Air Freight News
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Congressman Katko urges approval of $52 billion for U.S. semiconductor manufacturing
Republican Congressman John Katko has urged immediate action in authorizing a $52 billion federal investment in U.S. semiconductor manufacturing.
Wheat futures drop as Ukraine readies to open Black Sea exports
Wheat futures traded in Chicago fell as Ukraine prepares to open two Black Sea corridors for grain exports.
China’s slowdown spills over to major economies through imports
(Bloomberg) -- China’s economic slowdown is spilling over to major exporting nations in Europe and East Asia through falling demand for manufactured goods, causing Germany…
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China seals off IPhone maker, CNOOC in Shenzhen to battle Covid
China has forced some of its biggest companies, including iPhone maker Foxconn and oil producer CNOOC Ltd., to operate within a “closed loop” restricted system…
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China’s trade dominance is boosting Renminbi’s reserve status
China’s dominance of global trade provides a path to increase its currency’s share in global central bank reserves even if it retains tight capital controls,…
London’s square mile struggles to find its way in Brexit Britain
London is in danger of becoming a mere “regional stock market” down the line unless it significantly raises its game -- that is the warning…
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Wheat prices jump after Russian missile strike tests Ukraine deal
Wheat jumped after Russia’s weekend attack on the seaport of Odesa, even as Ukraine indicated it’s pushing ahead with a deal to begin shipping millions…
Hong Kong posts sharper-than-expected drop in exports in June
Hong Kong’s exports fell for a second straight month, dropping more than economists estimated, as inflation hampers global economic activity.
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Russian Odesa missile strike tests Ukraine grain export deal
Russia attacked Odesa’s sea port with cruise missiles hours after signing a deal to unblock Ukrainian grain exports from three Black Sea ports, including Odesa,…
Wheat, corn slide after Ukraine export deal eases supply worries
Wheat slid the most since May and corn prices tumbled to an eight-month low after a deal aimed at enabling shipments from Ukraine’s Black Sea…