The need to know
The need to know for the week ending 14th August
The need to know from Reuters global network of journalists
In a reversal from a few years ago, many officials who oversee U.S. election technology and outside security experts now worry less about hacking in the November elections than about misinformation and logistics such as a shortage of poll workers and slowdowns at the U.S. postal service.
United Parcel Service Inc plans to impose big fees on large shippers sending significantly more packages through its system during the holiday season amid the coronavirus pandemic, according to a new fee schedule released on Friday.
Private equity group Advent International has agreed to buy stakes in the UK and German logistics operations of German retailer Otto, the groups said on Monday.
Leading container lines are diverting ships to Lebanon’s smaller terminal of Tripoli after the devastating explosion at Beirut’s port that killed 145 people also paralysed vital trade.
The operator of a Japanese bulk carrier which ran aground off Mauritius in the Indian Ocean apologised on Sunday for a major oil spill which officials and environmentalists say is creating an ecological disaster.
Alibaba-backed Best Inc (BEST.N) is seeking a Hong Kong listing for its express delivery and freight delivery businesses, keen to boost its valuation and establish an investor base closer to China, said three sources with knowledge of the matter.
Fuel spilling from a Japanese bulk carrier that ran aground on a reef in Mauritius two weeks ago is creating an ecological disaster, endangering corals, fish and other marine life around the Indian Ocean island, officials and environmentalists say.
Beirut’s container terminal has restarted operations and sustained only minor damage in last week’s explosion, German container line Hapag Lloyd said on Tuesday, adding that it has resumed shipping services to the port.
Britain said it would step up demands for the United States to drop tariffs on goods such as single malt Scotch whisky after the industry warned a decision by Washington to retain the levy was putting its future at risk.
British fashion retailer Superdry traded ahead of expectations in the latest quarter and has boosted its liquidity with a new 70 million pound ($92 million) lending facility to get it through the Covid-19 crisis, sending its shares higher.
British retailer Marks & Spencer said on Wednesday it would open a new national food distribution centre in England, expanding capacity as part of a drive to improve the historically poor levels of food available in stores and high wastage that have dragged on profit.
Lebanon’s government holds no strategic stockpile of grains and Tuesday’s blast destroyed the privately held stocks at its only large grain silo, the economy minister, a U.N. official and a regional grain expert told Reuters.
A Nigerian court made the first convictions under a new anti-piracy law, giving hope to the world’s shipping fleets that legal reforms will help stem rising attacks in the Gulf of Guinea.
Stock investor Zhu Haifeng halved his once-cherished holdings in Chinese tech giants Tencent and Alibaba after the United States announced on Friday sanctions against some Chinese firms in the latest escalation between the world’s two top economies.
Top U.S. tech firms including Amazon.com Inc (AMZN.O) and Facebook Inc (FB.O) filed a legal brief on Monday backing a challenge to U.S. President Donald Trump’s temporary ban on the entry of certain foreign workers to preserve jobs for Americans during the coronavirus pandemic.
Shares of Vroom Inc tumbled 14% on Wednesday, as the COVID-19 pandemic fueled a bigger-than-expected quarterly loss in the online used car seller’s first set of results since its blockbuster market debut in June.
Another 16 U.S. energy firms filed for protection from creditors last month, reflecting crude oil prices below levels that are profitable for many companies, according to a report by law firm Haynes and Boone on Tuesday.
From elsewhere around the web
Penske Logistics LLC Investing $98.6 Million in Romulus Distribution Center. [Supply and Demand Chain Executive]
Resilinc and CreditRiskMonitor Announce Partnership to Drive Supply Chain Resiliency. [Supply and Demand Chain Executive]
Diageo Falls Short on Packaging Weight Reduction Goal. [Supply Chain Dive]
Maersk Unveils Updated and Agile Supply Chain.[Port Technology]
APMT Launches New Eco-Friendly Supply Chain With UK and Ireland. [Port Technology]