A nascent easing of supply bottlenecks helped drive manufacturing activity in Europe’s two largest economies in January, at least partially offsetting the drag from tighter restrictions linked to a surge Continue Reading
German producer prices rose 24.2% year on the year in December, with the record annual jump driven by higher energy prices, official data showed on Thursday. The jump from the Continue Reading
U.S. retail spending and manufacturing slowed at the end of 2021 as the Covid-19 Omicron variant and inflation surged, early signs the latest complications from the pandemic could be weighing Continue Reading
The German economy grew 2.7 percent last year but remained well below pre-pandemic levels, after growth slowed sharply in the fourth quarter due to the impact of the coronavirus crisis Continue Reading
U.S. inflation hit its fastest pace in nearly four decades last year as pandemic-related supply and demand imbalances, along with stimulus intended to shore up the economy, pushed prices up Continue Reading
President Biden and his advisers for months predicted inflation would be only transitory, a temporary problem that would fade as the economy rebounded and as supply chain issues were alleviated. Continue Reading
Global vehicle manufacturers found themselves struggling to meet demand in the second half of 2021 as production was hampered by a semiconductor chip shortage — and supply is not likely Continue Reading
U.S. Jobless Claims Unexpectedly Decline Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast . Applications for U.S. state unemployment benefits unexpectedly fell Continue Reading
The world economy is set to surpass $100 trillion for the first time in 2022, two years earlier than previously forecast, according to the Centre for Economics and Business Research. Continue Reading
Some of Europe’s biggest energy users are curbing production as they warned soaring power and gas prices could lead to higher manufacturing costs and hit competitiveness. Dunkirk’s Alvance, Europe’s largest Continue Reading
Prices that suppliers are charging businesses and other customers leapt in November, signaling that broad-based price pressures are still building throughout the U.S. supply chain. The Labor Department said Tuesday Continue Reading
Spend any time discussing climate policy and you’re sure to discover the “degrowth” movement. Its vocal proponents are hard to miss, online and off. Its core tenets might be harder Continue Reading
The Covid years are littered with predictions that didn’t work out. For anyone looking ahead into 2022, that should be enough to give pause. Most forecasters, including Bloomberg Economics, have Continue Reading
As the global economy heats up and tries to put the pandemic aside, a battle for the young and able has begun. With fast-track visas and promises of permanent residency, Continue Reading
On Monday, President Joe Biden signed the Infrastructure Investment and Jobs Act into law on the heels of months of debate in Congress. The $1 trillion bill includes hundreds of Continue Reading
As the global supply chain struggles from the aftershocks of the pandemic, spreading the suffering to nearly every industry, cyber criminals vultures are descending on the vulnerabilities to create more Continue Reading
Why the Fed Should Listen to Summers’ Inflation Warning Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast . Global inflationary pressures show Continue Reading
The energy transition is in full swing, with electric vehicles supplanting gas guzzlers and solar panels and wind turbines replacing coal and oil as the world’s leading energy sources. Scientists Continue Reading
The global economy’s comeback from last year’s deep contraction is approaching a delicate juncture, as policy makers and executives grapple with the bumpy transition from the post-pandemic reopening to a Continue Reading
Global steel production has declined for the fourth month in a row. The global energy crunch is forcing many producers to curb output. Metals producers across the globe are feeling Continue Reading
Almost a year into a global chip shortage, the problems are increasing for many customers as delays get even longer and sales are lost. Manuel Schoenfeld placed an order in Continue Reading
Supply chains, which account for 80 percent of the world’s total carbon emissions, would require as much as $100 trillion of investment if they are to become net-zero emission by Continue Reading
A customer shops for groceries at a Miami supermarket as rising consumer prices make many think of … [+] The growing energy crisis is causing rising prices for groceries, cars, Continue Reading
Energy is so hard to come by right now that some provinces in China are rationing electricity, Europeans are paying sky-high prices for liquefied natural gas, power plants in India Continue Reading
Supply Lines is a daily newsletter that tracks trade and supply chains disrupted by the pandemic. Sign up here . Visit Maryland, the proud crab capital of the U.S., and Continue Reading
The U.S. and European economies slowed in September as supply-chain bottlenecks and worries over the Delta variant weighed on businesses, adding to signs the global economy is experiencing a soft patch amid Continue Reading
Europe’s gas crisis is a warning that climate change is rapidly morphing from a faraway prospect for investors to direct input into asset allocation decisions. The transition away from the Continue Reading
The Biden administration is seeking more information from companies struggling with the global shortage of semiconductors, an effort designed to increase transparency in supply chains and ease bottlenecks. The request Continue Reading
Despite promises of improved infrastructure and better disaster preparedness, governments and energy giants are failing to provide backup energy provisions to areas hit hard by extreme weather conditions again and Continue Reading
Goldman Sachs Group Inc. economists revised down their forecast for growth in the U.S. economy this year, pointing to a “harder path” ahead for the American consumer than previously anticipated. Continue Reading
European energy prices might be at record levels, but there is still room for prices to run, according to a Bloomberg analysis. Of course, natural gas prices are soaring everywhere—not Continue Reading
Weak Jobs Data Is ‘One-Off Slowdown,’ BlackRock Says Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast . U.S. hiring limped ahead in Continue Reading
The U.S. economy created the fewest jobs in seven months in August as hiring in the leisure and hospitality sector stalled amid a resurgence in COVID-19 infections, which weighed on Continue Reading
The global shortage of computer chips is getting worse, forcing automakers to temporarily close factories including those that build popular pickup trucks. General Motors announced Thursday, Sept, 2, 2021 that Continue Reading
Aliaksandr Matsiash, a Belarusian exile, joined Lithuanian trucking group Baltic Transline in May. But after two weeks of training, followed by 13 weeks living in a truck-based in the Netherlands Continue Reading
The global supply chain crunch was meant to be temporary, but it looks like it will have a lasting impact into the next year . A supply chain crunch that Continue Reading
There was recently an attack on the Mercer Street vessel belonging to an Israeli billionaire, with Iran being blamed for the incident. These kinds of attacks have been happening since Continue Reading
For the insurance industry to fulfill its stated commitment to combat climate change, it may want to accelerate its efforts to exit the oil and gas industry . To date, Continue Reading
President Joe Biden introduced a plan for $50 billion in chip research earlier this year. The spike was good news for Chevron (CVX) and Exxon Mobil (XOM), which returned roughly Continue Reading
The global shortage of semiconductors will cut worldwide auto production by as many as 7.1 million vehicles this year, and pandemic-related supply disruptions will hobble the industry well into next Continue Reading
The global semiconductor shortage has finally started to bite at Toyota TM -4.09% Motor Corp., highlighting how a resurgence in Covid-19 infections from the Delta variant is now stifling chip manufacturing in Southeast Asia, worsening Continue Reading
The mining sector has been one of the biggest beneficiaries in the COVID-19 recovery. Several countries’ recovery packages have ignited demand for commodities like copper, iron ore and lithium. Given Continue Reading
The U.S. labor market charged ahead in July with the biggest increase in employment in nearly a year, highlighting optimism about the economy’s prospects even as coronavirus concerns resurface. Payrolls Continue Reading
The world economy likely returned to its pre-pandemic size in the spring, according to economists, marking an extraordinary comeback from the deepest global downturn in decades. But new variants of Continue Reading
General Motors will pause production at four of its North American automobile assembly plants for two weeks as the industry continues to be affected by the global shortage of semiconductor Continue Reading
What allows any type of energy to be sustainable? I would argue that one of the requirements for sustainability is adequate production of taxable revenue . Company managements depend upon Continue Reading
Since oil prices exceeded $70 per barrel earlier this year, analysts, economists, and central banks have been fretting about whether higher crude prices could disrupt the momentum in global economic Continue Reading
A top Federal Reserve official has warned the spread of the Delta coronavirus variant and low vaccination rates in some parts of the world pose a threat to the global Continue Reading
Four years ago, the UN declared plastic pollution a global crisis , decades after the discovery of the Great Pacific Garbage Patch –a collection of marine debris 2x the size Continue Reading
From abattoirs to restaurant kitchens, the U.K. food sector is facing a massive challenge this summer: there just aren’t enough workers. The food industry, already facing labor shortages because of Continue Reading
