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Biggest US port complex to work nights, weekends to cut logjam

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Bloomberg Ports operating in the US’s biggest gateway for trade with Asia will extend night hours and work weekends to clear port delays amid record volumes. The port of Los Angeles will expand weekend operating gate hours while neighbouring Long Beach will extend the hours during which trucks can pick up and return containers, they said in a joint statement. ...

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Italy to earmark about $4.1bn to curb power bills

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Bloomberg Italy’s government will spend around 3.5 billion euros ($4.1 billion) to protect consumers from a surge in energy prices that’s hit countries across Europe, according to people familiar with the matter. The disbursement could be approved as soon as next week, the people said, asking not to be named discussing confidential plans. Prime Minister Mario Draghi’s administration is also ...

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Used car prices in US on rise, raising inflationary specter

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Bloomberg Used car prices, one of the biggest drivers of US inflation this year, rise again in early September on a monthly basis after idling over the summer. The Manheim US Used Vehicle Value Index, a measure of pricing trends, increased 3.6% in the first half of September compared with a month earlier. That puts it on track for the ...

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