Xeneta container rates alert: shipping costs soar as long-term rates race 150% up year-on-year
May saw the highest ever monthly increase in long-term contracted ocean freight rates, as the cost of locking in container shipments soared by 30.1%. The…
Israel, UAE ink free trade pact in boost to economic ties
Israel and the United Arab Emirates signed a broad economic pact that will eliminate most customs fees and help expand bilateral trade to more than…
China mocks Biden’s economic pact for failing to lower tariffs
Chinese Foreign Minister Wang Yi mocked President Joe Biden’s wide-ranging economic framework for failing to lower tariffs, in some of the strongest criticism yet of…
EU leaders aim to break oil ban impasse with unity at stake
European Union leaders intend to give their political backing to a ban on Russian oil, paving the way for a possible agreement next month on…
Supply chain disruption fuels investments in technology
Nearly 80% of supply chain leaders say their digital transformation has accelerated due to the pandemic, according to an industry report released today by MHI…
OPEC+ seen sticking with supply plan even as EU sanctions Russia
The OPEC+ coalition will likely hold firm to its oil production plans this week even as the European Union moves to sanction group member Russia,…
Kuehne+Nagel and LATAM: Carbon neutral for the latest Mother’s Day season
• Companies were organised to mitigate 100% of C02 emissions through LATAM's Let´s Fly Neutral program. • Environmental and social projects are part of the…
British Airways staff vote on possible strike amid staffing woes
British Airways staff at London’s Heathrow airport are being balloted by the Unite union on whether to strike work over a dispute about restoring pay…
China suffers setback as Pacific nations spurn broad deal
China’s plan to sign a sweeping trade and security deal with ten Pacific Island countries was dealt a setback because some of them expressed concern…
US to suspend Section 232 steel duties on Ukraine for one year
The Biden administration has announced a temporary, one year, suspension of the Section 232 duties on steel products from Ukraine. The suspension will take effect…
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