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☆ The holiday spending outlook is sluggish across thousands of retailers: CNBC Supply Chain Survey
▼ + stars: | 2023-11-06 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +11 min

Photographer: Christopher Dilts/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesAs holiday shopping season begins, lack of big orders from retailers is the rule amid fears that consumer spending will be weak, according to a new CNBC Supply Chain Survey. At the CNBC Evolve Global Summit last Thursday, Target CEO Brian Cornell said the company is doubling down on its cautious outlook for the holiday season. The CNBC Supply Chain Survey was conducted October 21-October 31 among logistics executives who manage freight manufacturing orders and transportation, including those at C.H. Lunar New Year and order volumes The CNBC Supply Chain Survey underscores an overall climate of uncertainty that is defining the market right now. The freight trucking recession Trucking companies get paid per load, and the low expectations for orders imply potentially lower revenue this holiday season.

Persons: Christopher Dilts, Robinson, Noah Hoffman, Hoffman, Jeremy Barnum, Brian Cornell, Raj Subramaniam, restocking, Kuehne, Nagel, Paul Brashier, Tim Robertson, Robertson, Brian Bourke, Elmer Buchta, Jeff Bezos, Uber, Brashier, Berkshire Hathaway, Alan Baer Organizations: Bloomberg, Getty Images Bloomberg, Getty, CNBC Supply Chain Survey, North American Surface Transportation, CNBC, Global, FedEx, Chain Survey, SEKO Logistics, USA, ITS Logistics, Amazon, Maersk, Logistics, Convoy, Tank Transport, U.S ., Union Pacific, BNSF, Norfolk Southern, CSX Locations: Chicago , Illinois, C.H, U.S, China, United States, Montana, Indiana, Panama, West Coast, U.S . West Coast, Los Angeles, Berkshire, West, East Coast

☆ An Ohio-class submarine, possibly equipped with ballistic missiles, has arrived in the Mediterranean
▼ + stars: | 2023-11-06 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

CENTCOM on Sunday confirmed an Ohio-class submarine has traveled to the Mediterranean Sea. Ohio-class submarines can be equipped with advanced ballistic or Tomahawk missiles. AdvertisementAdvertisementAn Ohio-class submarine, a type of vessel which can be equipped with advanced ballistic or Tomahawk cruise missiles, has arrived in the Mediterranean as the US continues to bolster its defensive posture amid the Israel-Hamas war. Israel news outlet Ynet reported the submarine newly deployed in the region is the largest of the 14 ballistic submarines controlled by the US Navy and comes equipped with ballistic munitions. AdvertisementAdvertisementLast month, the Pentagon dispatched two US Navy carrier strike groups to the eastern Mediterranean — the USS Dwight D. Eisenhower Carrier Strike Group and the USS Gerald R. Ford Carrier Strike Group.

Persons: —, CENTCOM, Anthony Blinken, Mahmoud Abbas, Dwight D, Gerald R Organizations: Sunday, Red Seas, Service, Department of Defense, . Central Command, US Navy, State, Pentagon, Eisenhower Carrier Strike Group, Ford Carrier Strike Locations: Ohio, . Ohio, Suez, Egypt, Red, Israel, East, West, Central Asia, Jordan, Cyprus, Lebanon, Qatar, Gaza, Iran

☆ US says Ohio-class submarine has arrived in Middle East, a message of deterrence amid Israel-Hamas war
▼ + stars: | 2023-11-05 | by ( Oren Liebermann | Brad Lendon | ) edition.cnn.com time to read: +4 min

CNN —In a rare announcement, the US military said a guided missile submarine has arrived in the Middle East, a message of deterrence clearly directed at regional adversaries as the Biden administration tries to avoid a broader conflict amid the Israel-Hamas war. US Central Command said on social media Sunday that an Ohio-class submarine was entering its area of responsibility. The military rarely announces the movements or operations of its fleet of ballistic and guided missile subs. In April, the Navy announced that the USS Florida, one of the two East Coast-based SSGNs, was operating in the Middle East. The announcement of a guided missile sub in the region comes as US Secretary of State Antony Blinken has been holding a series of meetings with US partners in the Middle East.

Persons: ”, Carl Schuster, Antony Blinken, Blinken, Lloyd Austin, Yoav Gallant, Austin, Pat Ryder, ” CNN’s Haley Britzky, Will Mullery Organizations: CNN, Biden, US Central Command, US Navy, Pacific Command’s Joint Intelligence Center, Navy, West Bank, Defense, ”, Pentagon Locations: Israel, Ohio, Suez, Cairo, “, Florida, Libya, Iran, USS Florida, USS Michigan, South Korea, Turkey, Iraq, Jordan, Cyprus, Gaza, Syria, Iranian, ” Brig

☆ Fitch downgrades Egypt one notch deeper into junk territory
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +2 min

The downgrade reflects increased risks to Egypt's external financing, macroeconomic stability and the trajectory of already-high government debt, the rating agency said. The ratings agency said it expects Egypt to face a significant rise in external debt maturities in fiscal years ending June 2024 and June 2025, from that which ended in June 2023. The rating agency expects receipts from tourism, the Suez Canal and a recovery of remittances to help contain financing needs from larger imports. "Israel-Hamas war poses significant downside risks to tourism, although we build in some near-term hit," Fitch said. In October, fellow ratings agencies Moody's and Standard & Poor's (S&P) both downgraded Egypt's credit ratings by a notch.

Persons: Mohamed Abd El Ghany, Fitch, Vaibhav, Shailesh Organizations: REUTERS, Monetary Fund, Reuters, Thomson Locations: Cairo, Egypt, Egypt's, Suez, Gaza, Israel, Bengaluru

☆ BRICS countries could swing an 'economic wrecking ball' at dollar dominance even without a shared trade currency, former White House economist says
▼ + stars: | 2023-11-03 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

BRICS countries could swing an "economic wrecking ball" at the dollar, a former White House economist says. Such a currency could potentially topple the dollar from its perch atop global trade markets and as the dominant reserve currency. "The BRICS+ nations do not need to wait until a shared trade currency meets the technical conditions typical of global reserve currency before they swing their newly enlarged economic wrecking ball at the dollar," he added. "The BRICS+ states do not even necessarily need to have a shared trade currency to chip away at King Dollar's domain. Other economists argue though that the dollar's role as the world's top trading and reserve currency will likely continue for a long time.

Persons: —, Joe Sullivan, Sullivan, BRICS Organizations: White House, Service, White, Foreign, United, Treasury, King, Bank of International Settlements, International Monetary Fund Locations: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, United Arab Emirates, Suez, Brazil, China, Russia

☆ Panama Canal drought hits new crisis level with nearly half of vessel traffic targeted for cuts
▼ + stars: | 2023-11-03 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

PANAMA CITY, PANAMA - SEPTEMBER 22: The container ship Maersk Bogor is guided by a tugboat as it prepares to enter the Miraflores locks while transiting the Panama Canal on September 22, 2023 in Panama City, Panama. The Panama Canal Authority is continuing to restrict the number of vessels that pass through the Panama Canal locks as drought has caused water levels at Gatun Lake to drop. Over one hundred ships are waiting to transit the canal and the backup could delay goods heading to the United States for the holiday season. The Panama Canal is popular for East Coast trade because it is faster than other options. Traveling through the Panama Canal takes only 35 days.

Persons: Justin Sullivan, Adil Ashiq, Alan Baer, Baer, Jon Davis, Davis, Ashiq, Paul Brashier Organizations: PANAMA CITY, The Panama Canal, Port, CNBC Supply Chain, Panama Canal Authority, East, Panama Canal, MarineTraffic, USA, CNBC, U.S, ITS Logistics Locations: PANAMA, Bogor, Miraflores, Panama, Panama City, The Panama, Colon, Caribbean, United States, Cape Horn, South America, East, Charleston, El Nino, East Coast, Shenzhen, China, Miami , Florida, Suez, North America, U.S, West Coast, Asia, Gulf

☆ Storm Ciarán: At least six dead and several missing as torrential rain and strong winds lash Italy
▼ + stars: | 2023-11-03 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +3 min

Rome, Italy CNN —At least six people have died in Tuscany, according to the region’s president, after torrential rain and strong winds from Storm Ciarán swept northern and central Italy overnight Thursday. A man walks in the mud in Montemurlo, near Prato, after torrential rain hit the area, on November 3, 2023. It asked people to leave nearby areas and remove vehicles near river banks. Helicopters, land vehicles, water pumps, buses and also the Comsubin [submarine search vehicles] for search and rescue activities,” he said in a statement Friday morning. Storm Ciarán has pummeled parts of western Europe since Wednesday night with strong winds and torrential rain.

Persons: Storm Ciarán, Eugenio Giani, Giani, Federico Scoppa, Arno, Guido Crosetto, ”, Olivier Véran, Friederike Otto, CNN’s Laura Paddison, Pierre Bairin, James Frater, Delal Mawad, Eve Brennan Organizations: Italy CNN —, Storm, Getty, CNN, Defense, Armed Forces, Belgium —, Grantham Institute, Imperial College London Locations: Rome, Italy, Tuscany, Veneto, Prato, Florence, Montemurlo, AFP, Pontedera, Pisa, Milan, Como, Sardinia, Lazio, Europe, France, Belgium

NEW YORK (AP) — Robert De Niro’s former top executive assistant said she found it “creepy” when the actor insisted she scratch his back, an example of behavior she found controlling and abusive before she quit her job in 2019, she testified Friday at a New York civil trial. I lost my life. De Niro has asked a jury to award him $6 million on breach of loyalty and fiduciary duty grounds. Robinson portrayed De Niro in her testimony as sexist with his language toward female employees and discriminatory in how he paid them. “He was screaming about not being able to find some of the presents,” Robinson said.

Persons: — Robert De Niro’s, Graham Chase Robinson, De Niro, ”, “, hasn't, Robinson, Niro, Chase Robinson, Hunter ”, Martin Scorsese, ” Robinson Organizations: De, Canal Productions Locations: New York, Manhattan

☆ TJMaxx is quietly closing stores in New York and Chicago. Here are the confirmed locations.
▼ + stars: | 2023-11-02 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +2 min

TJ Maxx is closing two stores in New York and Chicago. Marshalls is closing a store in New York. The closures come as parent company TJX reassesses its real estate strategies. AdvertisementAdvertisementTJX, the parent company of TJ Maxx, Marshalls, and HomeGoods brands, is closing stores in Brooklyn, the Bronx, and Chicago. On Tuesday, Block Club Chicago reported that a TJ Maxx store in the South Loop neighborhood of Chicago would close on January 6th.

Persons: TJ Maxx, —, TJX, TJ, John Joseph Klinger Organizations: Marshalls, Service, TJX Companies, Bronx News, Bronx ., Block Club Chicago, TJ Maxx, Fulton Locations: New York, Chicago, Brooklyn, Bronx, Canal St, Chicago , Illinois, , Brooklyn , New York, Bronx , New York

De Niro, referenced mostly as “Bob” in court, has not returned to court since his testimony concluded Tuesday. Asked Thursday by her lawyer how common it was for De Niro to lash out angrily, Robinson remided the jury of that outburst. De Niro testified that he granted the title change at Robinson's request but her job duties didn't change. She said no, and also denied ever wanting to live with, marry or have a child with the actor. Once when she took a friend's daughter out for her 21st birthday, Robinson recalled, De Niro called her later that evening and asked her to bring him a martini from the restaurant.

Persons: —, Robert De Niro’s, Graham Chase Robinson, De Niro, Robinson, Niro, Bob ”, Chase Robinson, ” Robinson, Tiffany Chen, De Niro's, Chen, ”, “ Organizations: Canal Productions Locations: Manhattan

View of the Cobre Panama mine, of Canadian First Quantum Minerals, in Donoso, Panama, December 6, 2022. First Quantum on Tuesday reaffirmed its commitment to the rule of law with the objective of benefiting Panama. First Quantum and its local unit Minera Panama declined to comment further. A decision to cancel the Cobre Panama mine's contract could slow Panama's GDP growth from an anticipated 6% in 2023 to just 1% without the mine in operation on an annualized basis. The odds of Panama losing its investment-grade rating would rise significantly if the contract is revoked, J.P Morgan warned on Tuesday.

Persons: Laurentino, J.P Morgan, Adriana Linares, Jackie Przybylowski, Michael Camacho, Frank De Lima, Juan Diego Vasquez, Edison Broce, Divya Rajagopal, Valentine Hilaire, Elida Moreno, Steve Scherer, Denny Thomas, Rod Nickel Organizations: Minerals, REUTERS, Aris, Quantum Minerals, Panama, Canada's Global Affairs, Reuters, Bank of Montreal, Finance, Economy, Independent, Thomson Locations: Panama, Donoso, Vancouver, Canada, Toronto

☆ Israel's missile ships are joining US combat power in the Red Sea as more Iran-backed militants fire weapons its way
▼ + stars: | 2023-11-01 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Israel said it deployed missile ships to the Red Sea, where they'll join US Navy vessels in the area. AdvertisementAdvertisementAfter a series of attacks from Iran-backed militants, Israel has deployed several ships capable of launching missiles to the Red Sea, where they will join US Navy vessels already there. The IDF said "all aerial threats were intercepted outside of Israeli territory," with some of them downed by Israeli fighter jets around the Red Sea to the south. Israel Defense ForcesIsraeli Navy ship in the Red Sea. US Missile Defense AgencyThe Arleigh Burke-class guided-missile destroyer USS Carney (DDG 64) transits the Suez Canal, Oct. 18.

Persons: Israel, they'll, —, Yemen's, Carney, Arleigh Burke, we've, Pat Ryder, Aaron Lau, Hezbollah —, Lloyd Austin Organizations: US Navy, Service, Navy, Israel Defense Forces, US, IDF, Hamas, Israel Defense Forces Israeli Navy, IAF, Aerial Defense, Pentagon, Air Force, Interceptor, US Missile Defense Agency, Hezbollah, Islamic Revolutionary Guard Corps, U.S Locations: Yemen, Israel, Iran, Israeli, Israel's, Eilat, Red Sea, Red, Suez, Saudi, Tehran, Iraq, Syria

In Panama, a lack of water has hampered canal operations in recent years, and some shipping experts say vessels may soon have to avoid the canal altogether if the problem gets worse. Before the water problems, as many as 38 ships a day moved through the canal, which was built by the United States and remained under its control until 2000. The canal authority in July cut the average to 32 vessels, and later announced that the number would drop to 31 on Nov. 1. Further reductions could come if water levels remain low. The canal authority is also limiting how far a ship’s hull can go below the water, known as its draft, which significantly reduces the weight it can carry.

Persons: Panama’s Locations: Panama, El, United States

Panama's legislature first agreed a contract extension with Canadian mining company First Quantum and it's local subsidiary, Minera Panama, in March. Eight lawsuits were also filed with Panama's Supreme Court arguing it was unconstitutional. Critics warned using a new law to revoke the contract could leave the government liable to legal action from Minera Panama. Earlier in the day nurses marched to the Supreme Court building to demand judges prioritize the constitutionality lawsuits. The mine is “in the middle of a jungle,” according to Minera Panama’s own contractor, Jan De Nu Group.

Persons: —, Laurentino Cortizo, Cortizo, Minera, Jan De, El Organizations: PANAMA CITY, National Assembly, Minera, Mineral Resources, Panama's, Toronto Stock Exchange, Supreme Court, Jan De Nu, Global Forest Watch, El Nino Locations: PANAMA, Minera Panama, Colon, Panama

☆ Panama Canal to slash booking slots due to drought over coming months
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +2 min

Monrovia NSU CHALLENGER bulk carrier transits the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama April 19, 2023. REUTERS/Aris Martinez/File Photo Acquire Licensing RightsPANAMA CITY, Oct 31 (Reuters) - The Panama Canal, one of the world's main maritime trade routes, will further reduce daily ship crossings in the coming months due to a severe drought, the authorities managing the canal said late on Monday, increasing shipping costs. Booking slots will be cut to 25 per day starting Nov. 3 from an already reduced 31 per day, the Panama Canal Authority (ACP) said in a client advisory, and will be gradually reduced further over the next three months to 18 slots from Feb. 1. In recent months, the ACP has imposed various passage restrictions to conserve scarce water, including cutting vessel draft and daily passage authorizations. It also said delays for some gas transporters were at record highs in Panama, pushing up the cost of shipping liquefied gas from the U.S.

Persons: Aris Martinez, Eli Moreno, Brendan O'Boyle, Isabel Woodford, Josie Kao Organizations: Monrovia NSU CHALLENGER, REUTERS, PANAMA CITY, Panama Canal Authority, U.S . Energy, Administration, Thomson Locations: Cocoli, Panama, Panama City, PANAMA, Gatun Lake

Macurdy asked De Niro whether it was true that he sometimes urinated as he spoke with Robinson on the telephone. Sometimes, De Niro sounded like he wanted to leave the witness stand. He rejected Macurdy's suggestion that he sued Robinson before she sued him because he wanted publicity. It's the last thing I wanted to do,” De Niro said. De Niro, 80, has won two Oscars in a six-decade movie career that has featured memorable roles in films including “The Deer Hunter” and “Raging Bull."

Persons: Robert De Niro, Graham Chase Robinson, De, Andrew Macurdy, Robinson, De Niro, De Niro's, Niro, Macurdy, ” De Niro, “, —, ”, Chase Robinson, Judge Lewis J, Liman, ” “, ” Macurdy, Hunter ”, Martin Scorsese's Organizations: De, Canal Productions Locations: New York, Europe, California

☆ Shipping industry could lose $10 billion a year battling climate change by 2050
▼ + stars: | 2023-10-30 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +4 min

It is just the latest in a growing number of disruptions hitting the shipping industry as it battles the effects of climate change. A similar reduction in 2019 cost global shipping as much as $370 million, according to a study by RTI International. "We firmly believe that climate change poses a great threat to the shipping industry and the consumer overall. The impacts of climate change on ports alone, from damage to disruption, could cost the shipping industry up to $10 billion annually by 2050 and up to $25 billion per year by 2100, according to the RTI study, which was reviewed by the Environmental Defense Fund. Of all the transportation sectors, shipping is one of the most vulnerable to the effects of climate change.

Persons: Narin Phol, Phol, Hakan Agnevall, Agnevall, It's, it's, Erica Posse Organizations: U.S . Army Corps of Engineers, RTI International, Maersk, North, RTI, Environmental Defense Fund, Wartsila, Shipping, CNBC Locations: Mississippi, Vicksburg , Mississippi, Panama, Vancouver, Canada, North America, Paris

☆ Israel-Hamas war in Gaza: What is the history of the conflict?
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +7 min

[1/3]Smoke rises after Israeli strikes on the seaport of Gaza City, in Gaza, October 10. Two-state solution: An agreement that would create a state for the Palestinians in the West Bank and Gaza Strip alongside Israel. Israel has said a Palestinian state must be demilitarized so as not to threaten its security. Refugees: Today about 5.6 million Palestinian refugees - mainly descendants of those who fled in 1948 - live in Jordan, Lebanon, Syria, the Israeli-occupied West Bank and Gaza. Israel says any resettlement of Palestinian refugees must occur outside of its borders.

Persons: David Ben, Gurion, Israel, Yasser Arafat, Mohammed Salem, Yitzhak Rabin, Arafat, Bill Clinton, Ehud Barak, Donald Trump, Joe Biden, Trump, Edmund Blair, Stephen Farrell, Mark Heinrich Our Organizations: Israel, West Bank, Palestinian, REUTERS, Palestine Liberation Organization, Oslo Accords, Arab League, U.S, Reuters, Thomson Locations: Israel, kibbutzes, Gaza, East, British, Palestine, Jordan, Lebanon, Syria, East Jerusalem, U.S, Egypt, Suez, Golan, Lebanon's Iran, Gaza City, Oslo, Israeli, Arab, Palestinian, Washington, Saudi Arabia, Riyadh, Jerusalem

☆ Israel-Hamas war rocket attacks are leading oil tankers to make unusual moves near ports
▼ + stars: | 2023-10-30 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +6 min

Giant gantry cranes and tracks in a container port, viewed from a moored cruise ship in Ashdod, Israel. The moves to evade detection come as shipping lines are also being advised to wait further offshore with rocket attacks reported at the ports of Ashdod and Eilat in Israel. Israel has closed the Port of Ashkelon, the country's biggest oil-importing port, because of rocket attacks. "This suggests that container lines are avoiding the Port of Ashdod, and potentially relying more on the Port of Haifa instead," Woitzik said. The ports of Ashdod and Haifa are the key ports for food imports.

Persons: There's, Homayoun Falakshahi, Ambrey, Falakshahi, Port, Mirko Woitzik, Woitzik, majeure Organizations: Getty, AIS, Israel, CNBC, tanker Sea Galaxy, Port, ICL Group, ICL, Rockets, Army, Evergreen Locations: Ashdod, Israel, Eilat, Port, Port of Haifa, Ashkelon, Haifa, Kpler, Gaza, Suez, Aqaba

NEW YORK (AP) — Robert De Niro testified Monday in New York City at a trial resulting from a former personal assistant’s lawsuit accusing the actor of being an abusive boss. Robinson, who worked for De Niro between 2008 and 2019, was paid $300,000 annually before she quit as his vice president of production and finance. But when a lawyer for Robinson asked him if he considered her a conscientious employee, he scoffed. Repeatedly, Judge Lewis J. Liman explained the rules of testimony to De Niro and that there were limits to what he could say. “Can I ask a question?” De Niro asked in one exchange with Robinson's lawyer.

Persons: — Robert De Niro, De Niro, Oscar, Hunter ”, ”, Graham Chase Robinson, Robinson, “, Robinson's, Lewis J, Liman, ” De Niro, Tiffany Chen, Niro, Chen, De, Andrew Macurdy, Macurdy, ” De, Richard Schoenstein, countersued Robinson, Schoenstein Organizations: De, Canal Productions Locations: New York City, Manhattan, De Niro

That’s very different than how Google defines Flatbush:Prospect Park Holy Cross Cemetery Flatbush by google maps Flatbush by readers Prospect Park Holy Cross Cemetery Flatbush by google maps Flatbush by readersLet’s look closely at Brooklyn’s Prospect Heights, which has mostly sharp edges and one very blurry one:Sharp prospect heights Sharp blurry Sharp Prospect Park Sharp prospect heights Sharp blurry Sharp Prospect Park Crown heights Prospect Park Crown heights Prospect Park prospect heights ? Crown heights Prospect Park prospect heights ? Racial composition of Prospect Heights and Crown Heights residents, 2000-2022 80% 60 Black 40 White 20 2000 2022 80% Racial composition of Prospect Heights and Crown Heights residents, 2000-2022 60 Black 40 White 20 2000 2022 Source: Furman Center, N.Y.U. prospect heights Condo for sale crown heights Prospect Park prospect heights Condo for sale crown heights Prospect ParkStreetEasy lists the unit as being in Crown Heights. A local grocery store on Classon Avenue — two blocks east of Washington,prospect heights Key Food Prospect Heights crown heights Prospect Park prospect heights crown heights Key Food Prospect Heights Prospect Parkused to be called Gala Fresh Farms.

Persons: Van, Obeid, ”, It’s, who’s, New, Casey Berkovitz, Mr, ’ you’re, ‘, Yemen ’, ” Mr, ” Long, Robert Moses ’ Brooklyn, Red, “, ” Colson Whitehead, Readers, Fort Greene, Tubby, ., Red Hook, Hook, Whitehead, we’ll, Douglas Elliman, ” “, streeteasy, Xavier Santiago, it’s, Suleiman Osman, Rambo, Ross Perlin, Perlin, Sures, Yemen hasn’t Organizations: Kennedy, Google, Bronx Zoo, East Harlem —, Carnegie, Brooklyn, New York Times, Times, Richmond Hill, city’s, Department, Bronx . The Bronx Muslim, Bushwick :, Stuyvesant Bushwick, Powell, soho tribeca, New York Public, Queens Expressway, Yorkers, steinway, Queens, Navy, Waterfront District, Fort, Brooklyn - Queens, Yorker, Bushwick, Jersey Silver, Park New Jersey Silver, Prospect, White, Furman Center, Sterling, East, Manhattan’s, brooklyn South brooklyn South brooklyn South brooklyn, Liberty Loan, Carroll Gardens, “, brooklyn ”, Language Alliance, East Harlem, Washington Locations: New York City, Bronx, Morris, New York, Little Yemen, Manhattan, East, Sugar, Clinton, Rose, Richmond, Todt, Lenox, Forest, Cypress Hills, Murray, Yemen, “, Brooklyn, Bushwick, Bushwick : Bushwick Bedford, Stuyvesant Bushwick Bedford, Stuyvesant, Windsor Terrace, windsor, Green, kensington, Queens, Point, Flushing, Powell, Lower Manhattan, TriBeCa, SoHo, Houston, soho, Hudson, Lispenard, Queens Expressway Brooklyn, Astoria, Woodside, Jackson Heights, astoria, sunnyside Brooklyn, Dumbo, Columbia, Red Hook, williamsburg, columbia, carroll, Red, Fort Greene Park Brooklyn, Queens Expressway columbia, Williamsburg, greenpoint East, Queens Expressway williamsburg, greenpoint East River williamsburg Brooklyn, East Williamsburg, ”, BoCoCa, Hamilton Heights, Greenwood Heights, Hudson Heights, Lincoln, Bridges, Carnegie Hill, Manhattan Valley, SpaHa, Village, Bedford, Kingsbridge, Riverdale, Fort, Inwood, Inwood washington, chelsea, greenpoint tribeca williamsburg ridgewood kew, brooklyn, bushwick, Soho ridgewood kew, Sheepshead, Shore, Staten Island, Jersey, Park New Jersey, Flatbush, Prospect, Prospect Heights , Brooklyn, Heights , Brooklyn, Prospect Heights, Crown, Washington, Classon, Crown Heights, Side, East Harlem, harlem, Harlem, Central, streeteasy, carnegie, South Brooklyn, Carroll, Revolutionary, Boerum, Cobble, South Bronx, Spanish Harlem, South Harlem, Lower, Loíza, Puerto Rico, Language, Barrio, Puerto Rican, Hispaniola, Dominican, Washington Heights

☆ Talks Set to Resume in St. Lawrence Seaway Strike
▼ + stars: | 2023-10-26 | by ( Robb M. Stewart | ) www.wsj.com time to read: 1 min

A tugboat pushes a barge through the Welland Canal near Port Colborne, Ontario. The Welland Canal is part of the St. Lawrence Seaway. Photo: James MacDonald/Bloomberg NewsThe Canadian company responsible for managing the key St. Lawrence Seaway will resume negotiations later this week in an effort to end a strike that has shut the trade route that connects the Great Lakes with the Atlantic Ocean. St. Lawrence Seaway Management said talks with trade union Unifor are set for Friday morning. Negotiations over a wage deal broke down over the weekend and about 360 workers who operate lock systems, bridges and other infrastructure along the Canadian side of the seaway walked off the job just after midnight Sunday.

Persons: James MacDonald Organizations: Lawrence Seaway, Bloomberg, The Canadian, Lawrence Seaway Management, seaway Locations: Welland, Port Colborne , Ontario, St, Lawrence

The strike has shut down 13 locks between Lake Erie and Montreal, bottling up ships in the Great Lakes and preventing more ships from coming in. It’s the first time that a strike has shut down the vital shipping artery since 1968. A U.S. Navy warship, the littoral combat ship USS Marinette, was supposed to leave Cleveland on Lake Erie on Monday, but remains stuck. Shipments within the four Great Lakes from Superior to Erie such as iron ore and coal can still go through. MarineTraffic.com showed that it was headed into Lake Erie, but it can go no farther without a resolution.

Persons: ”, Jason Card, “, Unifor, It's, MarineTraffic.com, —, John Jamian, ” Jamian, Isadora, There’s, Jason Hron, ” Hron Organizations: Lawrence Seaway, Lawrence Seaway Management Corp, Ships, “ lakers, Canadian, Seaway, binational Chamber of Marine Commerce, Officials, Management, seaway, — salties, lakers, U.S . Navy, Port, Duluth Seaway Port Authority Locations: MINNEAPOLIS, St, Lawrence, Canada, United States, Ontario, Quebec, Unifor, Lake Erie, Montreal, Great, The St, Lake Superior, Minnesota, Wisconsin, Ottawa, Welland, U.S, Marinette, Cleveland, Thunder Bay , Ontario, Superior, Detroit, Lakes Huron, Erie, Port of Detroit, Europe, She’s, Twin Ports, Duluth , Minnesota, Superior , Wisconsin, Cyprus, Algeria, Duluth Seaway, Lakes

☆ Economists fear major disruption if the Israel-Hamas conflict is not contained
▼ + stars: | 2023-10-25 | by ( Elliot Smith | ) www.cnbc.com time to read: +7 min

ReutersAny possible escalation of the Israel-Hamas war poses a major risk to the global economy, driving up energy prices and disrupting key trade routes, economists have warned. Israel's subsequent bombardment of Gaza in a bid to eliminate Hamas has increased the risk of a spillover to the wider Middle East region. The events in recent days have deepened the greatest fear among economists, that the conflict engulfs the region and begins to pose a long-term threat to global energy and trade infrastructure. Back then oil prices gained 30% in a matter of two weeks before settling at around 15% above pre-war levels," said J. Safra Sarasin Equity Strategist Wolf von Rotberg. "You choke off those points and you create major disruption not just to oil prices, but the whole supply chain of the world for energy and other goods as well."

Persons: Israel's, Isaac Herzog, Pat Thaker, Thaker, Brent, J . Safra Sarasin, J, Wolf von Rotberg, Elijah Oliveros, Rosen, Oliveros, Paul Gruenwald, Gruenwald Organizations: Hamas, Reuters, Palestinian, Lebanese, Hezbollah, Economist Intelligence Unit, CNBC, Fed, ECB, West Texas, J ., Safra Sarasin Equity Locations: Israel, Palestinian, Gaza, Lebanon, East, Africa, Saudi, Ukraine, Europe, Iran, Tehran, Saudi Arabia, Suez, Persian, Hormuz, U.S, Chile, Turkey, Thailand, Philippines, India, Egypt

☆ Viaplay shares fall 18% after company seeks recapitalisation, postpones results
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +2 min

OSLO, Oct 24 (Reuters) - Shares in Swedish streaming company Viaplay (VPLAYb.ST) fell 18% on Tuesday after the company said it is in talks with three major shareholders as well as lenders and bondholders on a recapitalisation, and is in discussions to sell non-core operations. Viaplay said late on Monday that due to the talks, it would postpone its third-quarter earnings report to no later than Nov. 29, rather than the original plan of reporting on Tuesday. The company's shares hit an all-time low of 22.72 Swedish crowns on Tuesday, down 88% year-to-date. Viaplay did not name the shareholders, lenders and bondholders involved in the talks. Reporting by Terje Solsvik and Marta Frąckowiak Editing by Bill Berkrot and Susan FentonOur Standards: The Thomson Reuters Trust Principles.

Persons: Viaplay, Kepler, Kristoffer Carleskar, Jorgen Madsen Lindemann, Terje Solsvik, Marta Frąckowiak, Bill Berkrot, Susan Fenton Organizations: Thomson Locations: OSLO, Viaplay

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