Air Freight News
Europe hits China with medical devices probe before Xi visit
The European Union launched an investigation into China’s procurement of medical devices, the latest in a spate of actions that are raising tension ahead of…
Oil holds gains above $88 before update on US crude inventories
Oil held gains above $88 a barrel before the release of weekly US stockpiles data as traders took cues from wider markets and a fading…
US orders for business equipment tick up after downward revision
Orders placed with US factories for business equipment rose modestly in March, indicating firms are cautious about demand prospects and tempering investment.
Boeing’s $3.9 billion cash burn adds urgency to revival plan
Boeing Co. burned through $3.93 billion in cash in the first quarter, a less dramatic drain than analysts had predicted, as the embattled planemaker continues…
Boeing’s revival roadmap put to test by dwindling time and cash
Boeing Co.’s assurance that it can pull itself together in the next three months is giving rise to two opposing questions: Is that too little…
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China’s cheap EVs redraw the map of where cars get made
China is set to change the map of global automaking by stepping up electric-car exports that will intensify mass-market competition, according to the International Energy…
China’s oil buyers set to weather tighter US sanctions on Iran
China’s private oil refiners could seek to buy more cargoes whose origin has been obscured as they prepare for fresh US sanctions on Iranian exports,…
EU opens investigation into China’s medical device procurement
The European Union launched an investigation into China’s medical device procurement, as the bloc seeks to address concerns that Beijing’s policies unfairly favor domestic suppliers.
Brazil joins protectionist wave in face of cheap steel imports
Brazil is stepping up protections for its steelmakers amid an influx of cheap imports led by China, by imposing an import quota system on 11…
Fortescue iron ore exports take hit from derailment, weather
Fortescue Ltd., the world’s fourth-biggest iron ore miner, said it expects full-year shipments of the steelmaking material to be at the lower end of its…