Exxon to hold output at 20-year low to address debt, emissions
Exxon Mobil Corp. pledged to hold oil production at a two-decade low as part of a plan to reduce debt, boost dividends and address shareholders’…
Global cargo traffic jam could last into 2022, Freight CEO warns
A cargo traffic jam on the world’s roads, seas and air corridors could easily continue into next year, continuing to increase shipping costs, according to…
U.K. stokes EU tension with unilateral Northern Ireland move
The U.K. inflamed tensions with the European Union by reneging on part of their post-Brexit settlement, saying it would unilaterally change trade rules relating to…
EU’s airline bailouts may have neglected passengers, watchdog says
Airline passengers may have been unfairly treated while European Union’s regulators raced to approve bailouts to struggling carriers, the EU’s financial watchdog warned.
Blinken says only China can ‘seriously challenge’ global system
Secretary of State Antony Blinken called the U.S.’s dealings with China the defining test of the century, as he set out a broad agenda that…
U.K. names eight freeports in bid to boost post-Brexit trade
U.K. Chancellor Rishi Sunak unveiled a roster of eight English freeports, low-tariff business zones being created to encourage investment and stimulate trade in the wake…
Global air cargo volumes recover to pre-Covid level inside 10 months
A robust global air cargo market has virtually completed its recovery to post-Covid volume levels inside 10 months, according to airline performance data for February…
Hyster wins two awards for industrial truck designs
Recognized for design innovation and manufacturing excellence, The Chicago Athenaeum has announced two Hyster trucks, the H360XD and J60XNL, as winners of the prestigious 2020…
The United States installed more wind turbine capacity in 2020 than in any other year
In both 2019 and 2020, project developers in the United States installed more wind power capacity than any other generating technology.
Iran taps old oil customers as it eyes end of U.S. sanctions
Iran is reaching out to old customers in Asia to gauge their interest in buying its oil as Tehran ramps up diplomacy to get U.S.…
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