Afternoon Coffee: Surplus Grain to Affect Agricultural Supply Chain, India’s Defense Spending

A surplus of grain worldwide has led to falling prices and growing debt for farmers, the Wall Street Journal reported, and reverberations may be felt in agricultural goods supply chains.

It’s the Gig Economy

More than half of new jobs created in the European Union since 2010 have been temporary contracts, the New York Times reported. The trend has affected youth disproportionately. More than 40% of young people in Europe are working low-paid, temporary jobs.

Fighter Jet Shopping Spree

Boeing is setting up a new unit for defense operations in India as part of efforts to win a sizeable share of the billions that the country is spending on defense weapons. India is expected to overtake the U.K. as the world’s third largest defense buyer by next year.

Fall of the Fashion Empire

Ivanka Trump’s fashion line is taking a hit as a result of her controversial father, President Donald Trump, as retailers try to placate some customers at the risk of angering others. Discount retailers T.J. Maxx and Marshalls have instructed employees to discard signs for Ivanka Trump products, according to a note that the New York Times obtained. Neiman Marcus and Nordstrom have pulled Ivanka Trump’s line entirely, sparking boycotts.

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