When Is the Shutdown Going to Happen Again
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GLOBAL SHUTDOWN
Supply chain chaos and deglobalisation means the era of cheap and plenty may be ending
Economists are debating whether recent supply chain turmoil and geopolitical conflicts will result in a reversal or reconfiguration of global production, in which factories that were sent offshore move back to the United States and other countries that pose less of a political risk.
India remains trigger-happy on internet shutdowns
By the end of the year, India was responsible for at least 106 such incidents, making it the worst offender on internet shutdowns for the fourth year in a row. India accounted for almost half (47%) of the 182 internet shutdowns worldwide in 2021.
Global supply chain crisis flares up again where it all began
China accounts for about 12% of global trade and Covid restrictions have idled factories and warehouses, slowed truck deliveries and exacerbated container logjams. U.S. and European ports are already swamped, leaving them vulnerable to additional shocks.
Shanghai eases two-week shutdown, letting some residents out
About 6.6 million people can go outdoors, but some must stay in their own neighborhoods, the online news outlet The Paper reported, citing city officials. The government said some markets and pharmacies would reopen. A health official warned Shanghai doesn't have the virus under control despite easing restrictions.
This is what happens when globalization breaks down
The largest multinational retailers like Amazon and Walmart have responded to the convulsions in the supply chain by chartering their own container ships, amassing empires of warehouse space and stockpiling products.
China tries to limit economic blow of Shanghai shutdown
At the Shanghai port, the world's busiest, operations were normal and managers made extra efforts to ensure vessels "can call normally," state TV reported. The port serves the Yangtze River Delta, one of the world's busiest manufacturing regions with makers of smartphones, auto components and other goods.
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Asian shares dip, oil skids on Shanghai shutdown
Asian shares stalled and oil prices slid on Monday as coronavirus lockdown in Shanghai looked set to hit global activity, while throwing another wrench into supply chains that could add to inflationary pressures. China's financial hub of 26 million people told all firms to suspend manufacturing or have people work remotely in a two-stage lockdown over nine days.
Global economy sinks deeper into turmoil as Fed prepares to raise rates
Fed officials have held interest rates near zero since March 2022 and are expected to raise them for the first time since 2022 on Wednesday.
What's at stake for the global economy if Russia invades Ukraine
Even before the Kremlin ordered Russian troops into separatist territories of Ukraine on Monday, the tension had taken a toll. The promise of punishing sanctions in return by President Joe Biden and the potential for Russian retaliation had already pushed down stock returns and driven up gas prices.
Slowdowns in US and China will hold back global growth, says report
Higher inflation, supply chain chokepoints, and COVID-related shutdowns and worker shortages continue to afflict rich and poor nations, the International Monetary Fund wrote in its latest World Economic Report.
China's Omicron outbreak is bad news for the global supply chain
Sporadic outbreaks scattered across the country of both the delta and omicron variants have already triggered shutdowns to clothing factories and gas deliveries around one of China's biggest seaports in Ningbo.
Oil firms, near highest since late November on risk appetite
U.S. oil rose for a sixth consecutive session on Wednesday while Brent gained more ground with a broad-based rally in global markets supporting prices. The benchmark Brent crude rose 23 cents, or 0.3%, at $79.17 a barrel by 0101 GMT. U.S. West Texas Intermediate (WTI) crude added 21 cents, or 0.3%, at $76.19 a barrel.
The power crunch just made renewables stronger
A global power crunch seems to be accelerating the push away from fuel-based energy, and into zero-carbon power, whose cost is fixed when the project is first developed.
A car a minute used to flow through here, but chaos now reigns
The Great Supply Chain Disruption has turned shipping terminals into volatile zones full of uncertainties and best guesses. Nearly two years into the Covid pandemic, reliable planning is still next to impossible at every point of the supply chain.
Omicron could knock a fragile economic recovery off track
Omicron's threat to the recovery is just the latest in a series of zigzags that the world economy has endured since the coronavirus began its march across continents last year.
Economists wargame how Omicron will impact global recovery
The imposition of travel restrictions will shake consumer and corporate confidence, likely limiting activity in some places just as the holiday season gets underway in many economies.
Key reason for supply shortages: Americans keep spending
Unless spending snaps sharply back to services — or something else leads people to stop buying so much — it could take deep into 2022 or even 2023 before global supply chains regain some semblance of normalcy.
Facebook, Instagram & WhatsApp outrage: Cyber experts think the shutdown was caused by BGP. What it means
It's a system the internet uses to pick the quickest route to move packets of information around.
Facebook, Instagram & WhatsApp back online after hours of global shutdown. What caused it?
When Facebook went down last evening, it's other services went down with it
WhatsApp, Facebook, Instagram recover after almost six-hour outage
CEO Mark Zuckerberg has apologised for the outage at WhatsApp, Facebook and Instagram, which the social media company said was due to a "faulty configuration change".
China's port shutdown raises fears of closures worldwide
The shutdown at Ningbo-Zhoushan is raising fears that ports around the world will soon face the same kind of outbreaks and Covid restrictions that slowed the flows of everything from perishable food to electronics last year as the pandemic took hold.
As pandemic shutdowns scrapped ad spending, what's next for newspapers?
The fact that it was also a banner year for digital subscriptions didn't help much, since those tend to bring in much less revenue.
Oil gains after cyberattack forces shutdown of crucial U.S. pipelines
Brent crude was up by 57 cents, or 0.8 per cent, at $68.85 a barrel by 0645 GMT, having risen by l.5 per cent last week. U.S. West Texas Intermediate futures rose by 51 cents, or 0.8 per cent, at $65.41 a barrel, after gaining more than 2 per cent last week.
Hero MotoCorp extends shutdown of plants across India till May 16
Last month, the company had announced temporary stopping of operations at all its six manufacturing units located at Dharuhera and Gurugram, Haryana; Chittoor in Andhra Pradesh; Haridwar in Uttarakhand; Neemrana in Rajasthan, and Halol in Gujarat with a total yearly production capacity of 90 lakh units.
Hero Moto to temporarily suspend operations
In the wake of a surge in Covid cases, two-wheeler maker Hero MotoCorp on Tuesday said it will "halt operations temporarily" at all its manufacturing facilities.Hero Moto said it will utilise the shutdown days to carry out maintenance work at plants.
Hero MotoCorp to temporarily shut operations due to rise in COVID cases
"In keeping with its commitment to the safety and welfare of its people, Hero MotoCorp has decided to proactively halt operations temporarily at all of its manufacturing facilities across the country, including its Global Parts Center (GPC), in view of the ongoing escalation in the spread of Covid-19 across the country", the company said in a statement.
COVID 2.0: Large-scale vaccination, not shutdown, is the new mantra
A year after it imposed the world's most stringent lockdown, India is staring at a rising curve of Covid-19 infections.
F&B brands foray into new segments and offerings, some global brands considering India foray too
Ghost Kitchen backed Goila Butter Chicken, the brainchild of master chef Saransh Goila and Vivek Sahani started operations in London last month through a delivery only concept partnering with London restaurant Carousel. Goila said he is also looking at other international markets.
Global economy to plunge into worst recession since WW-II: World Bank
The Covid recession is the first since 1870 to be triggered solely by a pandemic, World Bank president said.
Source: https://economictimes.indiatimes.com/topic/global-shutdown
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