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Pakistan’s textile exports to surge as orders move from rivals
Pakistan’s textile sector is bringing cheer to its flailing economy, with exports set to swell to a record after gaining an edge over South Asian…
Fewer China flights may worsen chip shortage with port snarled
Congestion at the world’s biggest port in Shanghai is being compounded by reductions in air-cargo capacity at the city’s main airport, a situation that’s likely…
One year after coup, US will slap new sanctions on Myanmar
(Bloomberg) -- The U.S. issued fresh sanctions Monday against people and entities linked to Myanmar’s military regime, in a move coinciding with the one-year anniversary…
WTI, Brent crude prices diverge, threatening US trade balance
U.S. oil is getting cheaper relative to its international counterpart as traders price in geopolitical risk in Ukraine, potentially shifting America’s trade balance.
Some airlines will lose ‘shedload’ of money on oil, Ryanair says
Airlines that aren’t currently hedging their fuel bills are set to lose a “shedload” of money as a result of high oil prices, the head…
Airlines anxiously await road warrior return to office, air
Two years into the pandemic and the airline industry remains on standby for the return of business travelers.
Philippine Air president Santa Maria to step down, Star reports
Philippine Airlines Inc. President Gilbert Santa Maria is stepping down from his role in the carrier, the Philippine Star reported Sunday, citing unnamed people in…
What we know so far about potential US-EU sanctions on Russia
The U.S., U.K. and the European Union are finalizing a package of sanctions that could be imposed on Russia if it invades Ukraine, trying to…
BP’s Russian risk rises again as Ukraine crisis simmers
Of all the international oil majors, BP Plc potentially has the most to lose if the situation in Ukraine triggers a crisis between Russia and…
Sanctions are the economic weapon with a history of backfiring
As it threatens Russia with the toughest sanctions yet in the Ukraine standoff, the U.S. is potentially doubling down on a tool it’s used with…