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Shipping containers are offloaded from a container ship in the Port of Los Angeles before U.S. President Joe Biden delivers remarks aboard the Battleship USS Iowa Museum on June 10, 2022 in Los Angeles, California.Mario Tama | Getty ImagesNearly a third of logistics managers at major companies and trade groups say they do not know how much trade they would return to the West Coast once an International Longshore and Warehouse Union, or ILWU, labor deal is reached, according to CNBC's supply chain survey.Eighteen percent…

U.S. defense companies are finding it tough to quickly replenish weaponry such as missiles and artillery shells for Ukraine, leading Pentagon officials to revisit whether industry consolidation has gone too far.Two decades of mergers and acquisitions have left the top six contractors to share the majority of Pentagon spending on military equipment. In the 1990s, some 50 firms vied for big contracts.…

New York City hotel owners are toasting a year that showed signs of a sustained recovery from the pandemic, but the prospect of a possible economic downturn is dampening further celebrations. New York and other urban hotels were among the hardest hit early on during the Covid-19 pandemic, when travelers sought warm-weather resorts over crowded cities and business travel collapsed.  Now, New York hotels are finally seeing a turnaround, according to lodging owners and industry analysts. Strong demand from leisure travelers…

Recent government guidelines that may potentially end up making online reviews conform to norms by the Bureau of Indian Standards (BIS) could result in higher costs for even small online platforms that publish consumer reviews, experts said. The guidelines, published on November 23, are currently voluntary and non-binding on internet and ecommerce firms. They are applicable to any organisation that publishes consumer reviews online. However, the guidelines are expected to be reviewed after six months and some fear it…

Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. There’s a lot of fintech news out there and it’s my job to stay on top…

iPhone 14 models may also be made in India, as per a report. Apple is planning to use its manufacturing lines in the country to supplement the iPhone 14 production in China amid geopolitical issues and disrupted economic activity due to COVID restrictions in the country that has been making Apple handsets for a long time now. However, Apple is reportedly worried about the high standards it maintains for the product secrecy amid India expansion efforts. The first batch of iPhone 14 from India are likely to be finished in…

NEW DELHI : The government’s plan to set up a committee, which will have powers to overrule decisions by social media platforms to either take down, remove or block users’ content could lead to selective moderation on platforms and curb dissent, technology policy experts warned. The setting up of the Grievance Appellate Committee (GAC) was proposed in the amendments to the Information Technology (Intermediary Guidelines and Digital Media Ethics) Rules (IT Rules, 2021)…