Florida prepared to add monoclonal antibody site in Palm Beach County
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(Bloomberg) -- Farm equipment giant John Deere boasted record profits in 2021 as the global pandemic made consumers and countries more reliant than ever on a functioning agricultural sector. Also last year, unionized workers demanded a piece of the company’s growing pie, and after a strike forced John Deere to provide better compensation to the men and women who make its products.Most Read from BloombergEarly Omicron Breakthroughs Show mRNA Vaccines’ WeaknessJeremy Grantham Doubles Down on Crash
PARIS (Reuters) -Airbus on Thursday raised the stakes in a dispute with major customer Qatar Airways over grounded and undelivered A350 jets by announcing it had revoked a separate contract for 50 smaller A321neo jets the airline plans to use for new routes. The move widens a dispute that moved closer towards a rare courtroom clash on Thursday, with a procedural hearing over Qatar's claim for more than $600 million in compensation over A350 flaws pencilled in for the week of April 26 in London. Airbus revealed it was walking away from the contract for A321neos in skeletal arguments presented during a scheduling session over the A350 dispute at a division of Britain's High Court on Thursday, people familiar with the matter said.
- Fort Worth Star-Telegram
At least 400,000 homes and businesses could be impacted.
- Miami Herald
Venezuela has doubled its oil production in recent months thanks to Iran and other players that are helping it evade U.S. sanctions, but the country’s industry is now running near the top of its capacity and it is unlikely it could go much higher than current output levels, according to industry analysts.
(Bloomberg) -- Intel Corp. will announce Friday the next step in Chief Executive Officer Pat Gelsinger’s plan to build up semiconductor production in the U.S., seeking to restore the chipmaker’s edge in manufacturing technology.Most Read from BloombergEarly Omicron Breakthroughs Show mRNA Vaccines’ WeaknessJeremy Grantham Doubles Down on Crash Call, Says Selloff Has StartedLate Rout in Tech Sends Nasdaq 100 Into Correction: Markets WrapWhy Some Vaccinated People Resist Omicron and Others Don’tTh
Speaking in a virtual panel of the World Economic Forum, Tai cautioned against a backward-looking "return to normalcy" after two years of COVID-19-induced disruptions. "I think that it is time for us to acknowledge that our goal really shouldn't be to try to go back to the way the world was, say in 2019, but to take lessons, very hard earned lessons, very painful lessons that we have experienced over the past two years and take this opportunity to build toward something that is different and better," Tai said. Key to this will be to strengthen and diversify supply chains, she said.
- Associated Press
In a quiet valley tucked away from Colorado’s bustling ski resorts, far from his hometown in northern Mexico, Trinidad Loya found a way to support his family’s American dream: Coal. The coal plant is closing, along with the mine that feeds it and has nearly 115 more employees, and all the workers will lose their jobs over the next decade, according to Tri-State Generation and Transmission Association Inc. which partially owns and operates the Craig Station.
Chinese woman told by Lowe's customer to go back to her country is scolded by store employee for filming
A Lowe’s in Illinois has come under fire after a Chinese woman and Springfield resident claims another customer told her to go back to her country. Xuna Hu says she was shopping for two fire pits when the other customer tried to get Hu to hand over one of the pits, leading up to the alleged racist encounter at a Lowe’s branch on Wabash Avenue on Jan. 17. "I was like alright, I’ll just give you one then,” Hu told WICS Channel 20.
(Bloomberg) -- The global semiconductor shortage is hitting one of the industry’s most important gear makers, potentially creating a vicious cycle that will further strain supply to companies from Nissan Motor Co. to Apple Inc.Most Read from BloombergEarly Omicron Breakthroughs Show mRNA Vaccines’ WeaknessJeremy Grantham Doubles Down on Crash Call, Says Selloff Has StartedLate Rout in Tech Sends Nasdaq 100 Into Correction: Markets WrapWhy Some Vaccinated People Resist Omicron and Others Don’tASM
Germany's new coalition government wants to attract 400,000 qualified workers from abroad each year to tackle both a demographic imbalance and labour shortages in key sectors that risk undermining the recovery from the coronavirus pandemic. "The shortage of skilled workers has become so serious by now that it is dramatically slowing down our economy," Christian Duerr, parliamentary leader of the co-governing Free Democrats (FDP), told business magazine WirtschaftsWoche. "We can only get the problem of an ageing workforce under control with a modern immigration policy... We have to reach the mark of 400,000 skilled workers from abroad as quickly as possible," Duerr added.
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- Detroit Free Press
A new study shows that wages are not keeping pace with the escalating prices of new and used cars.
Boeing Co's steady climb out of successive crises - among the worst in U.S. corporate history - gained momentum last week when it won the 2021 jet order race https://www.reuters.com/business/aerospace-defense/boeing-wins-annual-jet-order-race-adjusted-basis-2022-01-11 against rival Airbus SE on an adjusted basis with a 737 MAX sales blitz. But closely watched orders and deliveries https://www.reuters.com/business/aerospace-defense/airbus-vs-boeing-orders-deliveries-2021-2022-01-11 have underscored the industrial and regulatory currents still facing its bigger 787 Dreamliner and 777X flagships - issues that have left Boeing fighting concurrent battles on both sides of the Atlantic. Regulators in Europe are challenging the safety net built in to 777X flight controls and deliveries of the 787 are expected to remain frozen until around April as U.S. regulators review production flaws, senior industry and government sources said.
- Delmarva Now | The Daily Times
The Biden administration has painted the meat and poultry industry as the villain for the recent rise in prices in grocery stores.
Global jet fuel demand, however, has again come under pressure with some countries reimposing border restrictions and other curbs to keep the Omicron coronavirus variant at bay, prompting travelers to reconsider their plans. "We saw a little bit more downside momentum on jet fuel due to omicron variant, but combined, we didn't really see a meaningful impact as we exited the year," senior executive Dax Sanders said in the earnings call. Kinder Morgan reported a 48% jump in jet fuel volumes and 7% jump in gasoline, following a year of coronavirus-driven decline.
Dealers who don't end bad practices like overcharging on reservation fees, adding massive "market adjustment" prices or using sales brokers will risk losing their Chevy Corvette Z06 allotments.
(Bloomberg) -- China, the world’s biggest buyer of liquefied natural gas, kicked off an unprecedented effort to resell its supply, alleviating global fuel shortage fears that have sparked record prices this winter.Most Read from BloombergEarly Omicron Breakthroughs Show MRNA Vaccines’ WeaknessWhy Some Vaccinated People Resist Omicron and Others Don’tBiden Expects Russia to ‘Move In’ on Ukraine; Warns of SanctionsStocks Drop as Selloff Puts Nasdaq Into Correction: Markets WrapIs Covid Becoming En
(Bloomberg) -- Move over, corn. Most Read from BloombergEarly Omicron Breakthroughs Show mRNA Vaccines’ WeaknessJeremy Grantham Doubles Down on Crash Call, Says Selloff Has StartedLate Rout in Tech Sends Nasdaq 100 Into Correction: Markets WrapWhy Some Vaccinated People Resist Omicron and Others Don’tAfter months of surging fertilizer prices, America’s biggest crop is set to be unseated by soybeans when it comes to planting size. The less chemically-reliant legume will expand acreage by 5.9% thi
Oil has been rallying to start the year, with no shortage of bullish factors working to lift prices to their highest levels in more than seven years, raising expectations that the per-barrel cost of the commodity will soon reach $100.
Global inflation - the rate at which prices rise - is at its highest since 2008. Here are seven reasons why.