US president betting on wage growth, while GOP warns of torrent of inflation
Updated 23 May 2021
May 23, 2021 01:47
WASHINGTON: US factory activity gathered speed in early May amid strong domestic demand, but backlogs of uncompleted work are piling up as manufacturers struggle to find raw materials and labor, boosting costs for both businesses and consumers.
Though other data on Friday showed sales of previously owned homes dropping to a 10-month low in April as an acute shortage of houses drove prices to a record high, they remained well above their pre-pandemic level. The housing market and manufacturing have led the economy’s recovery from the COVID-19 recession, which started in February 2020.
MSC Cruises signs partnership to launch Saudi Arabian cruise business
MSC Cruises is set to establish a new cruise business in
Saudi Arabia.
Cruise Saudi to launch
Two ships,
MSC Magnifica and
MSC Virtuosa, will be sent to the region. Magnifica will homeport in Jeddah and operate seven-day cruises in the region from November 2021 until March 2022. The vessel will also give guests the chance to follow the inaugural Saudi Arabian Grand Prix when it arrives in December.
MSC Magnifica
MSC Cruises flagship MSC Virtuosa will also feature in the region, with the port of Dammam added to its programme in the Arabian Gulf for the winter season.
MSC Cruises signs deal with Cruise Saudi | seatrade-cruise com seatrade-cruise.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seatrade-cruise.com Daily Mail and Mail on Sunday newspapers.
MSC Cruises revealed renderings of its cruise ship MSC Seashore set to debut in August 2021 in the Mediterranean and then make its home in Miami beginning in November.