Made.com losses more than double to £31.4mn on higher freight costs

[ad_1] Made.com has warned that profits will remain under pressure after its losses doubled last year, as the UK online furniture retailer grappled with global supply chain disruption and rising transport costs. The furniture sector has been one of the hardest hit by the steep inflation in freight costs as many of its big, bulky […]

UK insurance reform hits new customers with price rises

[ad_1] Leading insurers have said that a big overhaul in UK insurance pricing that came into force in January is having the impact predicted by the regulator, with those shopping around taking the hit of a reform designed to protect loyal customers. The rules sought to eliminate unfair price hikes at the annual renewal, by […]

UK Government Awards CIA-Linked Spyware Firm, Palantir, Another Juicy NHS Contract

[ad_1] There are many reasons why Palantir’s increased involvement in the UK’s health care system is troubling, including, first and foremost, the company’s close ties with the US military and intelligence industrial complexes. The US spyware giant Palantir, with intimate ties to defense, intelligence and security industries around the world and a long, proven track […]

Links 3/8/2022 | naked capitalism

[ad_1] Dear patient readers, Lambert and I, and many readers, agree that Ukraine has prompted the worst informational environment ever. We hope readers will collaborate in mitigating the fog of war — both real fog and stage fog — in comments. None of us need more cheerleading and link- free repetition of memes; there are […]

Charts Paint a Grim Picture Two Years Into the Coronavirus Pandemic

[ad_1] Lambert here: People aren’t masking, so the pandemic is no more. Everything is fine. By Louis Jacobson, PolitiFact. Originally published at Kaiser Health News. The coronavirus pandemic is now stretching into its third year, a grim milestone that calls for another look at the human toll of covid-19, and the unsteady progress in containing […]

FirstFT: Ukraine begins civilian evacuation

[ad_1] Ukraine began evacuating civilians from some of its hardest-hit urban areas today after tentative signs that a ceasefire with Russian forces was holding up for the first time. After several failed attempts to allow civilians to escape frontline fighting in recent days, Russia and Ukraine said they had agreed to avoid clashes in defined […]

10 Tuesday AM Reads

[ad_1] My Two-for-Tuesday morning train WFH reads: • From Apple to Visa, the business world is imposing its own sanctions on Russia: Most private companies aren’t legally bound to exit Russia, but the PR is terrible if they stay. (Los Angeles Times) see also How are the Big Sanctions hurting Russia so far? Let’s take […]

Supreme Court Hears Case on EPA GHGs Regulation

[ad_1] Yves here. This post reviews the main arguments in an important pending case on the authority of the EPA. It even includes issues of standing. By Lexi Smith, a third-year student at Yale Law School. She studied environmental science and public policy as an undergraduate at Harvard, and she worked as an advisor to […]

Oil shocks need not stoke inflation

[ad_1] This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. Ethan here; Rob’s off reeling in a big catch, hopefully. Monday was a brutal day in Ukraine. The latest reports are that Russia is shelling cities as civilians […]

Curbs on Russian exports raise risk of an oil shock and recession in Europe

[ad_1] The spike in oil and gas prices triggered by the Ukraine conflict and western moves to punish Moscow has raised the threat of the worst stagflationary shock to hit energy importing economies since the 1970s. Crude prices surged after Antony Blinken, US secretary of state, said at the weekend that Washington was discussing a […]

Russia/Payments: China is no shelter from sanction storm

[ad_1] Punitive sanctions unleashed by the west leave Russia increasingly economically isolated. They may have the unintended consequence of drawing Russia and China closer together. This could be accelerated by the two countries’ efforts to create alternative payment systems. But fears that it will give rise to a powerful new economic bloc look overblown. In […]

EPA Proposes Tougher Emissions Standards For Trucks

[ad_1] By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. The Environmental Protection Agency (EPA) today proposed tougher emissions standards for heavy duty trucks, vans, and busses, the first such upgrade for this category of vehicles since 2001. I am aware […]