Sales of previously-owned homes in the U.S. fell 5.4% from May to June to the lowest annual rate in two years. (WSJ)
The annual inflation rate in the U.K. rose to a four-decade high of 9.4%. (WSJ)
Russia resumed flows of natural gas to Germany today, easing fears of a cutoff that would strain industrial production. (WSJ)
The U.S. launched a trade fight against Mexico, accusing the country of favoring its state-owned utility and oil company at the expense of American businesses. (WSJ)
The world’s only manufacturer of a machine for making advanced semiconductors reported record orders in the second quarter. (WSJ)
Boeing is preparing to increase production of its 787 Dreamliner soon after U.S. air-safety regulators allow the aircraft to resume deliveries. (WSJ)
Tesla reported its first sequential decline in quarterly profit in more than a year as it recovers from a shutdown at its Shanghai assembly plant. (WSJ)
The share of pure electric and hybrid vehicles in Volvo Car’s portfolio jumped to 31% of Volvo’s total sales in the second quarter. (WSJ)
Parts shortages and rising supply chain costs helped pull oil-field services company Baker Hughes to an $839 million second-quarter loss. (WSJ)
Hyundai Motor is near an agreement with Georgia to build a $5.5 billion electric-vehicle assembly plant near Savannah. (WJXT)
Japan’s Nippon Denkai will build a $150 million plant in the U.S. to make copper foils for electric vehicle batteries. (Nikkei Asia)
Major American retailers are still selling products made with cotton from Turkmenistan despite a U.S. ban over slave labor. (Sourcing Journal)
Retailer Bath & Body Works is projecting sales to fall by mid to high single digits this year. (Retail Dive)
Brazilian miner Vale cut its outlook for iron ore production this year. (Lloyd’s List)
Diversified shipping owner Libra Group named Manos Kouligkas chief executive and said George Logothetis will become executive chairman. (Splash 247)
Royal Mail said it could split itself in two after the U.K. postal provider said it is changing the name of its holding company to International Distributions Services. (Financial Times)
Supply-chain visibility technology company project44 is laying off 63 workers. (Journal of Commerce)
Armstrong & Associates says global third-party logistics net revenues surged 27.8% last year to $119.4 billion. (Supply Chain Management Review)
|