Since the start of 2024, the wholesale cost of fuel delivered to northwest Europe has jumped by 12% to just over $116 a barrel.

The jobs reduction will save $1 billion this year, said CEO Carol Tomé during an earnings conference call with analysts January 30.

Despite the diversions, lots of tankers — many hauling Russian oil — continue to ferry barrels through the waterway. 

Farmers have been choking roadways across the country to protest higher production costs, stringent regulations imposed from Brussels and what they call unfair competition from abroad.

The move came out January 26 after a BBC documentary entitled “Boohoo’s Broken Promises” accused the fast-fashion chain of putting undue pressure on garment suppliers.

The company established a U.S. subsidiary, which aims for an initial production volume of six gigawatts, as part of "a strategic move to reduce vulnerabilities in the solar-wafer supply chain,”

Since January 15, Qatar has diverted at least six shipments destined for Europe around the Cape of Good Hope in southern Africa.

The U.K.’s second-largest household energy provider aims to bid in the country’s wind auctions in the “next year or two,” said chief executive officer Greg Jackson.

South African companies need to reduce their reliance on supply chains affected by conflict and prioritize domestic sourcing, production and distribution, PWC said.

While the White House is monitoring the discussions, there’s no indication yet of what steps the Biden administration would take in response to complaints about Boeing.