Denver toy manufacturer dealing with supply chain crisis firsthand

DENVER— The holidays mean big business for the toy industry, but this year there is uncertainty despite President Joe Biden’s announcement of 24-hour operations at the Port of Los Angeles in an effort to help unclog the supply chain blockage. In the last six to seven months, Ed O’Brien, the founder of B4Adventure estimates he … Read more

FTSE 100 hits pandemic high; UK haulage association blasts cabotage changes – business live

4.10am EDT 04:10 European bourses are also higher today, as investors regain their nerves after some choppy sessions earlier this month. European stock markets, October 15 2021 Photograph: Refinitiv This optimism may be surprising, given growing worries that the energy shock will weigh on economic growth, eat into company profits and squeeze households. Jeffrey Halley … Read more

BoE’s Tenreyro warns rate rise could be ‘self-defeating’; US jobless claims fall – business live

Rolling coverage of the latest economic and financial news Latest: US jobless claims finally fall below 300,000 Bank’s Tenreyro: rate hike could be self-defeating Sunak plays down help for businesses over gas hike Jim Ratcliffe: Industry ‘could shut down’ this winter as gas prices soar IEA: Energy surge could threaten recovery China factory gate inflation … Read more

Brexit: Maroš Šefčovič says he hopes UK and EU ‘in home stretch’ in terms of reaching agreement on NI – live

The EU is offering what it describes as a “bespoke Northern Ireland-specific solution” on sanitary and phytosanitary (SPS) rules. It would see an 80% reduction in spot checks that would have been required on retail goods arriving in Northern Ireland if the original protocol was implemented in full. The requirement to submit documentary information online … Read more