ECONOMY

Why so terrible sickness rates in the UK are bad for the economy

EAsyJet removes seats from its aircraft, Tui no longer serves food on flights, and bus companies limit services. From the headlines, Britain seems to have a big problem with absenteeism because Covid is contributing to staff shortages throughout the economy. But apart from these incidents, the overall picture is very different. With low sickness benefits …

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Semi Conductor

A shortage of semiconductors could persist until 2024 OilPrice.com

The Automotive MMI (Monthly Metals Index) stagnated from April to May. This was largely due to a number of consistent factors. Below, we take a deeper look at the automotive market to see if we can determine what to expect for the rest of 2022. Automotive industry MMI: Car sales in China, production decline in …

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India is banning wheat exports because the heat wave is damaging crops and domestic prices are rising

India is banning wheat exports because the heat wave is damaging crops and domestic prices are rising

The government has said it will still allow exports based on already issued letters of credit and to countries that require supplies “to meet their food security needs.” The move to ban overseas shipments was not forever and could be revised, senior government officials told a news conference. Global buyers have been betting on supplies …

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Lack of infant nutrition is one of the manifestations of the supply chain crisis exacerbated by climate change

Lack of infant nutrition is one of the manifestations of the supply chain crisis exacerbated by climate change

As the economy continues to falter, the name of the game is the lack of products. The disruption of the supply chain left the grocery shelves empty, forced players to suffer from a lack of consoles and headsets, and led to a shortage of microchips throughout the electronics industry. Higher consumer prices are partly due …

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President Joe Biden has said that raising corporate taxes will help deal with inflation

Jeff Bezos calls on Biden’s new disinformation council to review his inflation tweet

Amazon founder Jeff Bezos has asked the Biden administration’s new misinformation council to review the president’s tweet, claiming that rising inflation can be curbed by raising corporate taxes. Joe Biden, who faced criticism over 40-year high rates of 8.3 percent, tweeted on Friday that higher corporate taxation would help ease economic tensions affecting Americans. “Do …

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The real reason we are experiencing a terrible lack of infant formula

The real reason we are experiencing a terrible lack of infant formula

Supply chain problems, labor shortages, and the recent withdrawal of infant formula have exacerbated the current infant deficiency in the United States. The U.S. Food and Drug Administration (FDA) has said it is working with U.S. manufacturers to increase their production and streamline paperwork to enable larger imports to combat shortages. Families who have difficulty …

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UK recession warning: The Bank of England is on alert as the British face a year of "disaster".

UK recession warning: The Bank of England is on alert as the British face a year of “disaster”.

New concerns follow the Bank of England’s announcement two weeks ago that it is raising interest rates for the second time in response to the impact of the coronavirus pandemic to 1 percent. Although it did not use the word recession, it said it “is expected to slow down British GDP growth” in the coming …

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File photo shows a worker counts Chinese currency Renminbi banknotes at a bank in Tancheng County of Linyi City, east China

Fiscal stimulus needed to ensure consumption security in the face of a turbulent external environment: economists

The record photo shows a worker counting Renminbi Chinese currency banknotes at a bank in Tancheng district in Linyi city in eastern China’s Shandong province. Photo: Xinhua Given that the risk of a global economic recession, the Russian-Ukrainian conflict and the resumption of the epidemic in some regions have put the Chinese economy under great …

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A massive wave of rail strikes is raising concerns about food supplies

A massive wave of rail strikes is raising concerns about food supplies

The railway reforms under consideration fall into four broad parts: pension reform, staff reductions, the approval of new wage agreements and plans to close hundreds of cash desks at stations. A government source says: ‘We feel very strongly’ that we need to create a rail system that is sustainable in the future. We need to …

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