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NWSA April 2021 volumes up 21.6%
The Northwest Seaport Alliance handled a total of 301,074 twenty-foot equivalent units(TEUs) in April, growing 21.6% compared to April 2020. Full imports increased 23.9%, while…
$70 Oil, $200 Iron, $10,000 Copper: Commodities Smash Milestones
When headline crude futures topped $70 a barrel on Tuesday, it was just the latest landmark in a banner year for raw materials.
Philippines cuts GDP growth outlook amid tough virus fight
The Philippine government cut its economic outlook for this year and next as it struggles with a surge in coronavirus cases that threatens its recovery.
U.K. aims to secure G-7 pledge to end subsidies for fossil fuels
The Group of Seven nations are closing in on agreement this month to phase out fossil-fuel subsidies after the U.K. won backing for the proposal…
U.K. ministers astuck in talks over Australia trade deal
The U.K. government is locked in an internal debate over a trade deal with Australia as it tries to balance a desire for greater access…
Dutch Gas goes global with surging interest outside Europe
A boom in trading Dutch natural gas is showing no signs of slowing as interest from outside Europe continues to grow.
Hong Kong closes Taiwan trade office amid ‘one China’ visa spat
Hong Kong has closed its trade office in Taipei, the latest tit-for-tat exchange between the cities as Beijing works to isolate the democratically ruled island.
China puts Australia on notice with push to diversify iron ore
Beijing threw the spotlight on trade tensions with its top commodities supplier, Australia, after the government’s economic planning agency said it’s looking to diversify China’s…
Argentina halts beef exports for 30 days to contain prices
Argentina’s government is limiting exports of beef, a staple in the country, in the latest unorthodox move to try to contain runaway inflation that’s approaching…
Senate moves forward with bill aimed at countering China’s rise
The Senate voted to move ahead with a bill that would jump-start U.S. research and development with a cash infusion of more than $100 billion…