Boeing and Delta are at odds over a federal export-import institution. The 80-year old trade agreement, which could soon come to an end, essentially provides guaranteed loans and other incentives to foreign buyers in order to help U.S. companies sell their products. Read on to learn how Delta is fighting back and why Boeing may…
Bad news for Russia all around as Standard & Poor’s downgrades the country’s credit rating to near junk. The Russian economy has not been growing at a rate that would suggest the country will dust itself off from the rating anytime soon.
For years, companies in the U.S. have found it cheaper and more efficient to manufacture goods in China, which helped make China the world’s second-largest economy. This, however, also decreased manufacturing gains in America. In 2014, experts have seen a steady reversal, causing China’s economy to struggle. Conversely, the economic landscape in America is finally…
The cost of coffee, including by-the-cup and grocery store bag sales, is expected to rise in cities all over the world due to a coffee manufacturing shortage related to drought in Brazil, exporter of one-third of the world’s coffee supply.
The Port of Los Angeles, California saw almost double the number of container shipments in March. What’s the reason for this 34 percent increase that resulted in 503,168 container units? Read on to find out what natural events and market changes prompted the recent increase.
Gothenburg, Sweden announced its latest plans to abolish the six-hour workday. According to a report by the Atlantic, “The governing coalition has proposed a year-long trial that would divide some municipal workers into a test and control group at the same pay rate, with the test group working six-hour days and the control group working…
Using locally sourced food has become increasingly popular among foodies, home cooks, and restaurants, thanks in part to Chipotle. The restaurant relies on locally sourced meat and produce. It goes to great lengths to improve local economies, cut down on energy, and make sustainable choices.
It was recently discovered that a GlaxoSmithKline pharmaceutical plant located in Ireland, held contaminated drug ingredients that possibly affected supplies of weight-loss drugs shipped to the United States and Puerto Rico. The supplies have since been recalled; however, according to Reuters, officials believe the plant didn’t act fast enough for proper safety precautions.
The high-end electric carmaker, Tesla, plans to source raw materials for its battery Gigafactory solely from North America to expedite manufacturing and reduce environmental impact. This is a bold move for the automaker, and one that could prompt other producers and suppliers to rethink their strategy. Read on for more on Tesla’s environmental green light…
According to a recent report by Reuters, “Drugmaker GlaxoSmithKline plans to invest up to 130 million pounds ($216 million) in Africa over the next five years as chronic diseases become more common among the continent’s swelling urban middle classes.”