Why the Black Sea matters to commodity markets
The Black Sea -- a major artery for the movement of commodities at the crossroads of Europe and Asia -- is suddenly drawing the world’s…
Finnair faces wipeout of Asia business on Russia flight bans
(Bloomberg) -- Finnair Oyj faces a wipeout of its Asian traffic as a tit-for-tat of airspace closures in Europe and Russia jeopardizes its main long-haul…
Ukraine wants EU membership but accession usually takes years
President Volodymyr Zelenskiy appealed to the European Union to fast-track membership for Ukraine. But despite support from several member states, the process is an arduous…
Singapore banks halt Russia commodity lending as sanctions mount
Singapore’s biggest banks are restricting trade financing for Russian raw materials, as the war in Ukraine spurs lenders in Asia’s largest energy and commodities trading…
Asian carriers spared from Russia-Europe airspace closures
The closing of Russian airspace to many European airlines has so far spared Asian carriers that have had a slower recovery from the pandemic than…
Black Sea shipping chaos spreads as US oil tanker rates surge
(Bloomberg) -- The cost to ship crude oil on super-sized tankers from the U.S. Gulf Coast to the U.K. and Asia surged after attacks on…
More low-fare options at choked Newark on US decision
U.S. discount carriers won the right to add 16 coveted flight slots at congested Newark Liberty International Airport in New Jersey, the government announced Friday.
War in world’s breadbasket leaves big buyers hunting for grain
Russia’s invasion of Ukraine is threatening shockwaves through two of the world’s staple grain markets, prompting countries that rely on imports from the region to…
British Airways IT outage grounds planes; cyber attack ruled out
British Airways canceled more than 150 short-haul flights to and from its London Heathrow hub through midday, citing “continuing technical issues” following a systems outage…
Europe, Russia trade airspace bans, echoing cold war disruption
Russian airlines were barred from flying through more countries in Europe, shutting off carriers such as Aeroflot from the shortest routes heading west.
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