Global News

1 UNITED STATES

Crypto Chia leads to hard drive drought

Touted as a greener alternative to bitcoin, Chia uses hard drive storage capacity, instea of proof of work, to underpin its network. Its popularity has caused a scarcity in digital storage SSDs, with manufacturers such as Seagate and WD unable to meet demand. 2 CANADA

Uber Freight introduces new Shipper Platform

The popular ride-sharing

platform Uber, which also operates a service for hauliers, has announced the rollout of its new Shipper Platform. The company has developed applications that link pedestrians to nearby drivers, trucking companies with loads to haul, and now a self-service for shipping in Canada.

3 EGYPT

Suez Canal Authority wants $200m to free Ever Given

The operator of the Suez Canal has agreed to free the impounded Ever Given upon receipt of a $200m deposit from the vessel’s owner, Shoei Kisen. The full compensation claim has fallen from £900m to $600m. It will pay for repairs, and “loss of reputation.”

4

FRANCE

Airbus tells suppliers to gear up for aerospace boom

Airbus told suppliers to begin accelerating investment in production capacity and hire more staff. It anticipates a full recovery in aerospace manufacturing within the next two years. CEO Guillaume Faury said: “The aviation sector is beginning to recover from the COVID-19 crisis.”

5

INDIA

Tesco admits labour abuse in Indian supply chain

Tesco has admitted to finding labour abuse in its India garment supply chain after evidence of forced labour of migrant women in cotton spinning mills located across Tamil Nadu. The UK supermarket said: “We recognise our responsibility to everyone in our supply chain and are working to ensure improvements are made."