Warns
World’s biggest car shipper warns charter rates will come down
HIGH global charter shipping rates buoyed by record exports of electric vehicles from China may not last, the head of the world’s larger autoliner said, amid geopolitical moves to...
SM Teo warns businesses about ‘just-in-case’ costs amid climate change, supply chain glitches
Separately, Temasek chief urges Asean to tap opportunities in the green economy and IndiaCOMPANIES may have to contend with “just-in-case” costs while building resilience against global challenges, which range...
Cocoa declines as Lindt warns of global chocolate slowdown
COCOA fell in New York, paring some of Monday’s (Jul 22) big gain, as chocolate maker Lindt & Spruengli warned that the global chocolate market is facing pressure from...
Porsche lowers 2024 outlook, warns of impairments on alloy shortage
PORSCHE on Tuesday lowered its sales forecast for the year and warned of impairments in production spurred by a supply shortage of aluminum alloys impacting various suppliers.The automaker said...
Global efforts to curb financial risks outside banks are losing momentum, FSB warns
GLOBAL efforts to tame ballooning risks outside the banking system are losing steam, the Financial Stability Board (FSB) said on Monday (Jul 22), with a top official warning it...
Nvidia creating ‘huge bottleneck’ in AI chip supply, EU’s competition chief warns
EUROPEAN Union competition chief Margrethe Vestager warned of a “huge bottleneck” in Nvidia AI chips supply, but said watchdogs are still making up their minds about what, if anything...
US FDA warns website over unlawful sale of weight-loss drugs
THE US Food and Drug Administration said on Tuesday (Jul 2) it had warned a website called ozempen.com against unlawfully selling versions of Novo Nordisk’s weight-loss drugs.
Surging demand has...
Tata Steel warns UK furnace shutdown may start earlier than planned
TATA Steel could take steps to pause or stop some blast furnace operations earlier than planned at its plant in Port Talbot, Wales, while it challenges the legal basis...
