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World Business

All articles tagged with #world business

"Exposing Dangerous Conditions: AP's Report on India's Shrimp Industry"
world-business1 year ago

"Exposing Dangerous Conditions: AP's Report on India's Shrimp Industry"

An investigation by the Corporate Accountability Lab has revealed grueling and abusive working conditions in India's shrimp industry, the leading supplier of shrimp to the U.S. Workers, including women and widows, endure long hours, unsanitary conditions, and low pay while peeling shrimp for American consumers. The industry's rapid growth has led to environmental damage and widespread antibiotic use, impacting local communities. Major U.S. retailers and seafood distributors, such as Walmart and Sysco, have responded to the allegations by stating they will investigate and take corrective measures.

"Eilat: Evacuees Over Tourists After Hamas Attack"
world-business2 years ago

"Eilat: Evacuees Over Tourists After Hamas Attack"

Eilat, a major tourist destination in Israel, has seen its tourism industry collapse following a Hamas attack, leading to the evacuation of 60,000 Israelis to the city. The influx of evacuees has strained the city's resources, while local businesses, reliant on tourism, have suffered. Efforts are being made to revive the tourism industry, including government aid and advertising campaigns, but the future remains uncertain as the war continues.

"Rising Red Sea Risks Prompt Maersk Reroute, Surge in Shipping Costs"
world-business2 years ago

"Rising Red Sea Risks Prompt Maersk Reroute, Surge in Shipping Costs"

Oil tanker operators are facing a dilemma due to attacks by Houthi rebels in the Red Sea: risk the dangerous passage or face financial losses. Despite the threats, global oil reserves have kept prices stable, and the industry is adapting by rerouting some tankers or sending cargoes to Asia. A U.S.-led coalition is increasing naval presence to ensure safe passage through the Suez Canal, which remains a key route for oil to European markets. The market remains unshaken by these events, with the perception that there is sufficient oil and natural gas supply to counter any disruptions.