Lufthansa plans yet another airline to cut labor costs
Deutsche Lufthansa AG will start another short-haul airline next year, a strategic move intended to cut labor costs by reducing the bargaining power of the…
Gebrüder Weiss takes over amm logistics in Konradsreuth, Germany
Following the recent takeover of the Wedlich logistics company in Bayreuth, Gebrüder Weiss announces the next acquisition in Upper Franconia / Germany: with effect from…
Interstate Cold Storage enhances warehouse efficiency with new equipment investment
Interstate Cold Storage (ICS), a premier provider of temperature-controlled warehousing solutions, is taking a substantial step to enhance operational efficiency by integrating two state-of-the-art reach…
Controversial chip in Huawei phone produced on ASML machine
China’s Semiconductor Manufacturing International Corp. used equipment from ASML Holding NV to manufacture an advanced processor for a Chinese smartphone that alarmed the US, according…
US lawmaker seeks Shein sanctions over use of banned cotton
A member of Congress who co-sponsored a law banning products from China’s Xinjiang region is asking a Department of Homeland Security task force to investigate…
GE boosts profit outlook amid surging demand for jet engines
General Electric Co. raised its forecast for profit and free cash flow for the year as rebounding demand for air travel drives growth in its…
Why Venezuela is about to lose its oil crown jewel
Venezuela is entering the final stage of a long legal battle in which its most valuable foreign asset, Citgo Petroleum Corp., will be auctioned off…
Singapore aims for second LNG import terminal by end of decade
Singapore aims to bring online a second liquefied natural gas import terminal by the end of the decade to enhance the city state’s energy security.
Russia’s seaborne crude exports rise to a four-month high
Four-week average flows hit 3.5 million barrels a day
Carmakers warn time running out on post-Brexit EV tariff delay
Europe’s main auto lobby group redoubled efforts for the European Union to delay incoming post-Brexit tariffs on electric vehicles in a letter to Commission President…
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