NEW YORK: More than two years into the COVID-19 pandemic, American businesses are still struggling to manage their inventories in a feast-or-famine cycle caused by fickle consumer demand.

ISTANBUL: At the gates of the Black Sea, trade is in full swing as freighters and oil tankers sail from the heart of Istanbul to Russian and Ukrainian ports.

WASHINGTON: The latest batch of solid employment figures shows the United States can weather the inflation surge while maintaining healthy growth, President Joe Biden said Friday.

FRANKFURT: The German parliament passed legislation on Friday to raise the minimum hourly wage to €12 ($12.85), a key promise made by Chancellor Olaf Scholz’s during his campaign for election last year.

WASHINGTON: US President Joe Biden defended his handling of a spiraling baby formula supply crisis Wednesday, insisting at a meeting with infant food executives that the White House is doing all it can.

MODENA, Italy: If Tuscany has Chianti, the Italian region of Emilia-Romagna has “Motor Valley”, an area that boasts one of the highest concentrations of luxury sports cars and motorbikes in the world.

BEIJING: China aims to double its wind and solar capacity by 2025, according to a new road map that also allows for more coal-fired power plants to bolster energy security.

RABAT: A withering drought and poor harvests plus price hikes fuelled by the war in Ukraine are threatening Morocco’s fragile economic recovery and exposing structural weaknesses, experts say.

WASHINGTON: The global shortage of critical semiconductors is likely to last at least through next year and perhaps longer, US Commerce Secretary Gina Raimondo warned on Tuesday.