US pharma tariffs would raise US drug costs by $51 billion annually, report finds
A 25% U.S. tariff on pharmaceutical imports would increase U.S. drug costs by nearly $51 billion annually, boosting U.S. prices by as much as 12.9%…
US-China trade war to give fresh impetus to India-Europe corridor project?
The project was launched on the sidelines of the G20 summit in New Delhi in September 2023 by seven heads of state from India, the…
TIACA announces jury selection for inaugural Inspirational Leader Award - nominations now open
The International Air Cargo Association (TIACA) is proud to announce the formation of the independent jury for its first-ever Inspirational Leader Award, which is now…
Port of Oakland hosts stakeholder roundtable regarding tariffs
The Port of Oakland convened a stakeholder roundtable at Port headquarters regarding tariff impacts. Congresswoman Lateefah Simon (CA-12) and Port of Oakland Executive Director Kristi…
S&P Global Ratings: Maintains corporate default forecasts, but risks are rising
Recent increases in market volatility related to tariffs have raised fears for growth and higher corporate default rates, S&P Global Ratings said in the "Corporate…
Konecranes streamlines EUROGATE Hamburg’s STS operations with crane relocations
In 2024, terminal operator EUROGATE had two Ship-to-Shore (STS) cranes relocated on their Hamburg wharf. One crane at the end of its service life was…
Phillips 66 posts bigger-than-expected quarterly loss on lower margins
Phillips 66 reported a bigger-than-expected loss for the first quarter on Friday, hurt by lower refining margins amid widespread maintenance and turnaround activities across the…
Jet engine maker Safran’s revenues rise 17% in first quarter
Shares in Safran rose on Friday after the French jet engine maker reported stronger-than-expected first-quarter revenues and said it was studying ways to manage the…
US business lobby in China: Some pharma firms reporting tariff exemptions
Pharmaceutical companies in China are reporting that they have been able to import some drugs over the past week with tariff exemptions, the Beijing-based American…
China exempts some goods from US tariffs to limit trade war pain
China has exempted some U.S. imports from its 125% tariffs and is asking firms to identify critical goods they need levy-free, according to businesses notified,…
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