Drone delivery startup poised to expand US operations with new funding
Flytrex — which has raised more than $20 million — has used its drones in a pilot program with Walmart in North Carolina
Oil supertankers losing millions are a bullish vaccine trade
The market for moving oil across the world’s oceans is currently so bad that owners of the industry’s biggest supertankers are actually subsidizing the delivery…
Coalition argues that data shows Section 232 steel and aluminum tariffs hurt American companies
CAMMU released a letter today to U.S. Secretary of Commerce Gina Raimondo providing data showing the continuing ineffectiveness of, and damage from, the Trump administration’s…
India to cut Saudi Arabian oil imports and buy more from US
Indian refiners plan to buy less oil from the Middle East in the coming months as OPEC+’s supply restrictions makes U.S. crude more attractive.
Denmark dispatches vessel to West African Gulf to fight piracy
Denmark will send a naval vessel to West Africa’s Gulf of Guinea to aid the fight against rampant piracy.
Baghdad denies trader’s claim that US-seized oil is from Iraq
An oil trader’s claim that a cargo of crude seized by the U.S. came from Iraq rather than Iran, as Washington asserts, is wrong, according…
US warns banks over ties with sanctioned Chinese officials
The U.S. added more than a dozen Chinese officials to a list of people that banks must avoid, putting global financial institutions on notice that…
Samsung warns of severe chip crunch while delaying key phone
Samsung Electronics Co. warned it’s grappling with the fallout from a “serious imbalance” in semiconductors globally, becoming the largest tech giant to voice concerns about…
Jack Daniel’s faces EU tariff hike as trade thaw omits whiskey
American rum distillers and French winemakers celebrated this month when the U.S. and European Union suspended tariffs on billions of dollars of each other’s exports.
Chip shortage, bad weather hit Honda and Toyota in North America
Honda Motor Co. will suspend production at some plants in the U.S. and Canada next week as the pandemic, a chip shortage and severe winter…
Get the most up-to-date trending news!
SubscribeIndustry updates and weekly newsletter direct to your inbox!
Follow us on social media:
