Cathay shareholders approve $5 billion plan to avoid collapse
Cathay Pacific Airways Ltd.’s shareholders approved a plan to raise HK$39 billion ($5 billion) in a government-backed rescue that includes the sale of preference shares…
China to sanction U.S. Senators Rubio, Cruz over Xinjiang
China announced sanctions against U.S. officials including Senators Marco Rubio and Ted Cruz, in a largely symbolic retaliation over legislation intended to punish Beijing for…
Singapore vote result may prompt tweaks to foreign labor rules
Singapore’s July 10 election, which saw an unprecedented erosion of support for the ruling People’s Action Party, could prompt tighter restrictions on foreign labor and…
U.S. firms worried about Hong Kong security law, AmCham says
A majority of U.S. businesses operating in Hong Kong are worried about the impact of the controversial national security law recently imposed on the city…
U.K. business urged to prepare for end of Brexit transition
Boris Johnson’s government will launch a campaign Monday to urge businesses to prepare for the end of the Brexit transition period on Dec. 31, as…
Libya declares force majeure on oil exports as blockade renewed
Libya’s National Oil Corp. has declared force majeure on all oil exports, barely a day after lifting it, the state-owned company said in a statement.
Salmon psychosis keeps China demand near zero, Chile group says
Chinese demand for Chilean salmon is “practically zero” after Beijing raised concerns about Covid-19 risks in imported seafood, according to industry group Salmon Chile.
Gap plans to compensate suppliers for canceled orders
Gap Inc. will work collaboratively with its vendors to compensate them in full for finished goods and goods in production that were canceled or subject…
Cargo Declines at Port of Long Beach in June
The COVID-19 pandemic continued to drive down demand for goods in the second quarter of 2020, leading to an increase in canceled sailings and a…
LATAM registers the largest mask shipment carried on a single flight
The LATAM flight carried the largest amount of surgical masks transported since the operation with the Ministry of Infrastructure to bring supplies to fight COVID-19…
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