Navigating the Future: Elomatic Launches Aura APM at SMM Hamburg
As the maritime industry gathers for the much-anticipated SMM Hamburg, Elomatic is pleased to announce the launch of its new…
Barge to Innovate New Zealand Coastal Shipping Grounds in Storm
A newly launched service using a self-propelled barge that was promoted as a game changer in New Zealand’s coastal shipping…
Blade Failure at UK Wind Farm Due to Commissioning Process Says GE Vernova
The failure of a blade at the under-construction Dogger Bank offshore wind farm in the UK was due to the…
Sinopec’s lower throughput target in H2 likely to cap China’s crude imports
China’s state-owned Sinopec aims to lower its crude throughput by 1.6% in the second half of 2024 to 5.03 million…
Fading US inflation keeps the Fed on the path of rate cuts
Inflation is on the path to 2% The Fed’s favoured inflation measure, the core PCE deflator, has come in at…
China’s weak factory PMI raises pressure for consumer stimulus
China’s manufacturing activity sank to a six-month low in August as factory gate prices tumbled and owners struggled for orders,…
Goldman to lay off a few hundred employees in annual talent review, source says
Goldman Sachs is planning to cut a few hundred jobs as part of an annual review process aimed at low…
China’s top banks post lower second quarter profit as property sector weighs
Four of China’s five largest lenders reported a lower second-quarter profit this week after responding to a government nudge to…
THINK Ahead: Back to the 90s
‘What do interest rates and Oasis have in common?’ asked nobody this week. But James Smith has got the answer…
Countries still far apart on COP29 finance goal
With less than three months until this year’s COP29 UN climate negotiations, countries remain far from agreement on the summit’s…