US productivity slows sharply in first quarter
U.S. worker productivity growth slowed sharply in the first quarter, resulting in a surge in labor costs, but the trend…
Germany hit hard as foreign investment falls in Europe, EY survey shows
Foreign direct investment (FDI) into Europe fell 4% last year, with Germany seeing a sharp 12% drop in projects amid…
Euro zone inflation on track, back at target soon, ECB’s de Cos says
Euro zone inflation is falling as expected and will ease to 2% in the middle of next year after a…
US issues hundreds of sanctions targeting Russia, takes aim at Chinese companies
The United States on Wednesday issued hundreds of fresh sanctions targeting Russia over the war in Ukraine in action that…
Fed announces reduction in balance sheet runoff pace
The Federal Reserve announced plans on Wednesday to slow the speed of its balance sheet drawdown, after having spent much…
US private payrolls beat expectations in April
U.S. private payrolls increased more than expected in April, suggesting that the labor market maintained its momentum early in the…
Mother and Son to Pay £5,000 for Obstructing UK Coastguard
A mother and son will have to pay more than £2,000 for obstructing the work of the U.K.’s Maritime and…
Frisky Thursday for the capesize market as Pacific freight rates and futures jump up
Futures market saw big gains on Thursday as suddenly everything started to look a little more rosy
Foremost injects youth into fleet with NYK-chartered newbuilds after string of sales
Latest newbuilding deliveries, outfitted for biofuels, bring fleet age to five years
Crack in Tanker’s Hull Causes Largest Oil Spill in Ceuta Port History
Spanish authorities at the port of Ceuta on the southern side of the Strait of Gibraltar declared contained what they…