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Singapore promises power customer safeguards as retailers fold

Bloomberg Singapore is offering assistance to power retailers and promising safeguards for customers as skyrocketing prices strain its nascent open electricity market. At least two power providers have announced they will cease retail operations after wholesale prices surged to a record last week. The government is offering help in hedging against volatility for those who want to continue operations, the ...

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Supply-chain stress may have peaked already

Don’t look now, but the worst may be over for the supply-chain snarls that have plagued shipments of everything from Coca-Cola Co ingredients to paint, toys and industrial fasteners. Average ocean freight rates have declined for three straight weeks. A composite index of global container prices has fallen back under $10,000 for a 40-foot box for the first time since ...

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Airlines not letting Texas run the table

Texas Governor Greg Abbott wouldn’t want you to mistake his push to forbid private companies and others from issuing vaccine mandates as just another attempt to court conservative voters or tee up a White House bid. His executive order seeking to ban mandates in his state plainly says it’s part of a larger plan “aimed at protecting the health and ...

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