South Korea to cut energy imports to ease record trade deficit
South Korea is rushing to find ways to reduce expensive energy imports after surging fuel costs and a weakening won pushed the country’s trade deficit…
Airbus clings to jet delivery goals amid supplier crisis
Airbus SE Chief Executive Officer Guillaume Faury reaffirmed the company’s production targets even as supply-chain constraints limit its ability to deliver jetliners on schedule.
Rail strikes proliferate as third UK union plans October action
A third UK rail union announced strike dates for early October, with the period set to bring the worst disruption so far in months of…
Nigeria pins hopes on deep sea port to end cargo congestion
Nigeria is betting a deep sea port set to open early next year will help revive an economy grappling with soaring inflation, stagnating growth and…
FedEx cost cuts aim to save $2.7 billion as demand weakens
FedEx Corp. expects to save as much as $2.7 billion this fiscal year through wide-ranging cost-cutting measures in response to weakening business conditions.
Energy crunch crimping Europe hurts demand for commodity ships
The cost of shipping commodities like grains, metals and coal has fallen as soaring energy prices in Europe throttle global economic growth.
Nikola investor lost $160,000 on Milton’s hype, he tells jury
Nikola Corp.’s founder cost a San Diego man about $160,000 trading the company’s hyped shares, he told the jury in Trevor Milton’s criminal fraud trial.
EU rushes to agree on an oil price cap after Putin’s threats
European Union member states are racing to clinch a political agreement within weeks that would impose a price cap on Russian oil.
A Nikola pickup without any Nikola parts: GM engineer testifies
Nikola Corp. founder Trevor Milton wasn’t truthful when he claimed his company was responsible for most of the components in a planned pickup truck General…
Peli BioThermal opens new service center in Japan
New Tokyo location in transportation hub spot to service expanding Crēdo™ on Demand rental program
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