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January 19, 2022

Crunch

Copper eases; set for best week since Oct on supply crunch

Reuters
Jan 14 (Reuters) – Copper prices eased on Friday, as investors braced for a U.S. interest rate hike in March, but they were headed for their biggest weekly gains since October supported by tight supply. Three-month copper on the London Metal Exchange eased 0.3% to $9,925 a tonne by 0615......

France faces power crunch once mild weather ends, grid operator says

Reuters
A night view shows France’s oldest Electricite de France (EDF) nuclear power plant and the Grand Canal d’Alsace near the eastern French village of Fessenheim, France February 20, 2020. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register PARIS, Dec 30 (Reuters) – Mild weather forecast for the......

Fitch says a third of rated Chinese developers would face cash crunch in a scenario where sales fall by 30%

CNBC
CNBC – For more and to sign up click here China’s embattled developer Evergrande is on the brink of default. Here’s why it matters Residential sales plummeted alongside home buyer confidence. Home sales by value dropped 16.31% from last year in November, a fifth month of declines. New home prices......

Superyacht building boom creates a supply crunch and crew shortage for ultrarich buyers

CNBC
CNBC – For more and to sign up click here The superyacht “Kismet”, currently owned by Pakistani-American billionaire Shahid Khan, is seen moored near Tower Bridge on October 21, 2021 in London, England. Leon Neal | Getty Images More than 1,000 superyachts are now in production or on order, as......

Here is a Ridiculously Detailed Paper Recreation of the Richfield Coliseum

ClevelandScene
Monday, November 22, 2021 Here is a Ridiculously Detailed Paper Recreation of the Richfield Coliseum Posted By Sam Allard on Mon, Nov 22, 2021 at 3:36 PM Here is exactly what you’ve been waiting for, Cavs fans: a recreation of the Richfield Coliseum made entirely out of paper. The model......

As India limits syringe exports, a supply crunch has buyers looking elsewhere.

New York Times
New York Times – For more and to sign up click here NEW DELHI — Rajiv Nath’s factories were cranking out more than 7,600 syringes a minute when India decided to limit their export last month to shore up its own vaccination campaign. The products were meant for clients around......

After threats to rip up the Brexit deal, UK and EU hold crunch talks

CNBC
CNBC – For more and to sign up click here A European Union (EU) flies alongside a British Union flag, also known as a Union Jack in London. Jason Alden | Bloomberg Creative Photos | Getty Images LONDON — The United Kingdom and the European Union are due to enter......

Twin peaks: Whether it’s supply or demand, oil era heads for crunch time

Reuters
A worker collects a crude oil sample at an oil well operated by Venezuela’s state oil company PDVSA in Morichal, Venezuela, July 28, 2011. REUTERS/Carlos Garcia Rawlins Oct 25 (Reuters) – Energy transition and peak demand predictions have spooked investors in oil, putting the prospect of peak production sooner than......

Restaurants prep for long-term labor crunch by turning to robots to work the fryer, shuttle food to tables

CNBC
CNBC – For more and to sign up click here At Inspire Brands’ Innovation Center in Atlanta, the Flippy robot is taking on a new challenge. The automated worker, made by Miso Robotics, first came onto the scene as a burger solution. Now, it’s frying wings for the first time.......

China power crunch slams factories as coal lobby warns woes could stay until winter

Reuters
SHENYANG, China, Sept 30 (Reuters) – Small firms caught in China’s prolonged energy crunch are turning to diesel generators, or simply shutting shop, as coal industry officials voiced fears about stockpiles ahead of winter and manufacturing shrank in the world’s no. 2 economy. Beijing is scrambling to deliver more coal......

Why China’s power crunch is such a big deal

CNBC
CNBC – For more and to sign up click here A general view shows the Wujing Coal-Electricity Power Station in Shanghai on September 28, 2021. Hector Retamal | AFP | Getty Images BEIJING — Local Chinese authorities have abruptly ordered power cuts at many factories in the last week, reflecting......

China energy crunch triggers shutdowns, pleas for more coal

Reuters
Governor of Jilin province urges more coal imports Environmental checks, surging prices sap electricity generation Fears as power cuts hit traffic lights, 3G networks, factories State Grid Corp seeks to reassure residents on winter heating SHANGHAI, Sept 28 (Reuters) – China faces mounting pressure to ramp up coal imports and......

Goldman cuts China’s growth forecasts, citing power crunch as ‘yet another growth shock’

CNBC
CNBC – For more and to sign up click here Workers at the Zhong Tian (Zenith) Steel Group Corporation in Changzhou, China’s Jiangsu province on May 12, 2016. Kevin Frayer | Getty Images News | Getty Images Goldman Sachs economists have cut their forecasts for China’s economic growth in 2021......

China scrambles to fix power crunch, tame runaway raw material markets

Reuters
BEIJING, Sept 24 (Reuters) – Roiled by widening power curbs that have disrupted industrial operations, Chinese commodity producers and manufacturers may finally be getting some relief. Beijing’s top economic planner, the National Development and Reform Commission, said on Friday it will work to resolve the power shortages that have plagued......

What China developer Evergrande’s debt crunch means for U.S. investors: Ed Yardeni

CNBC
CNBC – For more and to sign up click here A debt crunch involving China’s second largest properly developer has caught investors’ attention in the past week. Evergrande, the Shenzhen-based company, is facing a default on its debt burden of roughly $300 billion. The crisis has echoes to the Lehman......

Inflation, a labor crunch and the delta variant pressure restaurants heading into fall, survey finds

CNBC
CNBC – For more and to sign up click here Restaurants around the county were looking ahead to the economy’s reopening over the last few months, as Covid vaccines became more widespread and pent-up consumer demand was palpable. But headwinds from supply chain disruptions to a labor shortage and rising......

Alvin Kamara scores again with his own cereal brand, ‘Kamara’s King Crunch’

ESPN
METAIRIE, La. — As if leading the NFL with 21 touchdowns last season and being selected to his fourth Pro Bowl in four years wasn’t enough, New Orleans Saints running back Alvin Kamara has now officially made it big. “Kamara’s King Crunch” cereal was released on Thursday — a honey,......

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