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In 2015, Davidson settled down in Panama City, working as a technical support manager. He met his wife in Panama, and the two bought a $150,000 home and now raise their children in the capital. Beaches near Coronado, Panama City. Living for cheaper in Central AmericaHe met his wife in Panama, and they had two children. Mac DavidsonHe said average home prices in Panama City are often half what he saw in Manitoba's cities, which were about $400,000 when he checked earlier this year.
Persons: Mac Davidson, Davidson, , It's, Panama Davidson, he's, He's Organizations: Service, University of Manitoba, Friendly Nations, Nissan Locations: Canada, Panama, Manitoba, Panama City, Coronado , Panama City, Florida, American, Central America, Ancon, Manitoba's, Vancouver, North America
AdvertisementOn July 14, 2022, Kelle Sparta and her husband, Jeff Brandon, set foot in Boquete, Panama, for the first time. AdvertisementIn 2018, the couple moved to Richmond, Virginia, from Boston. Boquete, Panama. Kelle SpartaIn 2022, the couple moved sight unseenIn the summer of 2022, the couple arrived in Boquete with six suitcases and their dog. Sparta and Brandon moved into a temporary Airbnb while looking for a permanent home.
Persons: Kelle Sparta, Jeff Brandon, , she's, lockdowns, Brandon didn't, Brandon, divisiveness, Monica Humphries, Sparta, they're, I'm Organizations: Kelle, Service, Business, Sparta, Friendly Nations, MIT Locations: Boquete, Panama, Sparta, Brandon, Richmond , Virginia, Boston, Virginia, Europe, Portugal, Valencia, Spain, Kelle Sparta, Panamanian
Read previewVladimir Putin's claims that Russia's economy is doing just fine may soon be hard to back up. That's mainly because Russia is losing two things its economy desperately needs, he told Business Insider — a robust energy trade and a steady flow of US dollars. Moscow's economy is extremely dependent on petrodollars, or dollars obtained through the oil and gas trade, Gorodnichenko said. AdvertisementThat could put Russia's economy on the fast track to a recession in the next 12 months, Gorodnichenko predicted. Withering energy empireThe energy trade is Russia's biggest money maker.
Persons: , Vladimir Putin's, Yuriy Gorodnichenko, Gorodnichenko, Putin, Gorodnichkeno Organizations: Service, UC Berkeley, Business, Kremlin, Bank for International Settlements, Soviet Union Locations: Russia, Ukraine, Soviet, Soviet Union, China
Australian Treasurer Jim Chalmers has ordered several China-linked investors to dispose of shares in rare earths miner Northern Minerals on national interest grounds, a spokesperson said on Monday. Northern Minerals is developing the Browns Range heavy rare earths project in Western Australia, at a time when the sector has become increasingly strategic for its uses in green energy and defence. Yuxiao Fund is the Singapore-registered private investment vehicle of Chinese national Wu Yuxiao, Reuters has previously reported. "The decision, based on advice from the Foreign Investment Review Board, is designed to protect our national interest and ensure compliance with our foreign investment framework." Chinese Foreign Minister Wang Yi said on a visit in March that he hoped Australia would ensure its market environment did not discriminate against Chinese business.
Persons: Jim Chalmers, Chalmers, Yuxiao, Wu Yuxiao, Adam Handley, Wu Tao, Ximei Liu, Xi Wang, Nick Curtis, Curtis, Premier Li Qiang, Wang Yi Organizations: Minerals, Northern Minerals, Browns, Sunday, Reuters, Investment, Board, Jinan Yuxiao Group, Stone Resources, Foreign Investment, China, Northern, Premier Locations: China, Western Australia, Yuxiao, Singapore, Jinan, Northern, Australia, Canberra, Beijing
The conversation will also take place with both leaders under enormous domestic pressure and amid signs their political priorities are irreconcilable. Biden badly needs the war to end to ease anger among progressives that is threatening his weakened political coalition ahead of November’s election. The backdrop to the call is US fury over the killings of seven aid workers from World Central Kitchen in an Israeli strike in Gaza. And the killings of the aid workers threatens to halt a vital lifeline needed to mitigate famine in the Hamas-run Gaza Strip. The strike on Damascus also heaped more domestic political pressure on Biden from inside the Democratic Party.
Persons: Joe Biden’s, Benjamin Netanyahu, , Biden, Netanyahu, It’s, Xi Jinping, Biden’s, , Israel, John Kirby, José Andrés, , Rishi Sunak, Donald Trump, Thaer Ahmad, Nahreen Ahmed, , Biden “, Benny Gantz, Ro Khanna, Mark Esper, ” Esper, CNN’s Jake Tapper, Netanyahu – Organizations: CNN, Israeli, National Security Communications, Hamas, World, Reuters, Navy, America, Gaza Health Ministry, Israel Defense Forces, Republicans, Capitol, British, Democratic, White, Black, Islamic Revolutionary Guard Corps, Democratic Party, , Democrats, California Democrat, Americans, Iranian Locations: Gaza, Israel, Rafah, Washington, Syria, China, America, Britain, Australia, Canada, Wisconsin, Michigan, Palestinian American, Palestine, Damascus, Iran, Iraq, Yemen, Iranian, Damascus –, United States, Lebanon, California, Jordan
And if Biden is not careful, America’s global standing will plummet right along with Israel’s. I don’t think Israelis or the Biden administration fully appreciate the rage that is bubbling up around the world, fueled by social media and TV footage, over the deaths of so many thousands of Palestinian civilians, particularly children, with U.S.-supplied weapons in Israel’s war in Gaza. Hamas has much to answer for in triggering this human tragedy, but Israel and the U.S. are seen as driving events now and getting most of the blame. That such anger is boiling over in the Arab world is obvious, but I heard it over and over again in conversations in India during the past week — from friends, business leaders, an official and journalists both young and old. That many civilian deaths in a relatively short war would be problematic in any context.
Persons: I’ve, Biden, Narendra Modi, , Benjamin Netanyahu Organizations: Biden, U.S, Israel, West Bank Locations: New Delhi, Dubai, Amman, Gaza, Hamas, Israel, U.S, India
Many worry that a second term for Trump would be an earthquake, but tremors already abound — and concerns are rising that the U.S. could grow less dependable regardless of who wins. Photos You Should See View All 21 ImagesBiden, in contrast, has made support for Ukraine a key priority and moral imperative. But many of America's European NATO allies are worried that with or without Trump, the U.S. is becoming less reliable. German Chancellor Olaf Scholz said he was “currently on the phone a lot with my colleagues and asking them to do more” to support Ukraine. Dalton, a former U.K. ambassador to Iran, said prospects for the Middle East would be “slightly worse” under Trump than Biden.
Persons: Joe Biden, Donald Trump, Emmanuel Macron’s, Trump, Germany’s Angela Merkel, Britain’s Theresa May, Recep Tayyip Erdogan, Vladimir Putin, Viktor Orbán “, , Biden, Richard Dalton, Olaf Scholz, , Scholz, Macron, ” Macron, Boris Johnson, ” Johnson, Putin, Johnson, ” Bronwen Maddox, ” Trump, hasn't, , Dalton, implore Biden, Itamar Ben, Israel, Turkey’s Erdogan, Sergey Lavrov, George W, Zhao Minghao, ” “, Jiwon, Kirsten Grieshaber, Dasha, Suzan Fraser, Nomaan Merchant Organizations: U.S, Trump, NATO, Congressional Republicans, Centre, Politics, University College London, Mail, Associated Press, Hamas, White, Russian, CBS, Biden, Fudan University Locations: U.S, gridlock, Congress, Ukraine, Europe, United States, British, German, Germany, ” Russia, China, Iran, North Korea, Russia, Tehran, Dalton, Israel, Gaza, Turkey, Shanghai, Seoul, South Korea, Berlin, Dasha Litvinova, Tallinn, Estonia, Ankara, Washington
TOKYO (AP) — Japan signed a deal with the United States on Thursday to purchase up to 400 Tomahawk cruise missiles as part of its ongoing military buildup in response to increased regional threats. In November, the U.S. approved a $2.35 billion sale of two types of Tomahawks — 200 Block IV missiles and 200 upgraded Block V versions. Political Cartoons View All 253 ImagesJapan and the United States agreed to expedite the deployment “in response to the increasingly severe security environment,” Kihara said. The government quickly approved a shipment of Japanese-made Patriot missiles to the United States to complement the U.S. inventory. “There is a new Japan emerging, a more competent Japan,” he said.
Persons: Fumio, spender, Minoru Kihara, Japan Rahm Emanuel, ” Kihara, Emanuel, Japan's, Organizations: TOKYO, , China . Defense, U.S, Kihara, United, Japan’s, Locations: — Japan, United States, Japan, China, North Korea, Australia, Britain, Tokyo, South Korea, U.S
They argue that geopolitical tensions between the West and China risk the reliable supply of rare earth minerals. Aclara's Barua said that Western supply of rare earth elements will not develop if it depends on Chinese prices. "The price of any metal (rare earth or otherwise) that is coming from China or from western countries has the same pricing, so why should rare earth pricing be different?" The discussion on pricing has come up often in the Rare Earth Industry Association, said Veluri, who is also the president of the global organization with partners representing the whole rare earth value chain. "But for things like cobalt, copper, or rare earth metals there is a good strategic play to find with a mining partner."
Persons: Ramon Barua, Aclara's Barua, Veluri, Australia's, Tim Harrison, Harrison, Flavio Volpe, Volpe, Divya Rajagopal, Denny Thomas, Marguerita Choy Organizations: TORONTO, Reuters, Aclara, Earth Industry Association, Companies, Automotive Parts Manufacturers Association, Thomson Locations: China, Chile, West, Beijing, Badrinath, Denmark, Vietnam, Malaysia, Myanmar
New York CNN —A pair of Republicans leading powerful House committees are calling for the Department of Veterans Affairs to speed up efforts to decrease the agency’s reliance on China for medical supplies, CNN has learned. The Covid-19 pandemic laid bare a dangerous vulnerability in America’s medical supply chains that resulted in shortages of masks, respirators and other life-saving gear. “The COVID-19 pandemic exposed the national security and public health risks of failing to guarantee adequate medical supplies. As the biggest buyer of medical supplies among federal agencies, it has considerable influence. Congress has attempted to take steps to boost the resilience of the nation’s medical supply chain by easing dependence on goods from less friendly nations like China.
Persons: Mike Gallagher, Mike Bost, Denis McDonough, Bost, Gallagher, , ” Terrence Hayes, Joe Biden, Health Richard Stone, ” Bost, McDonough, Democratic Sen, Tom Carper, Republican Sen, Thom Tillis, Organizations: New, New York CNN, Department of Veterans Affairs, CNN, Veterans ’, Chinese Communist Party, CCP, Department of Veteran Affairs, Defense Department, Department of Homeland Security, Department of Health, Human Services, Republicans, Health, World Trade Organization, Congress, Democratic, Republican Locations: New York, China, United States, America, Covid, Mexico, Malaysia
CNN —Sensitive personal information like the apparent home addresses and health conditions of thousands of active-duty US military personnel can be bought cheaply online from so-called data brokers, according to a study published Monday by Duke University researchers. The researchers could shop for data on servicemembers based on geolocation, including whether they lived or work near Fort Bragg, Quantico or other sensitive military locations. The Federal Trade Commission is currently considering new regulations to crack down on data brokers. “However, we have repeatedly raised concerns about the practices of data brokers and their potential impact on consumer privacy. The Pentagon and US intelligence community have long been concerned about how foreign spies might exploit the market for personal data on Americans.
Persons: Scammers, , Justin Sherman, ” Sherman, Ron Wyden, , ” Wyden Organizations: CNN, Duke University, Duke’s Sanford School of Public Policy, Social, Consumer Financial, Bureau, Federal Trade Commission, Fair, Oregon Democrat, Department of Defense’s, Pentagon Locations: Fort Bragg, Quantico, Oregon, United States
WASHINGTON (AP) — President Joe Biden is gathering leaders from countries across the Americas on Friday in the U.S. capital to discuss the tightening of supply chains and addressing migration issues. Kirby said the summit would also involve the “shared migration challenge” and the building of “meaningful economic opportunity” among the countries in the region. Political Cartoons View All 1233 ImagesBy contrast, the U.S. imported $562.9 billion worth of goods and services from China last year. Treasury Secretary Janet Yellen outlined the Biden administration's goals in a Thursday speech at the Inter-American Development Bank. The Inter-American Development Bank, which is the biggest multilateral lender to Latin America, would support new projects through grants, lending and new programs.
Persons: Joe Biden, John Kirby, Kirby, Biden, Janet Yellen, Yellen Organizations: WASHINGTON, Economic Prosperity, , White, National Security, Western, U.S . Trade, Biden, Inter, American Development Bank, The Locations: Americas, U.S, Los Angeles, United States, China, Canada, Mexico, The U.S, America, Caribbean, South America
WASHINGTON (AP) — Treasury Secretary Janet Yellen wants Latin America to trade more with the United States as part of an initiative that so far has failed to disrupt China’s dominance in global manufacturing. The Inter-American Development Bank, which is the biggest multilateral lender to Latin America, would support new projects through grants, lending and new programs. But if you’re not involved, this opens the door for anybody” to invest in Latin America. Latin America will be a region of increased focus in the next year, as Brazil takes the presidency of the Group of 20 international forum. A Treasury official told the AP that Yellen will be traveling frequently to South America and Latin America over the next year, due to Brazil's G-20 presidency.
Persons: Janet Yellen, Yellen, ” Yellen, Ilan Goldfajn, you’re, Organizations: WASHINGTON, , Inter, American Development Bank, Partnership, Economic Prosperity, , White, , Boston University Global Development, El, Associated Press, Treasury Department, Treasury, AP Locations: America, United States, U.S, Caribbean, Peru, Chile, Ecuador, Uruguay, Dominican Republic, Costa Rica, China, South America, American, Honduras, Taiwan, El Salvador, Nicaragua, Panama, Brazil, Latin America
A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023. If finalized, the rule would require financial firms to report information about transactions that they suspect involve crypto mixers, which are anonymized software tools that allow users to conceal the source or owner of digital assets. * On Wednesday, the Biden administration issued sanctions to disrupt Hamas' funding, which included a Gaza-based crypto exchange. * The U.S. last year imposed sanctions on crypto mixers Tornado Cash and Blender. Reporting by Hannah Lang in Washington; editing by Michelle Price and Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.
Persons: Kevin Lamarque, Biden, , Wally Adeyemo, Hannah Lang, Michelle Price, Deepa Babington Organizations: Department of, U.S . Treasury, REUTERS, U.S . Treasury Department’s, Hamas, U.S ., Reuters, U.S, Convertible, Thomson Locations: Washington , U.S, Israel, Gaza, Washington
Israeli police said in an Oct. 10 statement that it had frozen several crypto accounts that were used to solicit donations for Hamas. Reuters reported in May that Israel had seized around 190 crypto accounts at crypto exchange Binance since 2021, including dozens it said were owned by Palestinian firms connected to Hamas. Hamas uses a global financing network to funnel support from charities and friendly nations, including by using cryptocurrencies, Reuters reported on Monday. The lawmakers requested that the Biden administration provide estimates on the value of crypto assets that remain in Hamas-controlled wallets, how much of Hamas’ operations are funded through crypto, and any information it has on the actors facilitating the sending of crypto to and from Hamas and other militant groups. Reporting by Hannah Lang in Washington; editing by Michelle Price and Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.
Persons: Elizabeth Warren, Julia Nikhinson, Biden, Senators Elizabeth Warren, Roger Marshall, Sean Casten, Israel, Binance, Hannah Lang, Michelle Price, Bill Berkrot Organizations: Intelligence, U.S, Capitol, REUTERS, Hamas, U.S . Treasury Department, White, Senators, Reuters, TRM Labs, Thomson Locations: Washington , U.S, cryptocurrencies, Israel, Hamas, Washington
Last February, the State Department said that Hamas raises funds in other Gulf countries and gets donations from Palestinians, other expatriates and its own charities. Blockchain researchers TRM Labs said this week in a research note that crypto fundraising has previously increased following rounds of violence involving Hamas. However, since last weekend's violence, prominent Hamas-linked support groups had moved just a few thousands dollars through crypto, TRM noted. Between Dec. 2021 and April this year, Israel seized almost 190 crypto accounts it said were linked to Hamas. SHIPS AND SHELLSWhether through crypto or other means, Hamas' allies have found ways to get money to Gaza.
Persons: Matthew Levitt, Levitt, Tom Robinson, TRM, Israel, they've, Stephen Reimer, Saeed Azhar, Sinead Cruise, Tom Wilson, Tommy Wilkes, Andrew Mills, John O'Donnell, Frank Jack Daniel Our Organizations: LONDON, Hamas, Barclays, Islamic Resistance Movement, State Department, Reuters, TRM Labs, The U.S . State Department, U.S . Treasury, UN, Qatari, Royal United Services Institute, Parisa, Thomson Locations: DUBAI, Gaza, Israel, U.S, Iran, Qatar, United States, Britain, The, Turkey, Saudi Arabia, Tehran, Islamic Republic, New York, London, Doha, Dubai
In the past, Hamas has said financial restrictions placed on its donors were an attempt to neutralise legitimate resistance against Israel. However, since last weekend's violence, prominent Hamas-linked support groups had moved just a few thousands dollars through crypto, TRM noted. Between Dec. 2021 and April this year, Israel seized almost 190 crypto accounts it said were linked to Hamas. SHIPS AND SHELLSWhether through crypto or other means, Hamas' allies have found ways to get money to Gaza. "Qatari aid to the Gaza Strip is fully coordinated with Israel, the UN and the U.S.," the Qatari government official said.
Persons: Al Sayegh, John O'Donnell, Elizabeth Howcroft, Matthew Levitt, Levitt, Tom Robinson, TRM, Israel, they've, Stephen Reimer, Saeed Azhar, Sinead Cruise, Tom Wilson, Tommy Wilkes, Andrew Mills, Frank Jack Daniel Organizations: Elizabeth Howcroft LONDON, Reuters, Hamas, Barclays, Islamic Resistance Movement, State Department, TRM Labs, The U.S . State Department, U.S . Treasury, UN, Qatari, Royal United Services Institute, Parisa Locations: DUBAI, Gaza, Israel, U.S, Iran, Qatar, United States, Britain, The, Turkey, Saudi Arabia, Tehran, Islamic Republic, New York, London, Doha, Dubai
The ramifications for global markets are significant, with Washington and Beijing's determination to loosen dependence on each other fraying long-established supply chains. Many central banks target 2% inflation; market gauges of traders' long-term U.S. and European inflation expectations are running higher , . Anna Rosenberg, head of geopolitics at the Amundi Investment Institute, said Sino-U.S. tensions, provide a "new lens" through which to analyse emerging markets' growth prospects. But the performance of big U.S. tech stocks and global share indices are vulnerable to signs of Chinese retaliation. With China underperforming global stocks, investors are split on how to approach this market.
Persons: Dado Ruvic, Joe Biden, Goldman Sachs, Wouter Sturkenboom, Laura Alfaro, Anna Rosenberg, Christopher Rossbach, J, Stern, Carole Madjo, Wendy Liu, Baird, Patrick Spencer, Naomi Rovnick, Kripa Jayaram, Riddhima, Vineet, Sumanta Sen, Pasit, Louise Heavens Organizations: REUTERS, EMEA, APAC, Northern Trust, Reuters, Research, Harvard Business, Amundi Investment Institute, INDIA RUSH, Barclays reckons, EU, Apple, China, Barclays, JPMorgan, Thomson Locations: West, China, Washington, Western, Germany, Northern, Europe, FRIENDSHORING Washington, Vietnam, Mexico, Mongolia, Philippines, Sino, U.S, India, Beijing, COVID, CHINA
Uranium stone is seen at a news conference of Macusani Yellowcake and Plateau Energy in Lima, Peru July 16, 2018. Investors in uranium have sharply outperformed investors in clean energy and oil & gas majorsThe significance of that change extends well beyond Finland's power market, which gets over a third of its electricity from nuclear plants. The Global X Uranium ETF , the world's largest ETF exposed to the uranium space, is up 31% year-to-date, while Canada's first uranium ETF, the Horizons Global Uranium Index ETF (HURA.TO), is up over 45%, LSEG data shows. However, even with the broad new backing for nuclear, it is far from certain that a significant increase in nuclear power output will actually materialise. In addition, the cost of building new nuclear plants has sky-rocketed in recent years.
Persons: Macusani, Mariana Bazo, NuScale, Gavin Maguire, Sonali Paul Organizations: Plateau Energy, REUTERS, Finland's Green Party, Green Party, Green, Finland Green Party, World Nuclear Association, Uranium, CME, France's EDF, EDF, Institute for Energy Economics, Reuters, Thomson Locations: Lima , Peru, LITTLETON , Colorado, Spain, Belgium, Sweden, Germany, Kazakhstan, Uzbekistan, Russia, Niger, China, Europe, United States, England, U.S
Blair Gable/ReutersIndia responded hours later by rejecting Trudeau’s allegations, accusing Canada of harboring terrorists and claiming its inaction against extremists had been a “long-standing” concern. Nijjar’s death in June shocked the Sikh community in Canada, one of the largest outside India with more than 770,000 members. Gurpatwant Singh Pannun told CNN that Nijjar was asked to be careful and avoid giving “big talks” or he would be targeted. India's Prime Minister Narendra Modi shakes hands with the youngest son of Canada's Prime Minister Justin Trudeau while attending a ceremonial reception at the Presidential Palace in New Delhi on February 23, 2018. When Trudeau visited India in 2018, his calendar, which was light on diplomatic meetings, was seen by many as a “snub” from New Delhi.
Persons: Justin Trudeau, Trudeau, Canada wasn’t, , Hardeep Singh Nijjar, cratering, Nijjar, Melanie Joly, Blair Gable, , , Hardeep Singh, India’s UAPA, Gurpatwant Singh Pannun, Pannun, Harsh Pant, Modi, Narendra Modi, Canada's, PRAKASH SINGH, ” Pant, Michael Kugelman, Joe Biden, Rishi Sunak, Australia’s Anthony Albanese, Adrienne Watson, Penny Wong, I’m, ” Kugelman, would’ve “, Kugelman, Canada would’ve Organizations: CNN, Canadian, Canada, Reuters, Canada –, British Columbia Gurdwaras, India’s, Indian National Investigation Agency, Khalistan, Royal Canadian Mounted Police, Justice, Observer Research Foundation, India's, AFP, Getty, Indian Army, South Asia Institute, Wilson Center, British, National Security, Australian Foreign Locations: India, New Delhi, United States, Canada, Ottawa, Indian, Reuters India, Canadian, British, Ontario, India’s Punjab, New York, AFP, Toronto, China, Australia, Britain, New Zealand
Australia, New Zealand Rise in RankingsThe far-flung but friendly nations of Australia and New Zealand are among the top 10 countries in the world, according to a U.S. News analysis, and their welcoming natures may be one of the reasons why.
Locations: Australia, New Zealand, U.S
Australia, New Zealand Rise in RankingsThe far-flung but friendly nations of Australia and New Zealand are among the top 10 countries in the world, according to a U.S. News analysis, and their welcoming natures may be one of the reasons why.
Locations: Australia, New Zealand, U.S
Australia, New Zealand Rise in RankingsThe far-flung but friendly nations of Australia and New Zealand are among the top 10 countries in the world, according to a U.S. News analysis, and their welcoming natures may be one of the reasons why.
Locations: Australia, New Zealand, U.S
Putin used his moment to speak at the one-day summit to give his answer to that question. That event stretched over two in-person days in Samarkand, Uzbekistan and featured a number of sideline meetings between attending leaders. India announced last month that its leaders’ summit would be held virtually, without specifying why. At last year’s SCO summit, Modi told Putin in “today’s era is not an era of war.”And India has its own friction with neighboring China. In May, Pakistani Foreign Minister Bilawal Bhutto Zardari became the most senior-level official to visit India in seven years, when he joined a SCO foreign ministers meeting.
Persons: Hong Kong CNN — Vladimir Putin, Narendra Modi, Putin, Wagner, , ” Putin, China’s Xi, Belarus ’ Alexander Lukashenko, Iran’s Ebrahim Raisi, ” Modi, Modi, Joe Biden, Xi, ” Xi, Biden, , Bilawal Bhutto Zardari, Yevgeny Prigozhin Organizations: Hong Kong CNN, Shanghai Cooperation Organization, SCO, Indian, India, China’s Foreign Ministry, India’s Ministry, External, CNN, Pakistani, Belarus Locations: Hong Kong, Moscow, Russian, Ukraine, Belarus, Russia, spreadheaded, China, India, Pakistan, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, Eurasia, Tuesday’s, Iran, Beijing, Samarkand, New Delhi, Pacific,
New York CNN Business —The Covid-19 pandemic exposed glaring weaknesses in America’s medical supply chains, causing a frantic scramble for masks, respirators and other gear needed to fight the virus. Now, a bipartisan effort in Congress is attempting to boost medical supply chain resilience and ease the country’s reliance on less friendly nations like China for critical medical supplies – before the next disaster strikes. The bill aims to improve supply chain resilience by giving the White House the ability to diversify and expand supply networks while simultaneously eliminating unneeded trade barriers. Earlier this month, the White House hailed the end of the supply chain nightmare that had sent consumer prices surging and left some store shelves empty. The administration released a scorecard that indicated dozens of recommendations from a 2021 supply chain review have been implemented, including some related to strained medical supply chains.
Persons: Democratic Sen, Tom Carper, Republican Sen, Thom Tillis, Joe Biden, America’s “, , ” Carper, Tillis, Carper, ” Tillis Organizations: New York CNN Business, Democratic, Republican, CNN, White House, International Trade, Global Competitiveness, National Academies of Sciences, Engineering, Medicine, Reliance, Trade Organization, GE Healthcare, House, Department of Health, Human Services, United States Trade, Trade, Force Locations: China, United States, America, Covid, Mexico, Malaysia, Shanghai
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