disruptions News

Global Supply Lines Struggle to Clear Container Backlog After Suez Chaos

LONDON/LOS ANGELES — A backlog of container ships carrying consumer goods has grown in some key strategic ports after a near week-long blockage in the Suez Canal, adding to ongoing disruptions to global trade, industry sources say. Dozens of container …

Insurer Hiscox Counts Cost of Virus Claims, ‘Brand Damage’ After Court Case

British insurer Hiscox reported a big loss for 2020 after a jump in claims from businesses disrupted by the COVID-19 pandemic and also faces “brand damage” from a legal dispute over policy wordings for pandemic-linked claims. Hiscox shares plunged 13% …

AAA Study Finds Modern Driver-Assistance Technology ‘Far From Reliable’

Advanced driver assistance technology automating steering and braking in a growing number of vehicles is not providing reliable safety benefits, a new study by the American Automobile Association showed on Thursday. Researchers at AAA, a federation of North American motor …

Protests Hammer U.S. Cities Still Recovering From Lockdown

The reopening of America was always going to be fraught, with competing fears of new virus outbreaks and economic meltdown. Now cities across the nation, from New York to Chicago to Los Angeles, are reeling from unrest that could worsen …

Airline Weather Shocks Come Faster Than Ever as Climate Changes

Extreme weather is no longer exceptional, and that’s forcing changes at some of the world’s most diligent storm trackers: airlines. Weather delays in the U.S. have been trending higher the past four years, upending historical patterns and jumping to an …

Oil Tanker Insurance Costs to Jump After Gulf Attacks

Oil tanker owners are turning increasingly nervous about loading cargoes from the world’s largest export region for crude after the latest round of attacks on vessels. Both owners and the companies that charter their ships paused bookings on Thursday as …