Air Freight News
Airlines see Covid setbacks driving industry to $48 billion loss
The airline industry’s chief lobby group widened its estimate for losses this year by about a quarter, saying new Covid-19 flare-ups and mutations have pushed…
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China corn imports to surge to record high this year, US says
China’s appetite for the world’s corn is expected to hit a record this year -- and next season’s import haul will be the second largest…
Virgin Atlantic plans full ramp-up by fall amid unclear outlook
Virgin Atlantic Airways Ltd. is aiming to get all of its planes flying by October or November amid continuing uncertainty over how far Covid-19 border…
Australia cancels China’s Belt and Road deal with state
Australia has canceled agreements between China’s Belt and Road Initiative and the Victoria state government, in a move that could further worsen ties between the…
Emirates could tap Dubai for support amid delayed recovery
Emirates said it may need to tap Dubai’s government for an equity injection if demand doesn’t rebound from the coronavirus crisis in the next six…
EU reaches climate deal on binding goals that change everything
European Union lawmakers reached a late-night deal to make the bloc’s ambitious climate goals legally binding, paving the way for a torrent of new rules…
Erdogan fires trade minister after allegations of nepotism
Turkish President Recep Tayyip Erdogan fired his trade minister in an attempt to mitigate the damage from growing accusations of widespread nepotism in the government.
Northern Ireland split over Brexit trading deal, poll shows
Northern Ireland is divided on the region’s post-Brexit trading arrangements, a poll suggested.
Quake and fire has Japan importing most fuel in over 20 years
Japan’s fuel imports have hit the highest level in more than two decades after series of incidents including an earthquake and a refinery fire curbed…
Korea’s exports jump in early data as global trade recovers
South Korea’s early trade report showed exports surging in April, buoyed by a recovery of global commerce and a low year-earlier base when the pandemic…