News Snapshot:
China partly shut the world’s third-busiest container port after a worker became infected with COVID-19, raising fears that it could further strain shipping and drive up prices of goods, which could fuel inflation. China partly shut the world’s third-busiest container port after a worker became infected with Covid, threatening more damage to already fragile supply chains and global trade as a key shopping season nears. All inbound and outbound container services at Meishan terminal in Ningbo-Zhoushan port were halted Wednesday until further notice due to a “system disruption,” according to a statement from the port. An employee tested positive for...
