Oil prices rise after Iran seizes oil tanker
The incident raises prospects of growing conflict in the Middle East, which could impact UK fuel prices.
The incident raises prospects of growing conflict in the Middle East, which could impact UK fuel prices.
In an interconnected world where businesses span continents and markets are as global as your local supermarket’s produce section, the supply chain is the unsung hero of our modern economy. However, recent years have shown that this complex web of logistics and commerce is more fragile than previously thought. Let’s dive into the tumultuous waves…
US President Joe Biden speaks about strengthening US ports and supply chains after the International Longshore and Warehouse Union and the Pacific Maritime Association finalized a new contract covering west coast ports, in the State Dining Room of the White House in Washington, DC, on September 6, 2023. Jim Watson | Afp | Getty Images…
Business & FinanceEconomy 14 December 2023, 4:50 am 1 minute Reuters was first to report that the U.S. Treasury Department’s Office of the Comptroller of the Currency (OCC) carried out its first climate risk assessment of more than two dozen banks in recent months, laying the groundwork for heightened scrutiny of Wall Street’s accounting for…
The United Auto Workers union announced Wednesday that its nearly four-week strike against the “Big Three” automakers was expanding to Ford’s truck plant in Kentucky. Roughly 8,700 union members work at the Louisville facility producing the company’s Super Duty trucks as well as the Ford Expedition and Lincoln Navigator SUVs. The walkout Wednesday marks the…
For travelers trying to reach their destinations during the storm-tossed holiday season last year, there was no problem identifying the Grinch who stole Christmas: It was Southwest Airlines. Southwest, it may be recalled, canceled or delayed more than 16,900 flights between Dec. 21 and Jan. 2, stranding more than 2 million passengers. The meltdown kept…
Updated Jan. 9, 2024 3:07 am ET GSK is buying biopharmaceutical company Aiolos Bio for up to $1.4 billion in a deal that expands its respiratory pipeline and follows a string of pharmaceutical majors buying fast-growing biotechs to restock their pipelines. The British pharmaceutical giant said Tuesday that the deal to buy San Francisco and…