DUSA - Global Commerce Slowed By Fires Earthquakes And Stalled Supertankers
- After a fire at a factory owned by Renesas Electronics, it will be at least a month before they can restart operations at their semi-conductor plant. As a result, Japanese auto manufacturers all sold off, since they will now likely have to further curtail production.
- The speed of Covid-19 vaccinations is helping U.S. economic growth resurge. Unfortunately, the only "glitch" that materialized this week is that the CDC on Wednesday informed the cruise ship industry that its "no sail" order would remain in place until November 1st.
- Covid-19 cases continue to resurge in continental Europe, so their double-dip recession persists.
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Global Commerce Slowed By Fires, Earthquakes And Stalled Supertankers