Browsing: supply chain

MENA Newswire, SEATTLE: Amazon is cutting about 16,000 corporate roles worldwide, marking its largest round of layoffs since 2023 and extending a broader…

Semiconductor companies face U.S. tariffs unless they shift production to American soil, Trump announced at a tech executive dinner.

Best Buy Q2 revenue hit $9.44B, beating forecasts, with gains in online and global sales, while the retailer maintained its full-year guidance.

Poland may lose $2.16 billion due to new US tariffs on EU goods, with key sectors like manufacturing and agriculture expected to suffer the greatest impact.

Apple will source rare earth magnets from MP Materials in Texas, advancing US manufacturing and recycling efforts to meet growing technology demand.

Los Angeles port reported record June container volumes as importers rushed to stock up ahead of new tariffs, highlighting ongoing trade policy uncertainty.

Modi and Trump advance trade talks aiming for a $500B partnership by 2030, focusing on tariffs, energy, defense, and AI, with Musk exploring Tesla and Starlink expansion in India.

Trump’s 25% tariffs on Canada and Mexico could drive up prices for gas, groceries, and cars, with experts warning of economic fallout and potential supply chain disruptions.

Egg prices have surged to over $9 per dozen due to avian flu outbreaks, culling millions of hens and creating supply shortages that experts warn may persist into late 2025.

FedEx announces plans to spin off FedEx Freight into a new public company within 18 months, creating North America’s largest LTL carrier and boosting operational efficiency.