Air Freight News
Huawei quarterly sales fell for first time after U.S. sanctions
Huawei Technologies Co.’s quarterly revenue shrank for the first time on record, reflecting the devastating impact of U.S. sanctions that forced China’s largest technology company…
U.K. and EU Brexit forum seeks dialog on financial market access
The newly-agreed forum between Britain and the European Union will seek “transparency and appropriate dialog” about cross-border financial market access, according to the accord reached…
China’s WH group to boost meat imports as high prices may endure
WH Group, China’s largest pork processor, said it will increase meat imports this year as local prices are likely to stay elevated following the resurgence…
Top Glove tumbles on U.S. order to seize goods over forced labor
Top Glove Corp. shares sank after the U.S. Customs and Border Protection ordered personnel at U.S. ports of entry to seize its gloves made in…
U.S.-China tensions contributed to chip crunch, TSMC chair says
Global efforts to develop national self-sufficiency in chip production are “economically unrealistic” and U.S.-China trade tensions have contributed to the chip shortage currently snarling entire…
China may boost cotton imports to cut Xinjiang fiber in exports
China could import more cotton to replace fiber from Xinjiang that’s being rejected by some Western companies and threatens to hurt its booming textile export…
Buffett-Backed BYD’s Profit Surges 162% on Electric-Car Boom
BYD Co., the Chinese electric-vehicle maker in which Warren Buffett’s Berkshire Hathaway holds a stake, said profit more than doubled last year thanks to a…
Russian farmers undeterred by export crackdown, at least for now
Russia’s bid to cool food inflation with crop-export taxes is bad news for farmers’ profits, though leaves them little choice but to plow ahead with…
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One in four small U.K. exporters halt EU sales amid Brexit costs
One in four small U.K. exporters have halted sales to the European Union because of red tape caused by Brexit, according to a survey published…
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At least 12 American grain shipments impacted by Suez congestion
The congestion of the Suez Canal, caused by a stranded container ship, may delay nearly 7% of seaborne U.S. major grain shipments, according to USDA…