Air Freight News
US trade chief hopes for formal Indo-Pacific convening by summer
The US is working toward a formal gathering of members of the administration’s new economic initiative in Asia by the summer, President Joe Biden’s trade…
Oil shock devastates poorer nations as shortages, protests mount
Developing nations are suffering the biggest hit from this year’s oil shock. Many are dependent on imported fuel and are being crushed by a combination…
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Biden’s trade plan to kickstart US solar fails to win over industry
Biden is imposing two-year freeze on new tariffs for solar imports and invoking Defense Production Act to support US-made panels.
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US trade deficit narrows most on record on muted China imports
The US trade deficit shrunk in April by the most on record in dollar terms, reflecting a drop in the value of imports amid Covid…
Canada’s trade surplus narrows on lower oil exports
Canada’s merchandise trade with the rest of the world slowed in April on planned maintenance shutdowns in the oil sands.
South Africa ‘taken aback’ by Ryanair’s Afrikaans quiz policy
South Africa’s government said it’s “taken aback” by European low-cost airline Ryanair Holdings Plc’s decision to force an Afrikaans test on travelers to prevent the…
Oil shock is proving far more devastating for poorer nations
Developing nations are suffering the biggest hit from this year’s oil shock. Many are dependent on imported fuel and are being crushed by a combination…
Garuda Indonesia eyes rights issue after deal with creditors
PT Garuda Indonesia plans to raise money via a two-stage rights issue, as the indebted airline looks to salvage itself.
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Supply snarls in the US are easing with tight trucking seeing relief
A gauge of supply-chain pressure in the U.S. economy fell to the lowest level since December 2020, as activity such as trucking cools from elevated…
Inflation Is Poised to Ease According to These Three Key Indicators
Three of the key supply-side factors driving today’s global inflation levels have already turned around, meaning relief could be on the horizon for shoppers worldwide.