Air Freight News
Pakistan plans u-turn on fuel imports after prices surge
Pakistan will reverse a long-held strategy to import more fuels including liquefied natural gas and attempt to boost domestic energy sources.
Russia did most oil drilling in decade even as sanctions hit
When Russia announced last week that it would cut oil production by half a million barrels a day in retaliation against Western sanctions, there was…
Wheat near two-month high on fears war in Ukraine will intensify
Wheat futures in Chicago traded near the highest level in more than two months on concerns that Russia will intensify its war in Ukraine, posing…
Turkey’s earthquakes paralyze third of steel output capacity
Large steel mills in southern Turkey are expected to remain shut for weeks, with production lines idle and workers trying to cope with the impact…
Health-tax hikes threaten thousands of South Africa sugar jobs
South Africa’s sugar industry risks losing as much as 16% of its cane-growing area and more than a 10th of farm-level jobs if the government…
U.S. Department of Commerce readout of the Indo-Pacific economic framework special negotiating round
The round was hosted by India’s Ministry of Commerce and Industry and covered IPEF Pillars II (Supply Chains), III (Clean Economy), and IV (Fair Economy).
Readout of Sec. Raimondo’s meeting with EU Commission EVP Margrethe Vestager
The Secretary and Executive Vice-President discussed the U.S. Inflation Reduction Act (IRA) and the European Green Deal Industrial Plan.
EU is set to propose new sanctions on Russian tech and vehicles
The European Union is set to propose a new package of sanctions to further restrict Moscow’s ability to support its war machine, according to people…
Singapore eyes chips investments amid US-China tension
Singapore will be looking to win its “fair share” of investments in semiconductor assembly and integrated circuit design, a top official said, amid a growing…
Khazanah unit UEM weighs sale of $230 million cement firm, sources say
A subsidiary of Khazanah Nasional Bhd., Malaysia’s sovereign wealth fund, is considering selling its cement unit, people with knowledge of the matter said.