Air Freight News
NRF says economy ‘being rebalanced’ but ‘extreme cooling off’ seems unlikely
The Federal Reserve faces “a tricky job” in addressing inflation but continuing growth in employment, wages and consumer spending make it unlikely the effort will…
Grain futures plummet with Ukraine export prospects in focus
Wheat in Chicago plunged the most allowed by the exchange on improved prospects for Ukraine grain shipments and US crop weather. Corn and soybeans also…
EU set to approve sanctions on Russian oil, banks, insurance
European Union ambassadors are set to approve a sixth package of sanctions over Moscow’s invasion of Ukraine, banning most Russian oil imports by year-end and…
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Beijing says US supply chain curbs sabotage China’s development
The United States is “over-stretching” the concept of national security by imposing supply chain sanctions on China to stymie its growth, according to Chinese Foreign…
Malaysia reaffirms live chicken export ban in blow to Singapore
Malaysia reiterated that it will halt exports of all live chickens, shutting off prospects that some restaurants in Singapore could still import free-range or premium…
Sri Lanka lifts import curbs to help tackle worsening shortages
Sri Lanka removed restrictions on imports to help ease shortages of everything from food to medicine.
Korea’s exports accelerate, suggesting resilient global demand
South Korea’s exports accelerated in May, suggesting global demand remains resilient in the face of war in Ukraine and a slowing economy in China.
Deputy Secretary Graves joins Dutch Semiconductor Equipment Company ASML to announce $200 million semiconductor investment in Connecticut
Today, Deputy Secretary of Commerce Don Graves joined Peter Wennink, CEO and President of Dutch Semiconductor Equipment Manufacturer ASML, at ASML’s Veldhoven headquarters to announce…
Israel, UAE ink free trade pact in boost to economic ties
Israel and the United Arab Emirates signed a broad economic pact that will eliminate most customs fees and help expand bilateral trade to more than…
China mocks Biden’s economic pact for failing to lower tariffs
Chinese Foreign Minister Wang Yi mocked President Joe Biden’s wide-ranging economic framework for failing to lower tariffs, in some of the strongest criticism yet of…