Air Freight News
[FBX Weekly] Ocean rates stable and first signs of progress in LA/LB
Key insights: 1 Ocean rates globally went unchanged this week, with initial signs of progress in clearing container yard bottlenecks in LA/Long Beach. 2 Some…
U.K. promises $27 million for turbines that harness tidal power
(Bloomberg) -- The U.K. government is making a bid to realize the potential of its tidal power industry, by ring-fencing a pot of 20 million…
Putin, hinting at sanctions, warns on risks of foreign software
President Vladimir Putin ordered top executives of state companies to speed efforts to shift to domestic software, hinting that future rounds of western sanctions could…
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US capital goods orders increase by more than forecast
Orders placed with U.S. factories for business equipment rose in October by more than forecast, highlighting solid momentum for capital investment at the start of…
Western Canada braces for more rain after floods shut highways
Canada’s westernmost province and home to its biggest port is bracing for more rainstorms after a deluge damaged transportation links, largely cutting it off from…
U.K. business wants Johnson to make peace with EU on N. Ireland
Britain’s biggest business lobby group urged Boris Johnson’s government to back down in its dispute with the European Union over Northern Ireland, telling the prime…
One of the world’s busiest border crossings to reopen Monday
Singapore and Malaysia have agreed to reopen a causeway linking the two countries from Monday, allowing cross-border land travel for the first time since March…
Warren questions US gas producers on exports ahead of winter
(Bloomberg) -- U.S. Senator Elizabeth Warren is asking the CEOs of nearly a dozen of the nation’s top natural gas producers why so much of…
Nikola’s founder has sold $284 million of stock since fraud charges
Nikola Corp.’s founder sold his biggest batch of shares since the U.S. charged him with securities fraud, bringing the total he’s disposed since August to…
Services, trade help power steady economic recovery in India
India’s economy showed steady signs of strengthening in October as services, manufacturing and exports kept it on course to post the world’s fastest growth.