Asian demand, rising costs squeeze Europe’s LNG import plan By Reuters

© Reuters. FILE PHOTO: Model of LNG tanker is seen in front of the EU flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration By Marwa Rashad LONDON (Reuters) -Europe’s plan to get through a winter of difficult Russian gas supply with significant imports of liquefied (LNG) is at risk, with U.S. supply curtailed … Read more

Japan’s household spending falls as rising costs squeeze consumers By Reuters

© Reuters. FILE PHOTO: A man looks at a shop at the Ameyoko shopping district in Tokyo, Japan, May 20, 2022. REUTERS/Kim Kyung-Hoon By Daniel Leussink TOKYO (Reuters) – Japan’s household spending fell faster than expected in April as the yen’s sharp decline and surging commodity prices pushed up retail costs, hitting consumer confidence and … Read more

China’s industrial profits slump in April as COVID curbs squeeze firms

Breadcrumb Trail Links PMN Business Author of the article: Publishing date: May 26, 2022  •  10 minutes ago  •  2 minute read  •  Join the conversation Article content BEIJING — Profits at China’s industrial firms fell at their fastest pace in two years in April as high raw material prices and supply chain chaos caused by … Read more

M&S warns consumer squeeze will hit profit growth

Retailer Marks and Spencer has warned that the financial squeeze on UK consumers will hit profit growth this year. One of Britain’s best known retailers said that although trading had been encouraging since early April, it expected the financial pressures on customers to deepen over the rest of the year. “We expect the decline in … Read more

Inflation and wage pressures will squeeze already stretched public services

This article is an on-site version of our Inside Politics newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. UK inflation has hit 9 per cent, the highest level in more than 40 years and almost double the rate the Bank of England expected six months ago. … Read more

Wheat prices jump as India export ban adds to supply squeeze

Breadcrumb Trail Links PMN Business Author of the article: Reuters Gus Trompiz and Enrico Dela Cruz Article content International wheat prices jumped on Monday as an export ban by India, the latest country to use trade curbs to counter food inflation, threatened to further squeeze world wheat supply strained by the war in Ukraine. U.S. … Read more

Surging natural gas prices squeeze U.S. industrial sector

Breadcrumb Trail Links PMN Business Author of the article: Reuters Marcy De Luna and Bianca Flowers Publishing date: May 16, 2022  •  23 minutes ago  •  3 minute read  •  Join the conversation Article content HOUSTON/CHICAGO — Skyrocketing natural gas prices have raised manufacturing and transportation costs across many U.S. industries, and the situation should persist … Read more

After SPAC Mania, Electric-Vehicle Startups Face a Cash Squeeze

(Bloomberg) — Two years into the SPAC merger boom for electric-vehicle startups, companies are having a tough time finding cash to actually produce cars. Most Read from Bloomberg First Lordstown Motors Corp. said it would back off investing in the tools to build its electric trucks until capital markets loosen up. Two days later, EV … Read more

World wheat squeeze set to worsen into 2023, price risks remain -Braun

Breadcrumb Trail Links PMN Business Author of the article: Article content NAPERVILLE — Despite global wheat prices trading at record highs for the time of year, market participants may have been too optimistic on the supply outlook for the upcoming year if the U.S. government’s new projections are any indication. The U.S. Department of Agriculture … Read more