50 euro per megawatt-hour in household terms. Gaining over $70 per 1,000 cubic meters in just one day, the price of gas in Europe is now at …
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The hospital will stop delivering babies starting September 25, two days before the deadline for all New York state healthcare workers to get a first vaccine dose, Lewis County Health System CEO Gerald Cayer told a press conference last week. “We are unable to safely staff the service after September …
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The State Administration for Market Regulation (SAMR) imposed a fine on Shanghai Cheter, Shanghai Chengsheng Industrial and Shenzhen Yuchang Technologies after a probe, launched by the regulator in August, revealed the distributors inflated car chip prices by 40 times the purchase price. “SAMR will continue to pay close attention to …
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An August report by the US Bureau of Labor Statistics set the number of open jobs in the country at more than 10 million. That same report lists the number of confirmed unemployed at 8.7 million. You don’t have to be Sir Isaac Newton to see there are more open …
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