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2022 FIFA World Cup odds

The 2022 FIFA World Cup will likely be the final opportunity for Cristiano Ronaldo to lead Portugal to its first world title in the nation's history. The Portuguese will be making their eighth appearance in the upcoming FIFA World Cup in Qatar, which is set to begin on November 21. Ronaldo helped Portugal win Euro 2016, and he'll enter the FIFA World Cup 2022 as the world's all-time leading scorer, having recorded 117 goals for his country. To get more news about bongda24h, you can visit 24h.live official website.

Ronaldo will lead Portugal against Ghana, Uruguay and the Korea Republic in Group H at the 2022 World Cup. Can Portugal make a deep run and win its first World Cup, or should you back a favorite like Brazil, France, Argentina or England? According to the latest 2022 World Cup odds from Caesars Sportsbook, Portugal is listed at 12-1 to lift the trophy. Before you lock in your 2022 World Cup picks, you need to see what SportsLine's soccer insider Martin Green has to say.

After working in the sports betting industry for several years, Green became a professional sports writer and handicapper and has covered the game worldwide. Since then, his European soccer picks have been stunningly accurate. Green has generated almost $35,000 for $100 bettors since the 2017-18 season, and he has his finger on the pulse of the game all over the globe.

Now, Green has analyzed the 2022 World Cup draw from every angle and just revealed his early picks and predictions. You can head to SportsLine now to see Green's 2022 World Cup picks. Green is fading Brazil, who are the favorites to win in Qatar at +450 from Caesars. Brazil is currently the No. 1 ranked team in the FIFA rankings after breezing through World Cup qualifying. However, Green notes the Brazilians have struggled at recent World Cups, losing when it mattered most. Brazil has won the World Cup five times in its history, the most of any nation, but the Seleção haven't lifted the trophy since the 2002 tournament in Japan.

"Brazil has not won the World Cup since 2002, and it crashed out in the quarter finals in 2018," Green told SportsLine. "[Brazil] may find France, England or Spain too strong in the latter stages of this tournament."Green has locked in his best bets to win the 2022 World Cup, along with the top picks to win each group. He's also high on two dark horse teams that are listed higher than 60-1 who have a chance to shock the world and win it all. You can only see them here.

5 reasons why should get a Fat Tire Electric Bike

Electric bikes offer a much more enjoyable and relaxed cycling experience when compared to traditional bicycles. Fat tire electric bikes take this one step further by providing an even more comfortable and bump-free ride, regardless of the terrain. To get more news about ebike for sale, you can visit magicyclebike.com official website.

If you’re still on the fence about purchasing an electric bike, keep reading to find out five reasons why you should get a fat tire electric bike today!One of the best things about electric bikes is that they improve mobility for everyone, especially those who may not have the stamina to continue peddling. This means that people of all ages and abilities can enjoy getting out and about, without having to worry about getting tired or being unable to keep up with faster cyclists. To get more news about e bike, you can visit magicyclebike.com official website.

Fat tire electric bikes also tend to be very comfortable, thanks to their wide tires and upright riding position. This makes them ideal for leisurely rides or commuting, as you can just sit back and relax while the bike does all the work. To get more news about electric bike, you can visit magicyclebike.com official website.

If you’re looking for a bike that will help you get around more easily, without sacrificing comfort or style, then a fat tire electric bike is worth considering.Fat tire electric bikes are becoming increasingly popular for both recreation and commuting. These bikes have several advantages over traditional bicycles, including increased efficiency.

Best fat tire electric bikes can travel over a variety of terrain, including sand and snow, with ease. This allows riders to maintain a higher average speed, as they are not slowed down by the uneven surface.

In addition, the added weight of the electric motor provides a boost when climbing hills or accelerating from a stop. As a result, riders can get where they are going faster and with less effort. For commuters, this can mean arriving at work feeling refreshed and ready to take on the day. For recreational riders, it can mean being able to explore new areas without being limited by the terrain.

Fat tires provide superior traction and stability, making them ideal for riding on rough or uneven terrain. They also offer a smoother ride, thanks to a large amount of surface area that contact the ground. When it comes to reducing your carbon footprint, every little bit helps. And there’s no easier way to lower your emissions than by switching to an electric bike.

Fat tire electric bikes are perfect for getting around town, and they can help you save money on gas and reduce your reliance on car transportation.

Even better, electric bikes have very little impact on the environment. They don’t produce any emissions, and they’re powered by renewable energy sources. So if you’re looking for a way to be more eco-friendly, an electric bike is the perfect solution.

Thanks to their many benefits, fat tire electric bikes are quickly becoming a popular choice for commuters and leisure riders alike.Fat tire bikes offer a unique combination of the benefits of traditional bicycles and motorized vehicles. Fat tire electric bikes are well suited for a variety of terrain and provide a smoother ride than their smaller counterparts. Here are just a few of the health benefits of riding a fat tire electric bike:

Low impact cardio: Riding an electric bike is a great way to get some low-impact cardio exercise. This is especially beneficial for people who are dealing with joint pain or other injuries that make high-impact activities difficult.Improved mental health: Getting out in nature and enjoying the fresh air can do wonders for your mental health. Electric bikes make it easy to get outside and explore, even if you don’t consider yourself an avid cyclist.

Greater muscle activation: When you ride an electric bike, you use more muscles than you would when riding a traditional bicycle. This helps to tone your muscles and improve your overall fitness level.Weight loss: Electric bikes can be a great tool for losing weight or maintaining a healthy weight. The increased exercise can help to boost your metabolism and burn calories, leading to weight loss over time.
Fat tire electric bikes are quickly becoming a popular choice for those looking for an eco-friendly and efficient way to get around. There are several reasons why fat tire electric bikes are better than cars.

First, fat tire electric bikes are much less expensive to operate than cars. They require no gasoline or oil, and the only maintenance they need is the occasional tire change. Second, fat tire electric bikes emit no pollution. Cars, on the other hand, release harmful greenhouse gases into the atmosphere, contributing to global warming.

Third, fat tire electric bikes are much more efficient than cars. A single charge can power a fat tire electric bike for up to 100 miles, whereas a car can only travel a few hundred miles on a tank of gas. Finally, fat tire electric bikes are simply more fun to ride than cars! Whether you’re cruising down the street or hitting the trails, you’ll enjoy the wind in your face and the freedom of being on two wheels.

As E-Bikes Speed Up, a Policy Dilemma Looms

Earlier this month Dutch e-bike maker VanMoof unveiled its powerful new V model, which comes with two motors, a 700-watt engine, and a top speed of 37 miles per hour. With an expected price of $3,598 in the United States, the V is scheduled to hit the streets at the end of 2022.To get more news about ebike for sale, you can visit magicyclebike.com official website.

For a bicycle, the V is fast — really fast. To offer a comparison, 37 mph exceeds the all-time record for average speed in a Tour de France time trial. Rather than call the V an e-bike, VanMoof describes it as a “hyperbike,” a term the company created. Cofounder Ties Carlier says that the V “will be the most efficient and comfortable way to get around cities like London, Tokyo and Los Angeles.”To get more news about e bike, you can visit magicyclebike.com official website.
VanMoof is not the only company pushing the envelope on a bike’s speed and power. A New Zealand company called Speedi offers a device that can supposedly hack an e-bike’s sensors to boost speed by 50%. Meanwhile, the Vintage Electric Roadster already goes 40 mph, and a vehicle called the Revolution X is advertised as reaching 60 mph. (Such bikes typically have a setting that can restrict speed.) These machines are blurring the already murky distinctions between electric bikes and faster, more powerful mopeds, motor scooters, and motorcycles. To get more news about electric bike, you can visit magicyclebike.com official website.

From a policymaking perspective, should a 37-mph e-bike still count as a bicycle, or should it be regulated like faster vehicles with a throttle? Motorcycles and mopeds are often subject to an array of laws and restrictions that e-bikes aren’t, such as license plate mandates, helmet requirements, and special driver’s licenses. Such distinctions break down for the new class of high-speed e-bikes. After all, any two-wheeled vehicles traveling at 40 mph likely create comparable risk to the rider as well as other street users.

Achieving the right policy balance is tricky. Lax rules for super-fast bikes could place cyclists and pedestrians in danger, but overly onerous ones could jeopardize the opportunity for two-wheeled vehicles to supplant the automobile, a transition that many environmental and urban advocates are eager to see.Ready or not, cities and states will need to decide how to navigate a strange new world of hyper-charged two-wheelers.

It’s easy to see how we arrived at this moment. The e-bike market is exploding, posting an annual growth rates of 240% in the U.S., according to the market research firm NPD Group, and driving rival manufacturers to search for an edge. “Bike companies want to innovate and break records,” says Noa Banayan, the director of federal affairs for PeopleforBikes, an industry group. “That’s something you’re seeing evolving with e-bikes right now.”

For VanMoof’s Carlier, designing the V for speed was a no-brainer. “We have 150,000 riders around the world,” he says, “and almost all of them want the option to go faster.”

Carlier says he doesn’t expect V riders to go flat-out on a downtown ride; automobiles, he notes, are almost always driven well below their top speeds (which, notably, are far above prevailing speed limits). “Twenty miles per hour is very suitable for the center city,” he says.“The V is a bike for going outside the city. We’re looking beyond the bike lane.” Carlier envisions cyclists using the V to commute from th e suburbs, mixing with cars and trucks on main roads as they approach the urban boundary — at which point V riders will slow before continuing their journey.

Carlier says that VanMoof is in discussions with Dutch cities about arranging a geofence that uses sensors to automatically slow speedy V riders who cross into a designated area. The use of such geofences is now common with shared scooters, though it is seldom seen on privately owned vehicles. But the idea seems to be catching on: BMW recently introduced a concept bike that also accommodates geofenced speeds.

Aware of the V’s power, Carlier believes that government oversight is necessary. “There should be a minimum age and driver’s license,” he says. But he demurs on other possible limitations, such as requiring insurance or limiting where a V could be ridden.

For now, though, the regulatory landscape for a 37-mph e-bike is muddled in the United States. In 2002, the federal Consumer Product Safety Commission established a general definition of e-bikes (under 750 watts of power and a top speed of 20 mph), but states typically determine whether such vehicles must be registered, while cities decide where they can be ridden. More than 30 states have now adopted a three-tiered classification system developed by the bike industry. The fastest Class 3 e-bikes are limited to 28 mph. (A few stragglers like Massachusetts still have yet to codify their e-bike rules, though a new bill may address that.) Congress used the three-class system in its current proposal for a federal e-bike tax credit, meaning that bikes like the VanMoof V that exceed 28 mph wouldn’t be eligible for it.

So where does all of this leave an electric bicycle that goes faster than a Class 3 e-bike? Basically, in limbo. “It’s an out-of-class vehicle,” says Banayan. “How a vehicle like that is regulated is up to the states, and there aren’t yet any clear trends on how they are addressing these products.”

Guardforce AI Expands its Robotics-as-a-Service Business

an integrated security solutions provider, announced today that it has opened new offices in Tokyo, Japan and San Francisco, California, expanding its Robotics-as-a-Service (RaaS) business lines in these two markets. The Company’s robotics solutions offering in these two locations will include the T-series robot for reception services, food delivery robots, and disinfection robots for restaurants, shopping malls and hotels.To get more news about Robotics as a Service, you can visit glprobotics.com official website.

Terence Yap, Chairman of Guardforce AI, commented, “Opening offices in Tokyo and San Francisco mark important milestones as these two markets represent significant opportunities for our RaaS business line. With increasing labor costs and the aging population, in Japan alone automated robotic services are expected to double from 2020 to 2026. In addition, San Francisco is a well-known tech hub with high quality technology engineers and renowned technology research centers, making it the perfect location to set up our RaaS operations to attract talent and build a comprehensive technology ecosystem surrounding our RaaS solutions. We are rapidly expanding in key markets globally to meet the growing needs of our clients and partners with the goal of becoming a leading provider of RaaS services worldwide.”
This press release contains statements that do not relate to historical facts but are "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can generally (although not always) be identified by their use of terms and phrases such as anticipate, appear, believe, continue, could, estimate, expect, indicate, intend, may, plan, possible, predict, project, pursue, will, would and other similar terms and phrases, as well as the use of the future tense. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on current beliefs, expectations and assumptions regarding the future of the business of the Company, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control, including the risks described in our registration statements and reports under the heading "Risk Factors" as filed with the Securities and Exchange Commission. Actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Forward-looking statements in this press release speak only as of the date hereof. Unless otherwise required by law, we undertake no obligation to publicly update or revise these forward-looking statements, whether because of new information, future events or otherwise.

United States CAD Software Markets

The U.S. CAD software market value stood at $2,458.6 million in 2020, and it is expected to rise to $4,271.5 million by 2030, exhibiting a CAGR of 5.7% from 2020 to 2030.To get more news about cad software, you can visit shine news official website.

The major factor driving the market is the surging usage of the CAD software in the packaging industry and automotive industry.

The U.S. is home to several industries that were significantly affected because of the lockdown imposed by the government to control the spread of the COVID-19 infection. For example, the growth of the automotive industry slowed down massively because of the disruptions in the manufacturing and supply chain processes on account of the imposition of lockdowns and restrictions on the movement of people and goods. This subsequently hampered the progress of the U.S. computer-aided design software market as the demand for the software fell among automobile manufacturers.
Between 3D and 2D software, the demand for the former was higher during the last few years, and this trend will continue in the upcoming years. The 3D software works more efficiently and provides a deeper insight when drawing designs than the 2D version.

End users are predicted to prefer cloud-based deployment over the on-premises one in the coming years. This is because the cloud provides improved agility, remote access from any internet-connected device, and better scalability.

The aerospace and defense industry is expected to use the CAD software extensively in the coming years, owing to the growing requirement for state-of-the-art space shuttles, aircraft, and missiles. High accuracy is required in the production of aerospace and defense components, which is fueling the adoption of the CAD software for product designing in this industry.

The players operating in the U.S. CAD software market are focusing on mergers and acquisitions to bolster their position. For instance, an agreement was signed by 3D Systems Corporation in September 2021 for acquiring Oqton Inc., a software company that offers cloud-based manufacturing operating system (MOS) platforms.The mushrooming requirement for the CAD software in the packaging industry is one of the major growth drivers for the U.S. CAD software market. Packaging systems are needed for labeling, product filling, strapping, and wrapping processes.

With these machines becoming highly complex, designers and engineers are turning to the CAD software for meeting the mechatronic engineering challenges. This software makes unconventional modeling of packaging equipment possible via simulation and various communication control tools, which assist in the optimization of motors and selection of actuators.

Dassault Systemes SE, Hexagon AB, Bentley Systems Inc., Autodesk Inc., 3D Systems Corporation, Trimble Inc., Siemens AG, IronCAD LLC, AVEVA Group plc, PTC Inc., and CNC Software Inc. are some of the most-significant companies in the market.

Are smart door locks secure enough?

Ever since we understood the value of keeping our possessions to ourselves, the importance of locks became vital in our lives. All of this started with the invention of the wooden pin lock in Mesopotamia some 6000 years ago. In fact, door locks have always been complex from a design perspective, which you would expect from a security device. These days, having technology tell you to let Siri take control of your door lock or having one that responds to your fingerprint can make you hesitant.To get more news about best smart locks wifi, you can visit securamsys.com official website.

It’s not that smart door locks aren’t secure, but they aren’t exactly flawless either. You don’t want to risk making your home vulnerable to attacks just because you have a smart door lock. However, statistics say that homes without security systems are 300% more likely to be broken into. So, whether or not we should be using them in our everyday life is still debatable.
What is a smart door lock?
If we had to summarize smart door locks in a sentence, we’d say that they make your door more clever. They do a lot more than just serve as a simple deadbolt for your door. So, whether they’re attending to a delivery guy or automatically unlocking the door for a guest while you’re away, these locks help you tackle everyday issues in a more convenient way. However, not everything comes without a consequence.

Last year, over 200 AirBnB customers were impacted by a software update glitch on one of Lockstate’s smart door locks. While not being able to enter your home because of a door lock issue might sound trivial at first, a non-functioning lock leaves your home defenseless.
However, with services like Amazon Key coming into play, we can only hope to see more advancement in the home security field of door locks in the coming years. As MIT professor Stuart Madnick says,

Types of smart door locks
1. Smartphone Controllable — You can easily control these locks from your smartphone and give virtual keys to your guests for specific time slots.

2. Biometric — These locks respond to your fingerprint and are considered much more secure compared to others.

3. Key Fob (Proximity Lock) — To operate these locks, you need to carry the key fob in your pocket. Whenever you’re near the lock, it either opens automatically or you need to press the fob button for it to open.

4. Surveillance Systems — Other than serving as locks, these systems also come with a camera that records any activity surrounding the lock.
This system gives your smartphone the power to be a smart key for your door. There’s no more need for physical keys. Totally advanced for your modern world, the Smart Lock Pro comes with the August Connect Bridge.
This door lock comes with a deadbolt-style smart lock as well as a bridge. Connecting via Wi-Fi, you can lock and unlock your door from anywhere in the world. Using the app for iOS and Android, Bolt is perfect for granting entry for friends and family, service people, and even Airbnb owners.

This lock seamlessly integrates into the rest of your smart home suite, which expands its functionality. The Touchscreen Deadbolt allows you to enter your home with a simple yet secure PIN.
This system takes its design seriously, so it looks as great as it functions. Remarkably small, the Otto Lock installs directly into your door. As you get closer with your smartphone, the Otto Lock recognizes your presence.
You can use your smartphone and a simple tap, a smart card, or even an access code to unlock your home. In addition, you get full security with the built-in camera. When someone approaches, the Latch M Series automatically takes a snap to record it.

Best smart door locks for home

Home security is an essential part of every modern home. While regular door locks might be enough in some places, being able to remotely control and manage your home security gives you peace of mind. The best smart door locks combine the strength of regular door locks with biometric security and other solutions.To get more news about wifi smart door lock, you can visit securamsys.com official website.
The Lavna Locks smart door lock sports a minimalist and utilitarian design. It works well with wooden as well as metal doors. This smart door lock comes with features like fingerprint unlock, RFID card, PIN or passwords as well as the good old physical key. Apart from this, it also supports OTP-based login which can be useful when you have guests arriving. The Lavna Locks smart door lock is a great option that comes with many features and an elegant design.

The Tinxy smart door lock comes with several security features like voice unlock, door unlock status, secure access and more. It sports a compact design that takes up less space comparatively. It allows you to unlock your door from anywhere using an app that works with Android devices as well as iPhones. It also comes with support for theft alarm. The Tinxy smart door lock comes with many security features, making it a great option in its segment.
The OPEN Door Two smart door lock offers an understated brushed design that should go well with a wide range of door designs. It supports multiple unlocking methods, including password, smart card, mechanical key and fingerprint. It also supports one-time passwords, which come in handy when guests arrive at home and you’re away. The OPEN Door Two smart door lock is a feature-packed smart security solution in the affordable segment.
The amiciSmart smart door lock takes it a notch higher with its combination of sleek design and unique features. It offers five different ways of unlocking the door, including a mobile app, fingerprint, password, touchless smart cards and a mechanical key. Users can also use one-time passwords to make sure the security is not compromised. The amiciSmart smart door lock is a feature-packed product featuring several highly secure ways to unlock your door.
The Yale YDME 50 smart door lock is another option that is worth considering. It is made of zinc alloy and has a glossy silver finish. This deadbolt lock can be unlocked using a pin code, RFID cards and a mechanical key. It can register up to 30 RFID cards and 78 pin codes. The Yale YDME 50 smart door lock is a deadbolt lock made of solid metal that makes it a highly secure product.
The Godrej smart door lock comes in a sleek design and supports locking using four unique passwords with a length of 4 to 12 digits. In case you’re locked out and don’t remember the password, you can use a mechanical key to unlock the door. Apart from this, it also supports up to 100 fingerprints and RFID Smart Key for enhanced security. The Godrej smart door lock combines elegant design with security to offer a great overall security solution.
The OPEN 3 smart door lock is another option worth considering, thanks to its ample feature set and a simple design. This smart door lock supports 5-way unlocking, with options like fingerprint, OTP with time-bound access, passcode, NFC, and emergency key. It lets you register up to 100 fingerprints and 100 NFC card users. It works with wooden doors. The OPEN 3 smart door lock offers a clean and elegant design and a wide range of features, allowing you to securely lock your home or office.

China registered an economic growth of 4.8 per cent in the first three months of 2022. However, the first quarter growth was well below the ruling Communist Party's official target of 5.5 per cent for the entire year, according to official data released on Monday.To get more Shanghai economy news, you can visit shine news official website.

The country's gross domestic product grew 4.8 per cent year on year during January to March, picking up pace from a 4 per cent increase in the fourth quarter last year, data from the National Bureau of Statistics (NBS) showed on Monday.

In India, the financial year is calculated from April 1 to March 31. However, in China, the fiscal year is the same as the calendar year. So, the financial year in China is calculated from January 1 to December 31.The economic growth remained below the official estimates as fresh outbreaks of Coronavirus prompted the shutdown of major industrial cities, including the financial hub of Shanghai.

Also, there was a slump triggered by tighter government controls on the use of debt by China's vast real estate industry. Forecasters have said that will be hard to meet without more government stimulus spending, according to The Associated Press (AP).

Retail sales in China fell 3.5 percent year-on-year in March. This was the first contraction since August 2020, according to a report in China's official media, Global Times.Observers of China's economy also cited "unprecedented downward pressure since the first quarter of 2020 due to coronavirus flare-ups, supply chain snags and external uncertainties arising from the Russia-Ukraine conflict," as per the Global Times report.

Earlier, China set its gross domestic product (GDP) growth target for 2022 at around 5.5 per cent to focus on slower growth in order to stabilise its economic fundamentals this year, as the world's second-largest economy beefed up supportive measures to shore up growth against strong headwinds.

"We must be aware that the domestic and international environment is becoming increasingly complicated and uncertain, and that economic development is facing significant difficulties and challenges," NBS spokesperson Fu Linghui said on the Q1 figures.

"With regard to the trend of the next stage, although there is some pressure in the short term on the economy from the perspective of the whole year, China’s economy is expected to maintain a recovery trend of development," he said.

Last Friday, China’s central bank, in a much-anticipated move, cut its reserve requirement ratio (RRR), or the amount of cash that banks must hold in reserve, to shore up its slowing economy amid growing headwinds.

The current surge of the Omicron virus in China which is sending one city after another into prolonged lockdowns was largely expected to have an adverse impact on the economy.

After big cities like Xian and Shenzhen, a lockdown was imposed in Shanghai, China’s biggest business and economic hub.

The city is in the third week of lockdown. The city of 26 million came to a standstill as it continuously reported about 30,000 cases in the last two weeks with no let-up.

European sales for Guangdong-based coffee machine company HiBrew have tapered off after a sterling run last year when pent-up global demand drove up purchases of Chinese consumer goods. To get more latest china business news, you can visit shine news official website.

Sales have fallen 30% to 40% so far this year, a sharp contrast to the 70% growth in business last year, according to General Manager Zeng Qiuping.

Rising living costs in the U.S. and Europe as well as importers waiting for potential U.S.-China tariff cuts contributed to the downturn, Zeng said. But he is optimistic the current lull is just a blip and overseas demand will return.While HiBrew doesn’t sell much to the U.S., Zeng said fellow exporters tell him orders from the U.S. have also diminished.

Separately, freight costs are starting to fall now after surging to record levels during the pandemic, signaling that demand for logistics needed for deliveries is coming off the boil, analysts say.That’s good news for exporters and importers, but there’s another red flag.

While traders previously had to cope with supply chain congestions and upheavals, they may now need to grapple with falling demand especially in developed economies. These dynamics point to recessionary pressure, analysts warned.Indeed, spot ocean freight rates between China and the U.S. east and west coast have fallen, said Shabsie Levy, founder of Shifl, a digital supply chain platform.

He attributed the declines to falling consumer demand in the U.S. and said many U.S. retailers are sitting on excess inventory.

Ocean freight rates are intrinsically connected to the retail industry as ocean freight make up over half of all imports into the country, he added.Falling retail demand has pulled down ocean spot freight rates and continues to do so,” Levy said. “I would not call this reduction in demand a recession yet, but things seem to be heading towards troubled waters.”

“On an anecdotal level, some customers are experiencing a drop in sales especially in certain high value items and less essential items.”During the pandemic, shipping costs surged as a result of supply chain disruptions and lockdowns.

Spot ocean freight rates between China and the U.S. were nearly 3.5 times higher between January 2020 and May this year, Shifl said.The higher logistics costs have either been absorbed by manufacturers or passed onto consumers, driving up inflation.

But now, new import orders from the U.S. have slowed and businesses like Samsung U.S., the seventh-largest importer into the U.S., has halved its planned inventory order for July, according to Shifl data.The second-largest American importer, Target also announced its intentions to cut inventory orders because of ballooning inventory, according to Shifl.

Even after Shanghai’s lockdown was lifted, shippers received a lukewarm response from importers, Levy said. The Drewry’s composite World Container Index, which tracks freight costs of 40-foot container on major routes, has fallen over 30% since September.

Costs of containers across major routes — such as Shanghai to New York, and Shanghai to Rotterdam —have dropped by up to 24% compared to last year. “The U.S. distribution system is stuffed with stuff. Business inventories in April were up nearly 18% from a year ago,” Marc Levinson, an independent economist, said on LinkedIn.

“The reason for the excess inventory? Simply enough, consumers have stopped spending with abandon. As shopping habits revert to pre-pandemic norms, inflation decimates buying power, and home sales stall, the demand for consumer goods is stalling as well.”

FIFA World Cup Inter-confederation Playoff

Australia became the 31st team to book their place at the FIFA World Cup 2022 after beating Peru on penalties in an inter-confederation play-off. Socceroos will join holders France, Denmark and Tunisia in Group D in Qatar. Substitute goalkeeper Andrew Redmayne saved Alex Valera's final kick to seal the win. This will be Australia's fifth World Cup in a row.To get more news about XemBD, you can visit xembd.cc official website.

Australian players celebrate after winning in a penalty shoot-out during the World Cup 2022 qualifying play-off soccer match between Australia and Peru in Al Rayyan, Qatar.

Peruvian fans react at the end of the World Cup 2022 qualifying play-off soccer match between Peru and Australia that was played in Qatar, in Lima, Peru. Australia won 5-4 in a penalty shootout and is now officially in the Qatar World Cup 2022.

Peruvian fans react at the end of the World Cup 2022 qualifying play-off soccer match between Peru and Australia that was played in Qatar, in Lima, Peru.

Australia's Martin Boyle in action in front of Peru's Pedro Flores during the World Cup 2022 qualifying play-off soccer match between Australia and Peru in Al Rayyan, Qatar.

Peru fans cheer before the World Cup 2022 qualifying play-off soccer match between Australia and Peru in Al Rayyan, Qatar.

Australia's Ajdin Hrustic, left, and Peru's Christofer Gonzales fight for possession during the World Cup 2022 qualifying play-off soccer match between Australia and Peru in Al Rayyan, Qatar.