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China's Covid Lockdowns Set to Further Disrupt Global Supply Chains

BEIJING — Trucks are being delayed by the testing of drivers. Container rates are rising as ships wait for many hours at ports. Products are piling up in warehouses. As Chinese officials scramble to contain the country's worst outbreak of Covid-19 ...

Powell Admires Paul Volcker. He May Have to Act Like Him.

Now, if rapid inflation proves more stubborn than policymakers expect, Mr. Powell could find himself in a situation in which he must follow Mr. Volcker's lead. The towering former Fed chair is best remembered for ...

Global Economy Sinks Deeper into Turmoil as Fed Prepares to Raise Rates

WASHINGTON — When Federal Reserve officials raise interest rates on Wednesday, they will do so amid an unfortunate economic reality: Many of the inflationary pressures they had long assumed would dissipate have instead lingered, and some are getting ...

Intel to Invest at Least $19 Billion for New Chips Plant in Germany

Intel on Tuesday selected the German city of Magdeburg for its next big chip manufacturing site, continuing a dramatic expansion aimed at reducing dependence on Asian factories for the vital components. The Silicon Valley company said it expected to ...

A surge in COVID-19 spurs new lockdowns in China's cities

The entire Chinese province of Jilin is under lockdown as COVID-19 cases surge across the country. Jilin's daily case counts topped 4,067 on Monday alone, leaving health officials scrambling to catch up to the highly transmissible omicron variant.

Intel Unveils $88B Chipmaking Expansion Plan for Europe

The Seattle Times

U.S. News & World Report

U.S. chipmaker Intel unveiled plans on Tuesday to invest up to $88 billion across Europe as part of an ambitious expansion aimed at evening out imbalances in the global semiconductor supply chain. By Associated Press. |. March 15, 2022.

Russian gas will continue to flow through Ukraine to Europe - Ukraine's Naftogaz

Russia is the European Union's top gas supplier and its invasion of Ukraine has led to concerns over possible disruptions, sending prices to record highs. Some 41.6 billion cubic metres (bcm) of Russian gas was ...

Fed to Embark on Interest Rate Hikes Amid Inflation, War and Economic Slowdown

U.S. News & World Report

The central bank's monetary policy committee is expected to approve raising interest rates from their near-zero level and begin a reversal of its accommodative stance adopted at the beginning of the pandemic. Later this year, it will also begin reducing ...

Shares in China fall amid strongest COVID-19 lockdown yet

Hong Kong's Hang Seng index fell 5.72% on Tuesday from the previous day, its lowest point since 2016, while the Shanghai Composite index dropped nearly 5%, hitting a 52-week low. However, the Nikkei 225 Index had a slight increase of 0.15%.

Canada, US shippers brace for possible CP Rail strike, latest supply-chain disruption

Some 3,000 members of Teamsters Canada Rail Conference, including engineers, conductors and yard workers, voted this month to potentially strike just after midnight Wednesday. The union has not yet given the required 72 hours notice, ...