Air Freight News
Germany opens door to Qatar LNG shipments in pivot from Russia
Qatar said it agreed to work on supplying Germany with liquefied natural gas as Europe’s biggest economy seeks to reduce its dependence on Russian gas.
Aluminum jumps after Australian ban on alumina exports to Russia
Aluminum jumped at the open in London after Rio Tinto Group moved to halt alumina shipments to Russia, another threat to global supply of the…
Korea’s soaring energy import costs raise trade deficit risk
South Korea faces the prospect of a return to a trade deficit, preliminary data show, as geopolitical and virus risks weigh on global demand for…
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Canadian Pacific Rail halts operations after labor talks fail
One of Canada’s largest railways is winding down operations after failing to reach a labor deal with unionized workers.
Crops slip to end volatile week as supply outlook remains opaque
Wheat and corn slid in Chicago, closing out a back-and-forth week for prices as the war in Ukraine leaves traders parsing an increasingly unclear supply…
Myanmar to resume international flights in April after two years
Myanmar’s military government on Friday lifted ban on foreign visitors from April 17 by allowing international passenger flights to operate as normal after suspension for…
World’s top alumina supplier Australia bans exports to Russia
Australia, the world’s biggest exporter of alumina, announced a ban on shipments to Russia in a move that will add further pressure on aluminum giant…
FedEx slides after profit misses Wall Street’s expectations
FedEx Corp. shares tumbled after the company posted quarterly profit below Wall Street’s estimates, pressured by rising costs related to a U.S. labor shortage and…
US sanctions gold trader, one of Africa’s biggest refiners
The U.S. Treasury Department sanctioned Belgian gold trader Alain Goetz and his African Gold Refinery Ltd., one of the continent’s biggest processors of the metal,…
Halliburton is winding down Russia operations amid sanctions
Halliburton Co. said it’s winding down operations in Russia and will halt future business in the nation amid sanctions imposed in response to President Vladimir…