Air Freight News
HK Air’s $6.3 billion debt restructuring approved by creditors
Most creditors of Hong Kong Airlines Ltd. voted to support the carrier’s proposed HK$49 billion ($6.3 billion) debt restructuring, a step to stave off insolvency…
Macron says he and Biden will ‘fix’ US climate-subsidy conflict
French President Emmanuel Macron said he and Joe Biden agreed to “fix” a dispute over the US president’s Inflation Reduction Act, which includes new subsidies…
UK sends gas to EU in rare role as winter exporter
Britain’s natural gas is still flowing to mainland Europe at a time when the fuel would typically be kept at home, underlining the country’s key…
Another UK train strike announced after pay offer is rejected
A wave of strikes heading for Britain’s train network has been extended to an extra day after a union said engineers would walk out on…
Oil jumps as China loosens curbs and OPEC+ keeps output steady
Oil surged after OPEC+ kept output steady, sanctions on Russian crude kicked in, and China made further progress toward reopening.
OPEC+ pauses as Russia sanctions and China Covid rules roil crude markets
OPEC+ responded to surging volatility and growing market uncertainty by keeping its oil production unchanged.
Kuwait says oil buyers don’t want to boost imports next year
Kuwait’s state energy company said customers are reluctant to increase oil imports next year, signaling that the market’s being suppressed by global economic weakness.
German minister pursuing hydrogen in Namibia, South Africa
German Economy Minister Robert Habeck began a five-day trip to Namibia and South Africa Sunday, part of a push to secure new energy resources for…
UK rail union rejects offer, Christmas strikes still planned
Britain’s National Union of Rail, Maritime and Transport Workers has rejected an offer from the Rail Delivery Group aimed at ending a strike action planned…
South Korea plans to order fuel, steel truckers back to work
South Korean President Yoon Suk Yeol asked his cabinet to be ready to issue an “imminent” return-to-work order on striking truck drivers in the oil…