Made-in-China Penfolds Wine will dodge crippling import tariffs
Treasury Wine Estates Ltd. will soon release a made-in-China version of its famous Penfolds brand, dodging punishing import tariffs that are crippling Australia’s wine exports.
New Australian airline Bonza sees launch delayed by pandemic
A new Australian airline backed by US investment firm 777 Partners pushed back its launch toward year-end, reflecting the difficulties of starting from scratch during…
Surf Air to go public via SPAC deal at $1.42 billion value
Surf Air Mobility Corp., a membership-based private plane operator, has agreed to merge with a blank-check company in a deal that will give the company…
JetBlue aims to cut costs even as demand for travel rebounds
JetBlue Airways Corp. is working with consultants to set targets for a new round of cost cuts, even as it prepares to meet surging consumer…
Uniper to keep importing gas from Russia for another decade
Uniper SE plans to keep importing natural gas from Russia for another decade, even as Europe seeks to cuts its energy dependency on the country.
UK targets green trade to help ‘de-Putinise’ global economy
Green trade can help the world end its reliance on Russian fossil fuels, UK Trade Secretary Anne-Marie Trevelyan will say on Wednesday in a speech…
Rome Airports CEO backs ITA-Lufthansa deal to grow Fiumicino hub
Rome’s airport operator said Deutsche Lufthansa AG would make an ideal partner for Italian flag carrier ITA Airways, with the German group’s multi-base strategy providing…
Stronger US dollar contributes to higher crude oil prices in international markets
The price of Brent crude oil, the world benchmark, has increased in 2022, partly as a result of Russia’s full-scale invasion of Ukraine. In addition,…
Ukraine says sea blockade threatens global food security
Blockaded ports in Ukraine are threatening global food security, as the country struggles to reroute grain shipments due to bottlenecks caused by Russia’s invasion, according…
Port of Savannah moves nearly 500K TEUs in record April
GPA set for major capacity improvement
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