Air Freight News
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White House announces $450 million to ease port congestion
The U.S. Transportation Department is awarding some $450 million in grants for port-related projects to bolster capacity and improve the movement of goods as the…
Israel-Dubai flights at risk as talks stall on airport security
Flights between Israel and Dubai International Airport are at increasing risk of being halted little over a year after they began as talks about security…
Omicron ripping through cargo ships may exacerbate shipping woes
Omicron is ripping through cargo ships, raising concerns that a surge in cases, coupled with China’s tightened quarantine requirements for vessels, could delay supply chain…
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UPS loses compensation bid over EU’s botched TNT merger veto
United Parcel Service Inc. lost a court fight for about $2 billion in compensation over the European Commission’s 2013 botched veto of its takeover bid…
Biden’s first salvo of Russia sanctions hits with thud, not roar
Instead of a sweeping package that crippled top Russian banks, cut its financial transactions off from the global economy, or personally singled out Vladimir Putin…
EU matches US ban on Russian bonds in sanctions package
The European Union is set to ban the purchase of Russian government bonds as part of proposed sanctions following Moscow’s recognition of separatist regions in…
Sri Lanka blames IMF, imports for Asia’s fastest inflation
The head of Sri Lanka’s central bank blamed delayed support from multilateral lenders as well as higher cost of imports for a spike in inflation…
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Banks freeze millions in truck convoy funds under Trudeau edict
Canadian banks froze about C$7.8 million ($6.1 million) in just over 200 accounts under emergency powers meant to end protests in Ottawa and at key…
Ambani sees India exporting $500 billion of green energy by 2042
Mukesh Ambani, Asia’s richest person, expects India to emerge as a leader in renewable energy with overseas sales of $500 billion in two decades.
Biden ups Russia sanctions, calls Ukraine invasion underway
U.S. President Joe Biden unveiled sanctions targeting Russia’s sale of sovereign debt abroad and the country’s elites, responding to what he described as the start…