The lobbying body had expected car sales to increase by up to 10%, but those projections could be toned down, according to a spokesperson for CCFA. “We think it might be difficult to achieve 1.8 million of sales this year,” the spokesperson said, as quoted by Reuters. In 2020, registrations …
Read More »People take to Iran’s streets to protest water shortage amid country’s most severe drought in 50 years
Protests erupted in several cities in Iran’s Khuzestan Province late on Thursday night, continuing into Friday. Droves of people could be seen marching through the streets, chanting their need for drinking water, with some shouting, “we’re thirsty! We want water!” While the protests were mostly peaceful, some demonstrators in the …
Read More »Syria is suffering a devastating wheat shortage the media claim is due to drought – but the truth is a lot more complicated
A recent article on Reuters would have readers believe the current Syrian wheat shortage mainly due to drought. The article makes a passing reference to the crippling Western sanctions choking Syrians, but doesn’t emphasize how those sanctions contribute to the wheat shortage, as well as the fuel shortage, massive hyperinflation, and …
Read More »Who is at fault for causing the recent US fuel shortage? RT’s Boom Bust wants to know
It reportedly took the company an hour to shut down the conduit that remained inoperable for six days. The step was allegedly taken to prevent the damage from spreading to the pipeline’s operational control. READ MORE: Colonial Pipeline hackers reportedly bagged $90 MILLION in bitcoin before shutting down RT’s Boom Bust …
Read More »Semiconductor chip shortage expected to cost automakers $110 billion in revenues in 2021
The New York-based consultancy has raised the previous outlook by 81.5%. In January, AlixPartners expected the shortage to cost the industry $60.6 billion in revenue. The group expects global car production to drop by 3.9 million units this year – up from the 2.2 million vehicle production cut projected in …
Read More »US panic-buying feeds into fuel shortage, sending gasoline prices higher – analyst
The biggest fuel-carrying infrastructure facility on the US East Coast was targeted by a ransomware cyberattack last Friday. The attack forced the Colonial Pipeline Company, the pipeline’s operator, to halt supplies to the entire network for nearly a week. The company has since reportedly paid the $5 million ransom and …
Read More »US fuel shortage ‘NIGHTMARE’ a direct consequence of terrible policy decisions – analyst
The outage caused rising fuel prices with the national average climbing to more than $3 a gallon for the first time in six years. However, the current crisis shouldn’t be attributed to the pipeline shutdown alone, according to Jeffrey A. Tucker of the American Institute for Economic Research. According to …
Read More »Red metal running out? Copper may hit $20,000 amid global shortage – Bank of America
Copper inventories measured in tons are currently standing at levels seen 15 years ago, able to cover just three weeks of demand, Michael Widmer, a commodity strategist at the US’ second biggest bank, said in a note seen by CNBC. “Linked to that, we forecast copper market deficits, and further …
Read More »World may be facing another toilet paper shortage due to shipping container crisis, industry boss warns
The Brazil-based company, Suzano Sa, which produces around a third of the world’s hardwood pulp, said it’s becoming harder to secure shipping containers for transportation. The company’s CEO Walter Schalka told Bloomberg that if the issue worsens, a worldwide toilet paper shortage could be inevitable. He added that the company …
Read More »In Russia saw the risk of capital shortage at banks
The Chairman of the accounts chamber of the Russian Federation Alexey Kudrin does not exclude that Russian banks may soon face a shortage of capital and need for additional capitalization. This he warned today at the Federation Council. According to the head of the controlling Agency, “the volume nedonoshennyh reserves …
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