Core Producer Prices Cooler Than Expected In April, Goods Costs Jump Most On Record

LEGO Faces Backlash Over Pride-Themed Content Aimed At Kids Via American Greatness, The Denmark-based toy company LEGO is facing criticism after promoting Pride-themed content on social media and its website. Parents accused the company of introducing LGBT themes to a brand primarily marketed to children. Although LEGO produces some building sets for adults, the company markets most of its products to children. Many young consumers follow the brand on social media. In a recent Instagram post, LEGO celebrated Pride Month with the caption, “Pride moments built, brick by brick. Swipe to see more of our...

China Unveils Nuclear-Powered Floating Hub For Green Shipping China has proposed a large offshore logistics platform powered by nuclear energy that would function as both a cargo transfer hub and a refuelling/charging centre for ships, according to the South China Morning Post. The concept, unveiled by Jiangnan Shipyard, combines port infrastructure, energy generation, and cargo handling into a single floating facility aimed at reducing emissions in maritime transport. The project was presented at the Posidonia International Shipping Exhibition in Greece. The SCMP writes that the platform would rely on a molten salt reactor...

China's Oil Scramble Sends African, Canadian, Latin American Crude Prices Soaring China, the world's largest oil importer, is bidding up crude prices across Africa, Canada, and Latin American markets as disruptions in the Hormuz chokepoint and limited Iranian supplies intensify competition for alternatives. The scramble is squeezing smaller Chinese refineries that once relied on heavily discounted Iranian barrels, according to a new Bloomberg report.  The renewed Chinese buying marks a major shift from a period when subdued Chinese buying helped restrain crude oil prices. With Iranian exports almost entirely shut off by the...