GE shares slump as worsening supply chain, inflationary woes pressure profit

A traffic light is seen in front of a logo of General Electric at the company’s plant in Birr, Switzerland June 17, 2019. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register April 26 (Reuters) – General Electric Co (GE.N) on Tuesday said fresh COVID-19 pandemic-related lockdowns in China as well as … Read more

Shares fragile, dollar soars on growth scare and Fed bets

World shares steady, earnings prop up Europe, US futures dip China stocks fall further as Beijing races to battle COVID Dollar hits fresh 2-year peak on China COVID fears, Fed bets Yuan above 1-year low after PBOC cuts FX reserve ratio Graphic: Global asset performance MILAN, April 26 (Reuters) – World shares steadied on Tuesday … Read more

Analysis: US trucking downturn foreshadows possible economic gloom

April 25 (Reuters) – Craig Fuller monitors millions of transactions between US truckers and their customers as chief executive of transportation data company FreightWaves – and he does not like what he is seeing. There has been an unexpectedly sharp downturn in demand to truck everything from food to furniture since the beginning of March … Read more

Thousands of farmers stage anti-tax protest in Argentina capital

BUENOS AIRES, April 23 (Reuters) – Thousands of Argentine farmers protested in Buenos Aires on Saturday against President Alberto Fernandez, whose policies to contain food prices to curb rampant inflation have been criticized by the agricultural sector. Argentina is one of the world’s top food exporters and the sector is key to Latin America’s third-largest … Read more

US Postal Service chief warns of inflation impact

WASHINGTON, April 22 (Reuters) – US Postmaster General Louis DeJoy says the agency is dealing with significant inflation costs as it works to stem losses, acknowledging higher costs will put further pressure on stamp prices. DeJoy told Reuters in a 90-minute interview late on Wednesday the US Postal Service (USPS) is feeling the impact of … Read more

Big business joins forces to bridge Germany’s growing skills gap

BERLIN, April 22 (Reuters) – Germany’s industrial heavyweights are teaming up to retrain workers in areas such as software and logistics to fill a growing skills gap and avoid layoffs among workers of all ages as the economy shifts to clean energy and online shopping. More than 36 major companies, ranging from auto suppliers such … Read more

Tunisia, others seek to limit damage after ship sinks carrying fuel

TUNIS, April 17 (Reuters) – Tunisia will work with other countries that have offered to help it to prevent environmental damage after a merchant ship carrying up to one thousand tonnes of oil sank in Tunisian waters, the defense ministry said on Sunday. The ship was heading from Equatorial Guinea to Malta when it sank … Read more

China data to show sharp March deterioration as COVID bites, but solid Q1 growth

Workers watch as a crane lifts a structure at a construction site in Shanghai, China January 14, 2022. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register China Q1 GDP growth seen at 4.4%, vs Q4’s 4.0% March data likely deteriorated sharply on COVID lockdowns, April expected to be worse Q1 GDP, March … Read more

Ukrainian Railways limit exports of some food staples, consultancy says

Ears of wheat are seen in a field near the village of Hrebeni in Kyiv region, Ukraine July 17, 2020. Picture taken July 17, 2020. REUTERS/Valentyn Ogirenko/File Photo Register now for FREE unlimited access to Reuters.com Register KYIV, April 16 (Reuters) – Ukraine’s state-owned railway company has temporarily restricted the transportation of some agricultural goods … Read more

Ukraine says grain on ships in blocked Black Sea ports may deteriorate

A cargo ship is docked in the Black sea port of Odessa, Ukraine, November 4, 2016. REUTERS/Valentyn Ogirenko/File Photo Register now for FREE unlimited access to Reuters.com Register KYIV, April 15 (Reuters) – Around 1.25 million tonnes of grains and oilseeds are still on commercial vessels blocked in Ukrainian seaports due to Russia’s invasion and … Read more