Tag Archives: blockage

The mammoth cargo ship marooned in a busy maritime thoroughfare has spawned lots of viral memes, but has the potential to inflict damage on a global economy that’s still recovering from the shock of the COVID-19 pandemic. The improbable crisis in the Suez Canal — a major chokepoint for consumer goods and natural gas shipments — involves the 430-yard long Ever Given, and is now entering its fourth day. The Japanese firm that owns the ship is working frantically with Egyptian authorities… Source link

  Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, March 26, 2021 JPMorgan suggests a trade to hedge against a worst case scenario Images of the massive 400 meter-long container ship Ever Green running aground and blocking the Suez Canal are stunning. And the world is quickly learning how crucial that chokepoint is to global trade. “The immediate impact of delays in the canal will center on European-Asian trade, adding delays to already… Source link

The blockage of nearly 30 million stimulus checks for Social Security and other federal benefits recipients has been resolved after the Social Security Administration sent relevant files to the Internal Revenue Service (IRS) on Thursday morning, according to the House Ways and Means Committee. “We are gratified that the SSA leadership finally recognized the urgency of the moment and acted swiftly on our ultimatum,” members of the committee said in a press release on Thursday. “Now the IRS… Source link