The declining US dollar is increasing costs for travel, imported goods and groceries, while benefiting some multinational companies and exporters. Economists warn that continued weakness in the currency could add pressure on American consumers already facing inflation and rising commodity prices
Washington: Shortage of microchips in production processes in the United States cost the American economy 240 billion USD last year, and electronics companies encountered the most significant impact, the US broadcaster CBS News reported, citing experts. Disruptions were sparked by closure of major chip production plants in Asia due to the pandemic, according to the […]
