China ‘plans to ban’ US IPOs for data-heavy tech firms, and proposes algorithm controls – business live

Jackpot hari ini Result HK 2020 – 2021.

Back in Britain, pig producers are warning that healthy animals may end up being culled if the government does not take urgent action to deal with shortages of workers at abattoirs and meat-processing plants.

As many as 70,000 pigs that should have already been taken to slaughter are stranded on UK farms, according to the industry trade body the National Pig Association (NPA).

The excess numbers of pigs on UK farms is growing by 15,000 each week, the NPA said, with about a quarter fewer pigs leaving for slaughter than would be expected in normal times. More here.

There will be a reduced choice of toys in stores this Christmas, and prices are expected to rise by 10% over 18 months because of supply chain disruption, labour shortages and higher transport costs, the chairman of the retailer The Entertainer has warned.

Gary Grant, the founder of the family-run toy store chain, which has about 170 shops in the UK, said the cost of shipping a container from China by sea had risen twelvefold from about $1,500 (£1,095) a container in early 2020 to nearer $18,000.

“You are going to see some inflationary pressure, and retailers are working hard to hold those down,” Grant said in an interview with BBC Radio 4’s Today programme.

“Not all stock we have is being shipped at the very latest container rates, so I think it will probably see 18 months for those prices to flow through to a significant change at retail, which might be a 10% increase over an 18-month period.”

This chart shows just how sharply shipping costs have risen:

Michael A. Gayed, CFA (@leadlagreport)

It now costs $15,800 for a 40ft container to get from China to the west coast of America, a tenfold increase since the start of the pandemic. There are about 350 containerships waiting to dock, meaning 4.6% of the global fleet is idle, up from 3.5% last month #shipping #transport

August 26, 2021

In the UK, ministers and unions fear that Liberty Steel faces a “cliff edge”, risking thousands of jobs when the UK’s furlough scheme ends next month, unless owner Sanjeev Gupta can secure a new source of financing after months of delays.

Liberty’s main UK plants have been running intermittently for months, and it is understood that the salaries of about 70% of its workers – more than 2,000 employees – have been supported by the government’s furlough scheme in the last month. The company has relied on orders and upfront payments from major customers such as jet engine manufacturer Rolls-Royce.

It is understood that Liberty had previously warned government officials that it would face acute financial pressures by the end of August. The removal of the government wage support on 30 September would further add to Liberty’s difficulties as it becomes fully liable for salaries.

Here’s the full story: