Heaviest downpour in six decades shuts key South African port
South Africa suspended shipping at its main port in Durban after the heaviest rains in more than six decades and resultant flooding damaged roads leading…
Shanghai lockdowns continue as Ford secures lithium supply for EV manufacturing – Rystad Energy
Shanghai lockdowns continue to impact the battery supply chain, as the trend of EV manufacturers moving upstream to secure metals supply strengthens.
asic steel prices lose some momentum, while specific grades continue to rise – Rystad Energy
Basic steel prices lose some momentum, but reprieve may be short lived as global demand set to increase.
WTO cuts trade outlook, says Russia war risks broader decoupling
Russia’s war with Ukraine will slow the world economy’s nascent rebound from the pandemic, reduce goods trade and potentially lead to a broader splintering of…
Floods wash away bridges, close routes to key South African Port
Key highways linking South Africa’s biggest port to the commercial hub of Johannesburg and its eastern seaboard were closed as severe flooding hit the province…
India plans $2 billion more in exports to sanctions-hit Russia
India is planning to boost shipments to Russia by an additional $2 billion as the two nations work out a payment system in local currencies…
Israel’s ‘Abraham accords’ 2021 defense exports hit $791 million
The value of Israeli defense exports to countries with which it normalized relations in 2020 reached almost $800 million last year, with the country’s defense…
South Africans to face chicken price surge on tariffs, importers warn
South Africa should scrap all trade-related tariffs on chicken, introduce a three-year moratorium on new duties and remove value-added tax on the protein to ease…
Commerce Department expands restrictions on exports to Russia and Belarus
The Department of Commerce, through the Bureau of Industry and Security (BIS), is issuing a final rule that expands its highly restrictive controls on the…
Commerce announces addition of Iceland, Liechtenstein, Norway, and Switzerland to global export controls coalition
This latest action expands and enhances global coalition standing with the Ukrainian people against Russian aggression
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