Los Angeles Port Executive says fines for lingering cargo have helped port-congestion issues
Gene Seroka, the Executive Director of the Port of Los Angeles says that the decision to impose fines on lingering cargo was a “last resort decision but it has helped congestion
With the policy that took effect on November 1, Ocean carriers will be charged $100 per day for each container that’s left for 9 or more days
CEO of BlackRock concerned about the clean energy transition push
The Chair and CEO of BlackRock, Larry Fink says that the “so-called” energy transition needs to be reevaluated
Fink also criticized oil firms for selling portions of their assets to private companies which prevents more information about polluting activities from being acknowledged
He also argues that emerging countries might not be able to afford the transition and funds must be set aside to have a “fair and just transition” as Fink put it
Bloomin’ Brands stock fall by 11% after higher costs follow 2022 predictions
The shares of the parent company to Outback Steakhouse, Bloomin’ Brands, fell by 11% on November 2 after the company says it’s expecting another $170 million in additional costs
The company has said that it will increase menu prices by 3% in November in order to offset rising costs
K Buenavista
Mr. Buenavista is a writer that specializes in breaking down complex topics into easy to understand formats that appeal to a wide range of news seeking readers, without missing the important details. He handles a majority of the daily news reporting at Easy-Ad, and has written on many other websites. He resides in Southern California.