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[1/2] Police officers are deployed as fishermen protest near the entrance of the proposed Vizhinjam Port in the southern state of Kerala, India, November 9, 2022. REUTERS/Munsif VengattilKOCHI, India Nov 28 (Reuters) - As many as 36 police were injured in clashes with protesters in India's southern state of Kerala who were demanding the release of a person arrested during a demonstration against a $900-million port project of the Adani Group, officials said. The location of the port on India's southern tip is seen as key to winning business from ports in Dubai, Singapore and Sri Lanka. Over the weekend, protesters blocked Adani's construction vehicles from entering the port, despite a court order for work to resume, prompting the arrest of many of them. Police attacked the protesters, among whom were some priests, said a clerical official, Eugine H. Pereira, the vicar general of the archdiocese.

[1/2] Police officers are deployed as fishermen protest near the entrance of the proposed Vizhinjam Port in the southern state of Kerala, India, November 9, 2022. "We won't let them in," a protestor was seen screaming at police officers near the port entrance site. The Adani Group has said the project was in full compliance with all laws and that many studies in recent years have rejected allegations linking the project to shoreline erosion. The Kerala state government says erosion has occurred due to natural disasters. A previous attempt by Adani in October to move trucks out of the port also failed.

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☆ Port of Los Angeles October imports tumble, pressured by labor worries
▼ + stars: | 2022-11-15 | by ( Lisa Baertlein | ) www.reuters.com time to read: +2 min

[1/2] Stacked containers and cranes are shown at the Port of Los Angeles in Los Angeles, California, U.S. November 22, 2021. Seaports like New York/New Jersey, Savannah and Houston have benefited from the uncertainty surrounding ongoing West Coast port labor talks and continue to report robust results. The biggest drag was from incoming "cargo that has shifted to the East and Gulf Coasts due to protracted labor negotiations" between West Coast port workers and their employers, Seroka said. Year-to-date volume is down almost 6% versus 2021, when Los Angeles port volume hit an all-time annual high. Reporting by Lisa Baertlein in Los Angeles; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. yields advance as markets gird for midterm elections
▼ + stars: | 2022-11-07 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +3 min

NEW YORK, Nov 7 (Reuters) - U.S. Treasury yields rose in choppy trading on Monday after a week of high volatility, as bond investors turned their focus to the U.S. midterm elections on Tuesday that will determine control of Congress. U.S. two-year yields, which are sensitive to rate expectations, rose 7 basis points to 4.216% . The yield on 10-year Treasury notes was up 4.3 basis points at 4.201%. U.S. 30-year Treasury yields were up 4.2 basis points at 4.289%. A closely-watched part of the U.S. Treasury yield curve measuring the gap between yields on two- and 10-year Treasury notes remained inverted at -52.1 basis points.

☆ New York tops West Coast again as nation's No. 1 port in sign of permanent trade shift
▼ + stars: | 2022-10-27 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +3 min

The previous monthly data was the first time New York topped the West Coast and was being watched as a tipping point. Fears of a strike among West Coast port workers is one of the primary reasons behind the coastal shift in trade to the U.S. The freight railroads have shifted with the port trade trends as the East Coast has gained. "We expect the East Coast trend to continue, and our railroad is ready to deliver for more than half of the country's consumers and manufacturers," he said. As more trade has moved east, port congestion has come with it.

☆ Economic worries loom over U.S. airline earnings
▼ + stars: | 2022-10-12 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +4 min

Travel demand tends to cool after Labor Day, which marks the unofficial end of the U.S. summer season. Britain's biggest airport, Heathrow, on Tuesday warned of a possible slowdown in travel demand this winter. As companies call their employees back to office, business travel demand has received a boost. Prior to the pandemic, business travel accounted for up to 50% of the U.S airline industry's passenger revenue, according to trade group Airlines for America. "We're looking at business travel," Christopher Raite, senior analyst at Third Bridge, said.

"U.S. prosperity and security depend on the Pacific region remaining free and open," it said, noting that Pacific island countries faced urgent challenges, most notably from the climate crisis, but also heightened geopolitical tensions. Leaders and representatives from 14 Pacific island states are taking part in the summit. read moreThe official also said Biden would designate career diplomat Frankie Reed as the first U.S. envoy to the Pacific Islands Forum. The U.S. strategy document says the United States would partner with Pacific islands to help them adapt to and manage the climate crisis, an "existential threat" to their lives, health, and livelihoods. Strategic competition in the Pacific intensified dramatically this year after China signed a security agreement with the Solomons, prompting warnings of militarization of the region.

☆ Tensions rise in West Coast port labor battles, with unions and management trading accusations
▼ + stars: | 2022-09-28 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +6 min

Tensions are rising in West Coast port labor battles as unions and port management trade accusations about worker productivity and the awarding of job assignments. Jerome Roberts, GVP of marketing at supply chain consulting company Blume Global, told CNBC the one shift protest had no lasting productivity impact. Logistics companies fear the latest round of accusations will only increase tensions for a supply chain and national port infrastructure already dealing with multiple labor concerns. Project44, which also collects and analyzes port productivity for the CNBC Supply Chain Heat Map, has tracked some recent issues at Seattle operations. Container dwell times at the Port of Oakland have been improving over the month of September, according to Josh Brazil, vice president of supply chain insights at Project44.

☆ Freight Labor Unrest Is Going Global and Weighing on Supply Chains
▼ + stars: | 2022-09-21 | by ( Paul Berger | Liz Young | ) www.wsj.com time to read: +7 min

Newsletter Sign-up The Logistics Report Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. But this complex movement of goods underpinning the global economy is far more vulnerable than many imagined. The Biden administration narrowly avoided a systemwide freight rail shutdown last week after brokering a last-minute deal between railroads and unions. The Biden administration narrowly avoided a systemwide freight rail shutdown last week after brokering a last-minute deal between railroads and unions. The labor concerns have grown as some of the broader pandemic-driven upheaval in supply chains, including factory closures and vessel backlogs at ports, have eased.

☆ Freight Labor Unrest is Going Global and Weighing on Supply Chains
▼ + stars: | 2022-09-21 | by ( Paul Berger | Liz Young | ) www.wsj.com time to read: +7 min

☆ We went inside the lab at Vertex, a company that dodged the market downturn to become one of the best-performing biotechs of 2022
▼ + stars: | 2022-09-21 | by ( Andrew Dunn | ) www.businessinsider.com time to read: +10 min

A mosaic of human cells inside Vertex Pharmaceuticals' cell and gene-therapy laboratory. The four-story, 267,000-square-foot space is home to Vertex's cell and gene-therapy unit, with about 375 people now residing in the modern-industrial building. That has led to going after unrelated diseases like sickle cell, diabetes, muscular dystrophy, kidney disease, and pain. For instance, Vertex's approach to sickle cell is led by its CRISPR gene-editing program. Vertex PharmaceuticalsThe next test of Vertex's strategy will be an experimental treatment called exa-cel, its CRISPR gene-editing program for sickle cell.

☆ Reactions: Putin mobilises more troops for Ukraine
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +20 min

Russian President Vladimir Putin makes an address on the conflict with Ukraine, in Moscow, Russia, in this still image taken from video released September 21, 2022. I think even with this Russia stuff it’s hard to see the market really rally a lot more from here ahead of the FOMC. From a geopolitical standpoint, Putin is frustrated that the war isn’t going his way and he’s threatening the west. "If it gets really, really bad, I'd expect the dollar to rise." This announcement by Putin to intensify the escalation in Ukraine definitely doesn’t help.

☆ I'm a 23-year-old who's saved more than $107,000 by waitressing and bartending in Nantucket and Aspen. Here's what it's like being a seasonal worker.
▼ + stars: | 2022-03-02 | by ( Lauryn Haas | ) www.businessinsider.com time to read: +15 min

Sam Madden, 23, has worked as a nanny, waitress, and bartender in Nantucket and Aspen for six years. I had some money saved to pay for rent because I'd worked at McDonald's and Olive Garden throughout high school. In the main house, there were a bunch of college guys and girls who all worked at the Nantucket Yacht Club, and I thought that their summer looked like so much fun. My manager saw that I had bartending on my résumé from the yacht club and asked if I wanted to start bartending. She lived with a manager of a restaurant called Cru, which is kind of the "It" restaurant on the island.

☆ Southern California’s Notorious Container Ship Backup Ends
▼ + stars: | 2021-04-07 | by ( Paul Berger | ) www.wsj.com time to read: +5 min

The backup of container ships off Southern California’s coast that was at the heart of U.S. supply chain congestion during the Covid-19 pandemic has effectively disappeared. But the biggest gain likely has come from fewer boxes reaching the busiest U.S. seaport complex for container imports. By January 2022, only 31% of container ships arrived at ports on time, down from about 70% before the pandemic, according to Sea-Intelligence. By September 2021, the average cost for shipping a container from Asia to the U.S. West Coast exceeded $20,000, a sixfold increase from a year earlier, according to the Freightos Baltic Index. Last week, the average cost to ship a container from Asia to the U.S. West Coast had declined 84% from a year earlier to $2,720.

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