The need to know
The need to know for the week ending 17th February 2023
The need to know from Reuters’ global network of journalists
North American companies struggling to hire workers in the tightest labor market in decades brought on more robots last year than ever before, with many earmarked for new electric vehicle and battery factories under construction.
Aerospace suppliers are gearing up for a hiring spree in 2023 but could face stiff competition for skilled laborers, including from their top customers - planemakers Boeing (BA.N) and Airbus (AIR.PA).
The European Union's plan to rapidly expand solar and wind power depends on a significant expansion of the solar and wind workforce at a difficult time for hirers.
The European Commission on Tuesday proposed tougher CO2 limits for heavy goods vehicles, requiring new trucks by 2040 to cut emissions by 90% and all new city buses to have zero emissions from 2030.
Interest in using hydrogen fuel cells to power trucks and vans is getting a boost from fleet operators looking for a more practical alternative to electric vehicles and rising government aid, particularly the U.S. Inflation Reduction Act (IRA).
Global demand for lithium batteries is expected to surge more than five-fold by 2030, public-private alliance Li-Bridge said on Wednesday, as more people opt for electric vehicles and energy storage systems.
The Biden administration on Wednesday issued long-awaited final rules on its national electric vehicle charger network that require chargers to be built in the United States immediately, and with 55% of their cost coming from U.S.-made components by 2024.
Concerned Vietnam-based exporters are seeking to ensure they comply with a U.S. ban on imported products using raw materials from China's Xinjiang as lucrative trade in goods like garments and solar panels comes under closer scrutiny in Washington.
U.S. chief agricultural trade negotiator Doug McKalip wants China to keep striving to meet U.S. farm goods purchase commitments under the 2020 "Phase 1" trade deal, but told Reuters that he also is pushing to diversify exports beyond the biggest U.S. grain customer.
The prospect of mutually assured destruction (MAD) helped avert nuclear conflict during the Cold War.
U.S. manufacturing activity is falling as businesses and households pull back spending in the face of rapidly rising prices and heightened uncertainty about the outlook for 2023.
Roughly 160,000 members of German trade union Verdi are set to begin voting on Monday on whether to hold an all-out strike after talks with logistics company Deutsche Post (DPWGn.DE) failed in the third round of negotiations last week.
LOS ANGELES, Feb 13 (Reuters) - United Parcel Service (UPS.N) on Monday confirmed it is taking steps to reduce its workforce in regions where delivery demand has softened, a comment that comes days after a local union reported that the company had begun nationwide layoffs of some drivers.
Thousands of workers at Britain's Royal Mail have voted in favour of further strikes, their trade union said on Thursday, warning of more walkouts until a long-running dispute over pay is resolved.
Shopify Inc (SHOP.TO) on Wednesday forecast slowing revenue growth for the current quarter despite price hikes and new product launches, signaling that macroeconomic challenges were weighing on its merchants' online businesses.
Growth in Japan's merchandise exports slowed sharply in January amid weakening Chinese demand for cars and chipmaking machinery, stoking concern about a global slowdown and creating the country's largest trade deficit on record.
African e-commerce firm Jumia Technologies said on Thursday that cost savings had helped it reduce fourth quarter losses by 30% from a year earlier, with a further sharp drop expected this year.
International marine fuels group Baseblue, created through the merger of three bunker players, aims to hone in on green shipping as part of the growing push to decarbonise the industry, executives said on Tuesday.
Russia has diverted its diesel export supplies to Africa and Asia, as well for ship-to-ship (STS) loadings in February, as embargo closed the European markets for Russian-origin fuel, according to traders and Refinitiv data.
Australia's WiseTech Global Ltd (WTC.AX) said on Friday it will acquire U.S.-based intermodal rail solutions provider Blume Global for $414 million, as the logistics software maker looks to expand its footprint.
Walmart Inc's (WMT.N) results on Tuesday will provide Wall Street with new details on what items American shoppers are buying as rising grocery prices squeeze their wallets.
Two Republican senators sent a letter to U.S. Transportation Secretary Pete Buttigieg on Wednesday questioning U.S. freight rail system oversight in the aftermath of a toxic train derailment in Ohio on Feb. 3.
South Africa's state-owned freight rail utility Transnet has resumed limited services on a key line linking it to trading partners across southern Africa after it was damaged by heavy rains last week, impacting mineral exports, it said on Monday.
The world's biggest food group Nestle (NESN.S) will lift prices again this year, Chief Executive Mark Schneider said on Thursday, after more costly ingredients contributed to making its 2022 profit miss market forecasts.
Boeing Co (BA.N) plans to invest about $24 million in India to set up a logistics centre for airplane parts, Salil Gupte, president of the local unit told Reuters on Monday, boosting its footprint in the country amid a large plane order.
The biggest obstacles to quickly building out renewable energy in Europe are the capacity of the supply chain and an uncertain investment environment, the head of Germany's biggest utility RWE (RWEG.DE) said on Wednesday.