Alexa

EXPLAINER: Starving for more chips in a tech-hungry world

SAN RAMON, Calif. (AP) — As the U.S. economy rebounds from its pandemic slump, a vital cog is in short supply: the computer chips that power a wide range of products that connect, transport and entert...

Chip shortage forces more production cuts by General Motors

DETROIT (AP) — The global shortage of semiconductors has forced General Motors to further cut production at six North American factories as chip supplies seem to be growing tighter. ...

Egypt seeks settlement out of court for Suez Canal blockage

ISMAILIA, Egypt (AP) — The Suez Canal chief said Tuesday that authorities are negotiating a financial settlement with the owners of a massive vessel that blocked the crucial waterway for nearly a week...

Traffic jam eases further in Suez Canal after ship unblocked

CAIRO (AP) — The traffic congestion caused by a cargo ship that blocked the Suez Canal for nearly a week continued to ease on Friday, with the number of ships waiting to transit falling to 206, canal ...

EXPLAINER: Starving for more chips in a tech-hungry world

SAN RAMON, Calif. (AP) — As the U.S. economy rebounds from its pandemic slump, a vital cog is in short supply: the computer chips that power a wide range of products that connect, transport and entert...

Egypt expects $1 billion in damages over stuck ship in Suez

CAIRO (AP) — Egypt is expecting more than $1 billion in compensation after a cargo ship blocked the Suez Canal for nearly a week, according to the top canal official. He also warned the ship and its c...

Global trade rebounding, lagging vaccinations pose threat

FRANKFURT, Germany (AP) — The World Trade Organization is raising its estimate for the rebound in global trade in goods but warning that the COVID-19 pandemic still poses the greatest threat to a reco...

Experts examine bottom of big ship that was stuck in Suez

CAIRO (AP) — Experts dived under a colossal container ship that had been stuck for nearly a week in the Suez Canal before it was freed, to examine the vessel's underside, officials said Wednesday. ...

Business Highlights

___ ‘Lighting a fuse’: Amazon vote may spark more union pushes What happens inside a warehouse in Bessemer, Alabama could have major implications not just for the c...

In stark warning, Egypt leader says Nile water 'untouchable'

ISMAILIA, Egypt (AP) — Egypt’s president said Tuesday his country’s share of the Nile River's waters are “untouchable" in a stark warning apparently to Ethiopia, which is building a giant dam on the N...

With ship now freed, a probe into Suez Canal blockage begins

Experts on Tuesday boarded a colossal container ship that had been stuck sideways for nearly a week in the Suez Canal before it was dislodged as questions swirled about the grounding that had shaken t...

Asian shares mostly rise amid mixed market signs

TOKYO (AP) — Asian shares were mostly higher on Tuesday as investors focused on causes for optimism despite a weak close on Wall Street. Japan's benchmark edged up 0.2% to finish at...

Taiwan's Evergreen ship fully free, Suez Canal reopens

TAIPEI (Taiwan News) — The Taiwan-chartered mega-ship that was stranded in the Suez Canal has been fully refloated, and traffic has finally resumed in the Suez Canal six days after the internati...

Asia shares set to rise as broader worries about hedge fund default ease

Asian shares were set to open higher on Tuesday (March 30) as investors shook off earlier worries about a hedge fund default that roiled global banking stocks overnight, while rekindled concerns about...

Business Highlights

___ WHO report: COVID likely 1st jumped into humans from animals GENEVA (AP) — A joint World Health Organization-China study on the origins of COVID-19 says that tr...