Air Freight News
Korea exports post biggest gain since 1988 as world reopens
South Korea’s exports surged the most since 1988 in May as a reopening of overseas economies boosted demand for products manufactured by the Asian nation.
Exports, housing bolster Canada’s economy in face of lockdowns
Canada’s economic recovery likely forged ahead in the first quarter, with a recovering export sector and red-hot housing market bringing total output to the cusp…
Apple claims progress in supply chain, no child labor cases
Apple Inc., which has come under fire for the behavior of its suppliers, reported progress among its manufacturing partners during the tumultuous year of the…
US sanctions on Belarus include petrochemicals, Treasury says
Nine state-owned enterprises in Belarus cited on a White House sanctions list include industrial plants and an oil trading platform, a Treasury spokesperson said.
Iran transfers oil from pipeline skirting troubled strait
Iran started its first transfer of crude oil via its strategic Goreh-Jask pipeline, allowing the country to bypass the Strait of Hormuz, the state-run Islamic…
Australia is still negotiating with U.K. on free-trade agreement
Australia and the U.K. continue to negotiate plans for a free-trade agreement, Trade Minister Dan Tehan said on the Australian Broadcasting Corp.’s Insiders program.
US announces sanctions on Belarus over journalist’s detention
The Biden administration announced it would re-impose sanctions against nine Belarusian state-owned enterprises and is developing additional penalties to target officials in the administration of…
G-7 trade chiefs want stronger rules on subsidies; See WTO role
Trade ministers from the world’s seven largest advanced economies want to bolster regulations on industrial subsidies and curb actions by state-owned companies that distort trade,…
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Ahead of Biden visit, EU looks to consign trade tensions to past
When President Joe Biden travels to Brussels next month, the European Union and the U.S. will commit to trying to end the trade conflicts that…
Sweden’s export-driven economy reaches pre-pandemic level
Sweden’s economy returned to its pre-pandemic level in the first quarter as the recovery in the largest Nordic economy is outpacing most of its wealthy…