Chip shortages are rippling through industry after industry, preventing companies from shipping products from cars to game consoles and refrigerators. Automakers are now expected to lose out on $110 billion in sales this year, as Ford Motor Co., General Motors Co. and others have to idle factories for lack of essential components. That’s undercutting economic growth and employment, as well as raising fears of panic ordering that may lead to distortions in the future.

Some vaccines help nations exit the Pandemic faster than others

May 20, 2021

Instead, two paths are emerging: In countries such as Israel, new Covid cases are declining as vaccinations spread, while in other places like the Seychelles — which has fully inoculated more of its population than any other nation — infections continue to increase or even reach new highs.

Global Covid-19 caseload tops 164.6 mn; deaths surge to more than 3.41 mn

May 20, 2021

The US continues to be the worst-hit country with the world’s highest number of cases and deaths at 33,025,606 and 587,843, respectively, according to the CSSE.In terms of infections, India follows in the second place with 25,496,330 cases.

U.S. Supreme Court backs energy companies over Baltimore in climate case

May 20, 2021

The Democratic-governed Maryland city’s lawsuit targeted 21 U.S. and foreign energy companies that extract, produce, distribute or sell fossil fuels, arguing that their activities contribute to emissions of carbon dioxide and other so-called greenhouse gases linked to climate change. An important port city, Baltimore noted that it is vulnerable to sea-level rise and flooding driven by climate change.

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