GM earnings soar on improved supply chain issues

New York CNN Business  —  General Motors says its supply chain issues are improving. That allowed the company to post better-than-expected earnings despite falling short of revenue forecasts. America’s largest automaker said that by the end of June, it had been able to clear out of inventory about 75% of the roughly 90,000 vehicles it … Read more

Saudi Arabia launches bid to attract $10 billion in supply chain investment

The Gulf state last year announced is in a bid to become a transport and logistics hub. The Gulf state last year announced is in a bid to become a transport and logistics hub. Saudi Arabia’s crown prince on Sunday launched an initiative to attract investments in supply chains to and from the kingdom, with … Read more

U.S. scrambles to prevent export curbs on China chips from disrupting supply chain

Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Jane Lanhee Lee and Karen Freifeld and Alexandra Alper Article content OAKLAND — The U.S. is scrambling to tackle unintended consequences of its new export curbs on China’s chip industry that could inadvertently harm the semiconductor supply chain, people familiar with the matter … Read more

FTX partners with Visa, BNB Chain suffers exploit and Elon Musk returns to $44B Twitter deal: Hodler’s Digest, Oct. 2-8

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Musk’s deal for Twitter looks set to go with original … Read more

Another supply chain crisis: Barge traffic halted on Mississippi River by lowest water levels in a decade

New York CNN Business — The lowest water levels in the Mississippi River in a decade, caused by a severe Midwest drought, have closed the vital channel to barge traffic at a crucial time of the year for the transport of crops from the nation’s heartland. The Army Corps of Engineers has been dredging portions … Read more

Taiwan says U.S.-led ‘Chip 4’ group discussed supply chain resilience

Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Article content TAIPEI — The United States convened a preliminary meeting of a working group with East Asian countries to discuss semiconductor supply chain resilience and cooperation, a Taiwan official said on Friday. “We exchanged views at a first preliminary meeting, and hope everyone … Read more