Air cargo continued its ‘gradual but consistent recovery’ in July
Global air cargo volumes continued to show a ‘gradual but consistent’ month-on-month recovery in July, increasing by 8% over June, according to the latest air…
Canada’s trade gap widens sharply on surge in auto imports
Canadian trade with the rest of the world surged in June as the global economy rebounded from Covid-19 lockdowns.
US trade gap narrows as autos spur record exports increase
The deficit in U.S. trade of goods and services narrowed in June for the first time since February as exports jumped, though shipments remained well…
Virgin Atlantic faces crunch vote to save restructuring plan
Richard Branson’s Virgin Atlantic Airways Ltd. faces a crunch vote in less than three weeks to determine whether a hard-won 1.2 billion-pound ($1.6 billion) rescue…
China to import most wheat in seven years to ensure food supply
China will boost wheat imports in the coming year to secure domestic food requirements and is likely to increase purchases from the U.S. to help…
Palm oil imports by biggest buyer expected to hit 10-month high
Palm oil imports by India probably surged 46% last month as a drop in stockpiles in the world’s biggest buyer prompted refiners and traders to…
Japan Airlines posts biggest loss since 2012 listing
Japan Airlines Co. posted its biggest quarterly net loss in at least eight years and decided to forgo paying an interim dividend as it contends…
High-flying EV maker Nikola plummets in bumpy earnings debut
Nikola Corp.’s first earnings report was a bumpy one, with executives and analysts trading barbs and investors sending the electric-truck maker’s shares plunging.
Virgin Australia to cut third of staff under Bain ownership
Virgin Australia Holdings Ltd. will cut a third of its workforce under the ownership of Bain Capital as the buyout firm attempts to resurrect the…
U.S., China plan to review phase-one trade deal mid-month
Senior U.S. and Chinese officials are planning to assess the nations’ trade agreement this month against a backdrop of rising tensions between the countries, according…
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