The Worlds Biggest Crop Trader Is Putting Giant Sails on Cargo Ships

The
U.S. trade deficit narrowed for the first time in three months in
September as exports jumped and import growth slowed, though overall
transactions remained well below pre-pandemic levels.To get more news
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　　Todays Must Reads

　　Leave in the lurch | The U.K. lockdown will add to pressure on
logistics firms and supply chains already strained by an economic slump
and preparations for Brexit on Jan. 1. Britain is also struggling to
stock up on supplies of a coronavirus vaccine, a top government official
has said.
　　{5}
　　Soothing nerves | Chinese President Xi
Jinping tried to re-assure international businesses that the nation is
committed to open trade, amid concerns that the new “dual circulation”
strategy will mean the worlds second-largest economy is set to become
more insular.
　　{5}
　　Tensions flaring | Protesters in the
disputed region of Western Sahara blocked Moroccos main trade route to
West Africa, prompting a warning that a conflict suspended for three
decades could reignite.
　　Low on chips | Apple is grappling with a
shortage of vital chips that manage power consumption in iPhones and
other devices, complicating its ability to meet holiday demand for the
latest version of its marquee gadget.
　　Fits and starts | German
factory orders extended their recovery in September, albeit at a slower
pace. Meanwhile, car sales fell in Europes four largest auto markets in
October, signaling demand has relapsed in the midst of another wave of
the coronavirus cases hitting the region.
　　Stop in tracks | The
U.S. Department of Commerce is imposing a preliminary anti-subsidy
tariff on car and truck tires from Vietnam, citing the Southeast Asian
nations “undervalued currency” among the reasons for the decision.
　　On the Bloomberg Terminal

　　Double dip | High-frequency data show that economic activity in
advanced economies weakened over the course of October amid renewed
outbreaks, signaling what may be the start of another downturn,
according to Bloomberg Economics.
　　Slower growth | The U.S.s ISM
services index has been in expansionary territory for 127 of 129 months,
but all major components except for supplier-delivery delays showed
weaker growth in October, an indication of supply-chain tightness.