Air Freight News
U.K. and New Zealand finalize post-Brexit trade agreement
The U.K. and New Zealand finalized their post-Brexit trade accord, removing tariffs and liberalizing access for services companies.
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India to ship record wheat as Ukraine crisis upends trade flows
India is set to benefit from the shifts in global wheat trade as Russia’s invasion of Ukraine leaves a vital source of supply hanging in…
Maersk considers suspending Russia bookings
A.P Moller-Maersk A/S, one of the world’s largest transport companies, said it considers halting bookings to and from Russia due to the war in Ukraine.
Europe and Russia air bans raise echo of cold war disruption
Most of Europe closed its airspace to carriers from Russia, which reciprocated with its own bans in an echo of the Cold War restrictions that…
Hong Kong flight bookings surge as departures hit record
Major airlines reported a surge in bookings from Hong Kong last week as the city saw a new pandemic-era record in net population outflow, underscoring…
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Beyond oil and gas: Who’ll lose from Russia-Ukraine trade fallout
Wheat and metals are among other key exports to watch
Toyota idling all Japan plants due to supplier system outage
Toyota Motor Corp. will suspend output at all of its Japan factories on Tuesday following disruptions to a supplier’s systems, marking another setback for the…
BP’s costly exit from Russian oil could have ESG silver lining
BP Plc’s exit from Russia may cause tens of billions of dollars of financial pain, but it could have a longer-term upside for the company’s…
EU nations to discuss gas cut-off risk after sanctions on Russia
The European Union will discuss at an emergency meeting on Monday what steps could be taken if Russia halts gas supplies in retaliation to sanctions.
Ruble plunges 30% as prices onshore split from those overseas
Russian markets were paralyzed on Monday and traders struggled to price the ruble as international sanctions shook the country’s financial system.