Global logistics companies tell CNBC they have started the planning for a potential Trump win in November and the strategies that will be needed to mitigate any additional tariffs, with Mexico a key import gateway for any escalation in the trade war against China begun under Trump and continued during the Biden presidency. The planning … Read more
That is certainly the case in Yemen, on the south flank of the Arabian Peninsula, where the desert sands have a new look these days. Satellite images show around 100,000 solar panels glinting in the sun, surrounded by green fields. Hooked to water pumps, the panels provide free energy for farmers to pump out ancient … Read more
Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman al-Saud gesture upon his arrival at the 8th OPEC International Seminar in Vienna on July 5, 2023 Alex Halada | AFP | Getty Images Heavyweight oil producers Saudi Arabia and Russia will extend their voluntary crude supply cuts until the end of the second quarter. The … Read more
By Eliana Raszewski BUENOS AIRES (Reuters) – The government of Argentina’s libertarian President Javier Milei said on Monday a threat by oil-rich province Chubut to cut off gas and oil supplies amounted to “extortion” amid a brewing fight over tax disbursements to the Patagonian region. The conflict started late last week when the central government … Read more
India is one of the fastest growing economies, yet its supply chain system remains antiquated, operating much as it did decades ago. The logistics sector is highly fragmented, with a majority of small, regional operators lacking scale and efficiency. Regional truckers still rely on brokers and word-of-mouth to secure cargo, while severe truck shortages in … Read more
The oil market will face a supply shortage by the end of 2025 as the world fails to replace current crude reserves fast enough, Occidental CEO Vicki Hollub told CNBC on Monday. About 97% of the oil produced today was discovered in the 20th century, she said. The world has replaced less than 50% of … Read more
United States and Chinese officials will meet in Beijing on Tuesday, convening a working group designed to crack down on the flow of fentanyl and other synthetic drugs targeting U.S. users. It is the first such high-level meeting of U.S. and Chinese officials since a breakthrough agreement between President Biden and Chinese President Xi Jinping … Read more
Workers assemble mobile phones at a Dixon Technologies factory in Uttar Pradesh, India, on Thursday, Jan. 28, 2021. Bloomberg | Bloomberg | Getty Images U.S. firms are increasingly viewing China as a risky bet for their supply chains — neighbor India is set to benefit as companies look elsewhere to set shop. As many as … Read more
The beer industry should prove resilient through looming supply chain challenges that look set to impact some markets, the chief executive of Budweiser owner AB InBev said Friday. Beer has a “characteristic as a category that is incredible, which is beer is local,” Michel Doukeris told CNBC’s Arabile Gumede. AB InBev is the world’s biggest … Read more
BERLIN — Tesla says it’s temporarily halting most production at its German factory because of attacks in the Red Sea, a vital global shipping corridor. The electric vehicle maker said in a statement Thursday night that its factory near Berlin, which makes Model Y vehicles and batteries, will pause from Jan. 29 to Feb. 11. … Read more