The Biden administration declared Oct. 6 that batteries from China may be tainted by child labor, a move that could upend the electric vehicle industry.
The National Retail Federation
forecasts that 2022 retail sales will grow between 6% and 8% over 2021. Sales were up 7.5% during the first eight months of the year.
The department store chain has so far avoided the worst of an inventory pileup because it acted early and aggressively on data signaling worrisome sales trends.
Shippers are worried about the railways’ ability to haul grain, as Canadian farmers harvest the nation’s third-biggest wheat crop on record and 42% more canola than a year ago.
Boeing missed out on a 40-plane deal in September, following an even bigger hit in July, when China ordered nearly 300 Airbus aircraft worth about $37 billion at sticker prices.
The deal with Chinese state-owned drug-maker Sinopharm to import and market its antiviral molnupiravir in China is a sign the country is considering more COVID-19 medicines from overseas developers.
