Businesses claim that visas for truckers are very low and that they have been approved for a long time. The government is suspending competition rules for petrol suppliers.
Prime Minister Boris Johnson is under increasing pressure to ease the supply chain crisis in Britain as some petrol stations run out of fuel due to panic purchases. The shortage of truck drivers in the coming weeks increases the likelihood that food and fuel supplies will deteriorate, with the government suspending competition rules on Sunday and allowing fuel supplies to be coordinated in the most affected areas. Johnson announced the move, including a relaxation of immigration rules for foreign truckers and poultry workers, and called on military inspectors to begin heavy driving tests. The Financial Times reports that the Prime Minister is considering plans to use troops to transport trucks across the country. “We have long-term contingency plans to work with the industry to maintain fuel supply in the event of a major disruption,” said Quasi-Quarteng, commerce secretary. Businesses and opposition politicians say 5,000 new visas for carriers will not meet the 100,000 driver requirement until Christmas, which has worsened since the UK left the EU. As some countries in Europe struggle with energy prices and labor shortages, the UK has faced a barrage of patients in hospitals, empty supermarket shelves and gas station columns in recent weeks. PP, the UK’s second-largest fuel retailer, said it had lost nearly a third of its stations’ core fuel.
Shares of Cabot Oil & Gas Corp. rose 8.46% during today’s trading session (performance over the last 5 years: -9.41%). This sharp rise was triggered by today’s rise in oil prices, with the North American oil WTI soaring above $ 75 a barrel. Cabot Oil & Gas Corporation is an independent oil and gas company that manufactures, explores and explores the properties of oil and gas in North America.
Macro Analysis and Reports from the Economy:
Power shortages in China have already halted production at several factories, including Apple and Tesla suppliers. Asian stock indices closed the day trading at: CSI 300 + 0.58%, Hong Cheng + 0.07%, Nikkei 225 -0.03%.
German carmaker Volkswagen will settle $ 1.5 million in emissions to New Hampshire and Montana in the United States. Hungary and Russia today signed a new long-term gas supply agreement with Gosprom. The German Social Democrats narrowly won Sunday’s national election, showing predictable results and ending a 16-year Conservative-led government led by Angela Merkel, confirming their desire to run the government for the first time since 2005. The British company Rolls-Royce has announced that it has won a contract from the US Air Force to manufacture engines for the P-52 Stratofordress aircraft. The deal is worth $ 2.6 billion. European stock indices closed the day trading at: Eurostocks 50 + 0.17%, CAC 40 + 0.19%, DAX + 0.27%.
Orders for consumer goods in the United States rose 1.8% month-on-month in August and are expected to grow 0.7%. Instagram will stop the development of the version of Instagram Kids, which is for children under 13 years of age. US stock indices ended the day trading at: Dow Jones + 0.21%, S&P 500 -0.28%, Nasdaq-0.52%.
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