The need to know

The need to know for the week ending 14th August

The need to know from Reuters global network of journalists

U.S Officials now worry about election logistics more than hacking

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.

UPS plans heavy holiday fees amid coronavirus-related shipment surge

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.

Advent buys stake in logistics firm Hermes from Germany’s Otto

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.

Container ships sent to Tripoli to keep Lebanon supply lines running

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.

Grounded Mauritius Ship Operator Apologises for Oil Leak

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 to List Delivery Business in Hong Kong

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.

Oil Spill threatens ecological disaster as Mauritius declares emergency

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.

Hapag Lloyd says Beirut container terminal has resumed operations

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 to step up challenge over U.S. whisky tariff

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.

Fashion retailer Superdry’s stronger than expected sales boosts shares

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.

Britain’s M&S expands food capacity to tackle understocked shelves

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 navigates food challenge with no grain silo and few stocks

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.

Nigeria convicts first pirates under new maritime law

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.

Investors revalue Chinese tech giants after U.S. ban

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.

Tech giants back legal challenge to Trump’s foreign worker restrictions

Top U.S. tech firms including 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.

Vroom shares tumble as COVID-19 hits first post-IPO results

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.

U.S. energy bankruptcy surge continues on credit, oil-price squeeze

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]

Lowe’s Plans to Add 50 Cross Docks, 4 Fulfilment Centers in Pursuit of Omnichannel Supply Chain. [Supply Chain Dive]

Montreal Shippers Facing Significant Supply Chain Disruption. [The Loadstar]

Maersk Unveils Updated and Agile Supply Chain.[Port Technology]

APMT Launches New Eco-Friendly Supply Chain With UK and Ireland. [Port Technology]

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