Air Freight News
Ericsson’s CEO says reports on Russian exports are misleading
Ericsson AB’s Chief Executive Officer Borje Ekholm said a recent report highlighting applications to provide services and software to Russia was “misleading.”
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China’s $1 trillion trade boom won’t stop yuan slide, Macquarie says
China’s trade surplus is set to top a record $1 trillion this year, but that won’t be enough to prevent the yuan from sliding against…
Hong Kong’s exports plunge most since pandemic first began
Hong Kong’s exports contracted the most since the pandemic first began in early 2020, as global demand eased and shipments with mainland China were disrupted.
EU countries plan to delay Russian oil price cap amid divisions
European Union nations are struggling to reach an accord on imposing a price cap on Russian oil and will likely push back a deal on…
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Weaker demand for Chinese goods spells end of shipping boom
The cost of shipping goods from China has slumped to the lowest level in more than two years as the world economy stumbles, dimming prospects…
EU nations demand tougher Russia sanctions in next package
Several European Union nations are pushing to broaden sanctions against Moscow over its invasion of Ukraine as the bloc races to find an agreement on…
South Korea to cut energy imports to ease record trade deficit
South Korea is rushing to find ways to reduce expensive energy imports after surging fuel costs and a weakening won pushed the country’s trade deficit…
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China threatens action against ‘discriminatory’ US EV tax breaks
China joined in the criticism of the new US law providing tax breaks for electric vehicles, threatening unspecified action if needed to protect its interests…
EU flip-flop on Russian coal sanctions brings doubts for oil
A U-turn by the European Union that’s allowing Russian coal to move more freely has led to uncertainty in insurance and shipping markets about whether…
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Russian aluminum imports are hurting US market, Rio Tinto CEO warns
Rio Tinto Plc’s top executive is raising the alarm that the unfettered flow of Russian aluminum into the US is making North American producers less…