Connect with us

Business

Dutch Government Activates ‘Early Warning’ Because of Russian Cutbacks on Gas

Published

on

Dutch Government Activates ‘Early Warning’ Because of Russian Cutbacks on Gas

The Dutch authorities stated on Monday that Russia’s tightening of fuel provides to Europe had prompted it to declare an “early warning” stage of a pure fuel disaster, a transfer that can enable extra electrical energy to be generated by burning coal.

Russia’s actions in latest days — mainly the discount of flows by about 60 p.c by means of the Nord Stream 1 pipeline to Germany — have markedly darkened the temper in Europe on power. Governments and trade in Europe are actually satisfied that Moscow plans to make use of fuel as a political weapon in opposition to the biggest European economies within the coming months. Because of this main European nations, not only a handful like Bulgaria and Poland, are more likely to see fuel provides trimmed or minimize fully and must take steps to cut back their vulnerability.

Already fuel flows have been minimize not solely to Germany however to different international locations, together with Italy and France, analysts and authorities officers say. The Dutch authorities stated there have been as but “no acute fuel shortages” within the Netherlands however that declining provides “might have penalties.”

“We now see that the entire fuel provides from Russia to Europe are declining quickly,” stated the power and local weather minister, Rob Jetten, in an announcement. Mr. Jetten stated that with out taking measures the Netherlands and Europe usually wouldn’t be assured to have the ability to refill fuel storage services “sufficiently in preparation for the winter.”

Most European international locations construct up fuel shares in the summertime when demand is low, in preparation for the winter, when fuel consumption soars for heating. Inadequate reserves might result in greater costs and enhance Europe’s vulnerability to Russian blackmail on power.

Advertisement

The Dutch authorities stated it was taking rapid steps to curb consumption of fuel. These embrace lifting limits on coal-fired electrical energy stations till 2024. The federal government additionally stated it will encourage residents and companies to avoid wasting fuel, together with by giving a monetary incentive to massive industrial customers to chop their consumption.

Over the weekend the German authorities took comparable steps with regard to coal, and Austria stated it will enable the conversion of a gas-fired energy plant to coal.

The Dutch authorities is resisting some calls to ramp up output on the Groningen fuel discipline, a significant supplier within the north of the nation that officers have scheduled to shut due to earthquakes triggered by the extraction of the gasoline. The federal government seems to be making an attempt to maintain its choices open on Groningen, which is operated by a three way partnership owned by Shell and Exxon Mobil.

The federal government stated in its assertion that it had determined to not shut “any wells definitively this yr” due to what it referred to as “unsure geopolitical developments.”

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Business

The Imports the U.S. Relies On Most From 140 Nations, From Albania to Zimbabwe

Published

on

The Imports the U.S. Relies On Most From 140 Nations, From Albania to Zimbabwe

President Trump’s on-and-off tariffs have created deep uncertainty about the cost of imported goods — and it’s not always clear what goods will be most affected with any given country.

The largest U.S. imports from many countries are oil and gas, electronics, cars and pharmaceuticals. But there’s another way to look at what Americans import: trying to measure a country’s distinct contribution to the U.S.’s total needs.

Advertisement

For example, China’s largest exports to the U.S. — by dollar value — are electronics. But the U.S. also imports large quantities of electronics from elsewhere. Nearly 100 percent of imported baby carriages, however, come from China.

Switzerland, meanwhile, is responsible for nearly all of America’s imported precious metal watches. Ethiopia, on the other hand, sends the U.S. around 2 percent of its imported knit babies’ clothes — but that’s a larger share than for any other item it exports to the U.S.

The table below shows the item the U.S. relies on most from each of 140 trading partners. (We took out items that the U.S. also exports in large quantities, such as petroleum.)

Advertisement

Advertisement

What the U.S. is most reliant on from each country

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

COUNTRY ITEM
Canada Live pigs
Peru Calcium phosphates
South Africa Chromium ore
Switzerland Precious metal watches
China Baby carriages
Mexico Self-propelled rail transport
Portugal Natural cork articles
India Synthetic reconstructed jewelry stones
Italy Vermouth
Indonesia Palm oil
Madagascar Vanilla
Turkey Retail artificial filament yarn
Brazil Semi-finished iron
Vietnam Coconuts, brazil nuts, and cashews
Australia Sheep and goat meat
New Zealand Misc. animal fats
Gabon Manganese ore
Chile Refined copper
Netherlands Bulbs and roots
Spain Olive oil
Taiwan Tapioca
Argentina Groundnut oil
Colombia Cut flowers
Bolivia Tungsten ore
Dominican Republic Rolled tobacco
Cote d’Ivoire Cocoa paste
Germany Felt machinery
Finland Cobalt oxides and hydroxides
Japan Pianos
Israel Phosphatic fertilizers
Philippines Coconut oil
France Insect resins
Thailand Sugar preserved foods
Malaysia Rubber apparel
Ireland Sulfonamides
Pakistan Light mixed woven cotton
Singapore Glass with edge workings
Guatemala Bananas
Ecuador Cocoa beans
South Korea Rubber inner tubes
Jamaica Aluminum ore
Bangladesh Non-knit babies’ garments
Austria Handguns
United Kingdom Antiques
Cambodia Gum coated textile fabric
Nicaragua Rolled tobacco
Guyana Aluminum ore
Ukraine Seed oils
Belgium Flax woven fabric
Bahrain Stranded aluminum wire
Sri Lanka Coconut and other vegetable fibers
Morocco Barium sulphate
Romania Steel ingots
Norway Carbides
Sweden Stainless steel ingots
Costa Rica Bananas
Honduras Molasses
Paraguay Wood charcoal
Denmark Casein
Tunisia Pure olive oil
Russia Phosphatic fertilizers
Fiji Water
Hong Kong Pearls
Nepal Knotted carpets
Poland Processed mushrooms
Lebanon Phosphatic fertilizers
Croatia Handguns
Bulgaria Non-retail combed wool yarn
Laos Barium sulphate
Mozambique Titanium ore
Ghana Cocoa beans
Bahamas Gravel and crushed stone
Greece Dried, salted, smoked or brined fish
Jordan Knit men’s coats
Czech Republic Rolling machines
El Salvador Molasses
Egypt Spice seeds
United Arab Emirates Raw aluminum
Uganda Vanilla
Nigeria Raw lead
Uruguay Bovine, sheep, and goat fat
Latvia Book-binding machines
Kazakhstan Ironmaking alloys
Cameroon Cocoa paste
Lithuania Wheat gluten
Oman Metal office supplies
Hungary Seed oils
Belize Molasses
Faroe Islands Non-fillet fresh fish
Qatar Pearls
Myanmar Misc. knit clothing accessories
Zambia Precious stones
Slovenia Packaged medications
Senegal Titanium ore
Algeria Cement
Haiti Knit T-shirts
Kenya Titanium ore
Liechtenstein Iron nails
Georgia Ironmaking alloys
Liberia Rubber
Serbia Rubber inner tubes
Iceland Fish fillets
Democratic Republic of the Congo Refined copper
Botswana Diamonds
Chad Insect resins
Zimbabwe Leather further prepared after tanning or crusting
Luxembourg Polyamide fabric
Panama Non-fillet fresh fish
Albania Ironmaking alloys
Estonia Fishing and hunting equipment
Ethiopia Knit babies’ garments
Namibia Wood charcoal
Venezuela Processed crustaceans
Slovakia Rubber tires
Lesotho Knit men’s shirts
Tanzania Precious stones
Papua New Guinea Vanilla
Mauritius Processed fish
Saudi Arabia Iron nails
Moldova Wine
Suriname Non-fillet fresh fish
Angola Pig iron
Armenia Diamonds
Trinidad and Tobago Non-fillet fresh fish
Macau Knitted hats
North Macedonia Curbstones
Togo Fake hair
Bosnia and Herzegovina Non-knit women’s coats
Republic of the Congo Antiques
Azerbaijan Ironmaking alloys
Iraq Antiques
Libya Misc. vegetable products
Cyprus Olive oil
Kuwait Ironmaking alloys
Malta Air conditioners
British Virgin Islands Diamonds
Brunei Knit T-shirts
Cayman Islands Phones
Equatorial Guinea Knitted hats
Sint Maarten Hard liquor

Curious where the U.S. imports a particular item from? You can look it up below.

Advertisement

Searchable table

Advertisement

About the data

We analyzed U.S. International Trade Commission data on goods imported for consumption in 2024. We used product descriptions from the Observatory of Economic Complexity to label the goods, and edited these descriptions lightly.

Advertisement

We grouped goods using the first four digits of their code in the Harmonized Tariff Schedule, which lists categories of products.

We excluded goods that are widely produced in the U.S., using export data to remove goods where the U.S. exports at least 25 percent of what it imports by value.

Advertisement

We included only trading partners that export at least $50 million of goods each year to the U.S.

Continue Reading

Business

From 'Squid Game' to 'Frankenstein,' Netflix takes brand promotion to a new level at Tudum

Published

on

From 'Squid Game' to 'Frankenstein,' Netflix takes brand promotion to a new level at Tudum

Vanessa Agabo-Davalos has spent hours watching the dystopian drama “Squid Game” on Netflix. But nothing could prepare the 21-year-old college student for seeing one of the show’s actors walk the red carpet a few feet in front of her.

She found herself starstruck in the presence of Kang Ae-sim, who portrays Geum-ja (Player 149) on the South Korean thriller. All the more so when they snapped a photo together.

“You forget everything. You forget how to talk — it’s just like ‘Wow, I saw you on TV,’” said Agabo-Davalos, who traveled an hour from the Inland Empire and can’t wait to see the final season this month. “I feel like it’s a dream come true for the ones that really enjoyed these shows.”

She was among the more than 9,500 Netflix fans who gathered Saturday at the Kia Forum in Inglewood for Netflix‘s Tudum live event, an hours-long extravaganza meant to hype up audiences for upcoming series, movies and returning franchises.

People traveled from all over the world to celebrate their love for shows including “Squid Game,” Addams Family series “Wednesday” and sci-fi show “Stranger Things.”

Advertisement

During Netflix’s variety-show like program onstage at the famed venue, the company showed off how its computer animated version of Tony Tony Chopper, a toddler-sized reindeer-boy character in the live action pirate series “One Piece,” would appear in the upcoming season.

Oscar-winning director Guillermo del Toro unveiled a new teaser trailer for his November Netflix movie, “Frankenstein,” starring Oscar Isaac and Mia Goth, who both appeared onstage with the filmmaker. Fans also saw the first six minutes of the first episode of Season 2 of “Wednesday,” which will be released in August.

The event, named after the sound that plays before a Netflix program begins (“tuh-dum”), was part of Netflix’s ongoing effort to harness the enthusiasm its viewers have for its most popular programs and inspire them to keep streaming.

“It is about celebrating fans and giving something back to them,” Netflix’s Chief Marketing Officer Marian Lee told The Times after the event. “Of course it is also about promoting … we have a huge slate coming up.”

Netflix hosted the first Tudum event in 2020 in São Paulo, which came from the company’s Brazil team, which had an idea for an event that rewarded the streamer’s fans of young adult shows. That later led to Tudum evolving into different formats including festivals and livestreams, events that were more like a fan convention.

Advertisement

In 2023, Netflix held Tudum again in São Paulo, drawing more than 35,000 attendees and more than 78 million views through Netflix’s social channels.

But Saturday’s festivities in Inglewood took Netflix brand promotion to a new level.

It was the first time Tudum was livestreamed directly on Netflix, rather than on YouTube or social media outlets. The event played like a roughly two-hour live variety show, featuring “ask me anything” segments, as well as performances from music artists including Lady Gaga, who appears in the next season of “Wednesday.”

Xavier Woods, left, and Kofi Kingston attend Netflix Tudum 2025: The Live Event at the Kia Forum on Saturday in Inglewood.

(Emma McIntyre/Getty Images for Netflix)

Advertisement

There was plenty of cross promotion of Netflix content during the show, as WWE wrestlers talked about why people should tune into their weekly live show on the platform, while also speaking about their love for “One Piece,” based on manga.

Tudum host Sofia Carson touted her upcoming Netflix movie, “My Oxford Year,” which also stars Corey Mylchreest, known for portraying King George III in Georgian era romance series “Queen Charlotte” from the “Bridgerton” universe. Sesame Street‘s Cookie Monster also made an appearance with actors Ben Affleck and Matt Damon, who star in the new Netflix movie “The RIP.”

“I don’t think another studio can pull this off in the way that we did,” Lee said. “Fandoms can be unique and distinct. They’re putting all those fans in a room together, WWE fans next to [mystery movie] ‘Knives Out’ fans next to Lady Gaga fans for ‘Wednesday.’ That’s an incredible achievement. That is something only Netflix can do.”

To some people, Tudum is a page borrowed from Walt Disney Co., which hosts the biennial D23 fan convention in Anaheim, pulling together disparate fandoms (Disney princesses, Marvel, Pixar, Star Wars) to converge in the same place. It raises the question: Does Netflix, a streaming service that produces shows from just about every genre for just about every kind of audience, have fans in the same way that Disney does?

Advertisement

Over the years, Netflix has expanded its live events and in-person experiences to keep viewers engaged. Those have included “Bridgerton” balls, Netflix-themed eateries and retail stores selling merch based on “Stranger Things” and other shows.

Lee declined to say how much Netflix spent on the event. Some fans bought tickets, ranging from $25 to $75, while others said they scored free tickets. Netflix said tickets sold out in about a week.

Netflix doesn’t have iconic animated characters like Mickey Mouse or storied franchises like “Star Wars” or Marvel. But Netflix’s strategy is to have something for everyone, and because of that, people are reluctant to quit it, industry observers say, even as economic anxieties run rampant.

“That is the competitive advantage of Netflix,” said Larry Vincent, a marketing professor at USC Marshall School of Business. “It really has become the big tent of streaming. They’ve invested pretty significantly to develop a stockpile of content.”

The streamer said last year it had more than 301 million subscribers globally. On Saturday, the attendees reflected that expansive audience.

Advertisement
Fans at Netflix Tudum 2025: The Live Event at the Kia Forum on Saturday in Inglewood.

Netflix Tudum 2025: The Live Event at the Kia Forum on Saturday in Inglewood.

(Adam Rose/Netflix)

Fans dressed up as their favorite characters from Netflix shows. People wore black dresses similar to Wednesday’s attire, straw hats in support of “One Piece” and green tracksuits like the ones players wear in the deadly “Squid Game.”

When Cookie Monster appeared behind a DJ booth on the “N” shaped red carpet to sing “‘C’ is for Cookie,” adults in “Squid Game” tracksuits joined in the chorus.

“It’s all-encompassing and global and passionate,” Tudum host Carson, known for starring in Netflix movies including “Carry-On” and “Purple Hearts,” said in an interview after the event ended. “It is truly extraordinary to feel the love from every single part of the world — it crosses languages, it crosses cultures.”

Advertisement

Shaheidi Jimenez, 21, came to the Netflix event as a fan of “Wednesday” and “Squid Game.” She hadn’t watched “Stranger Things,” but seeing the screaming fans for the show’s actors on the red carpet made her more curious about the sci-fi series.

“When I see the cast, it makes me want to watch it now,” Jimenez said. “I’m familiar with them more. It makes me want to watch the show and probably get into it.”

Continue Reading

Business

L.A. wildfire victims uncertain about returning to their burned neighborhoods

Published

on

L.A. wildfire victims uncertain about returning to their burned neighborhoods

A new survey of victims of the Palisades and Eaton fires shows most would like to return to their old neighborhoods, but they’re worried that government officials can’t make it happen soon enough.

The vast majority of burned-out homeowners surveyed said they intend to rebuild the homes destroyed in the devastating January fires — yet half say they are unwilling to wait more than three years to return.

Urgency on all fronts is paramount to a successful revival of the lost neighborhoods, Los Angeles real estate developer Clare De Briere said.

She helped oversee the survey conducted by Project Recovery, a group of public and private real estate experts who compiled a report in March on what steps can be taken to speed revival as displaced residents weigh their options to return to Pacific Palisades, Altadena, Malibu and other affected neighborhoods.

Advertisement

The report was compiled by professors in the real estate graduate schools at USC and UCLA, along with the Los Angeles chapter of the Urban Land Institute, a real estate nonprofit education and research institute.

For the follow-up survey, Project Recovery tracked down nearly 350 homeowners who experienced total loss or significant damage to their properties to determine their preferences for the future. Most would like to return, but are skeptical about their chances to get back in the near future and will only wait so long before settling in elsewhere.

“For every year it takes to at least start the rebuilding, 20% of the population will find another another place to go,” De Briere said. “If that statistic is right, then after five years, you’re going to have a whole new community there, so it won’t be the same.

“You won’t have the same people remembering the same parades and the same soccer teams, or the librarian who used to have story hour in the local library. All that sort of cultural memory gets, gets wiped out,” she said.

The Project Recovery report outlines a plan to get homes rebuilt within three years after the land is cleared for redevelopment, but it requires close, constant cooperation between builders and public officials overseeing construction approval and restoration of infrastructure such as water and power.

Advertisement

In the recent survey, the top concern of displaced homeowners “was about the lack of leadership, both on the city and the county side to get it done,” she said.

That response came as a surprise to De Briere, who expected affordability to be the chief concern, since many homeowners are indeed worried that they won’t have enough money to rebuild the way they want.

But it typically takes up to 18 months to get a building permit in Los Angeles, a process that needs to be reduced to one to two months, Project Recovery said.

That would require using an expedited process being explored by Los Angeles officials that would allow licensed architects, engineers and design professionals to “self-certify” building plans and specifications as compliant with objective building code requirements. Artificial intelligence could crosscheck their assertions far faster than human staff would be able to do it.

Other major concerns among homeowners surveyed was that rebuilding would take too long and that their communities may never be the same.

Advertisement

Homeowners also worry about being in a fire zone or a landslide zone, she said.

The report authors hope that the rebuilding process will bring better knowledge about managing the ways homes interact with the potentially combustible environment around them.

“If we don’t do it differently, we’re going to have the same thing happen in Beverly Hills, and Bel Air, in Silver Lake, Los Feliz and Echo Park,” De Briere said. “This is what happens when we’re living this close to nature and we’re not managing it right.”

Other findings of the survey included:

  • Two-thirds of those affected by the Palisades fire say they are uncertain they will have sufficient resources to fully cover rebuilding expenses and additional living costs that are not covered by insurance. In the Eaton fire area, 82% either do not have or are uncertain they will have sufficient resources.
  • In the Palisades area, 70% of homeowners may not return if it takes more than three years to rebuild. In the Eaton fire area, 63% may not return after three years.
  • A “look-alike” rebuild within 110% of their prior home size is planned by 77% of people who want to return to the Palisades fire area, while 84% plan a similar rebuild in the Eaton fire area.
  • On average, homeowners in both areas expect about 70% of their rebuilding costs to be covered by insurance. On the low end of anticipated insurance support, 13% from the Palisades fire area and 19% from the Eaton fire area expect that between zero and 50% of their rebuilding costs will be covered by insurance.
  • Owners estimate it will cost about $800 per square foot to rebuild in the Palisades fire area and $570 per square foot in the Eaton fire area.
  • Cost is the top concern for owners in the Palisades fire area with a net worth of less than $5 million, and quality is the No. 1 concern for those with a net worth of less than $1 million in the Eaton fire area.
  • More than 60% of homeowners in both areas are willing to forgo customization of their new homes if financial compromises are necessary.
Continue Reading

Trending