US weekly jobless claims fall; labor market gradually easing
The number of Americans filing new claims for unemployment benefits fell last week, pointing to underlying strength in the labor…
ECB’s rates framework may discourage money-market lending – Nagel
The European Central Bank’s new interest rates framework may discourage money-market lending because banks will find it cheaper to tap…
China says ‘bullying’ tariff hike shows that some in US have lost their minds
The U.S. move to raise tariffs on Chinese goods is a case of “typical bullying” and “shows that some people…
China’s investment in UAE rose 16% to $1.3bn in 2023 as ties strengthen
Chinese investments in the UAE increased by more than 16 per cent annually in 2023 to $1.3 billion, as economic…
ECB’s Centeno sees lower interest rates soon, no word on June decision
Euro zone inflation is in a sustained decline towards 2% and the European Central Bank’s interest rates will certainly start…
Strong Southern Hemisphere harvests drive reefer shipping growth
After a tumultuous year in 2023, the reefer sector has started 2024 on a stronger footing as healthy crops in…
Logistics Trade Bodies Unite in Calls for Industry Action on New EU Import Declarations
Global and European trade associations representing shippers, forwarders and vessel operators have issued an urgent alert to all businesses involved…
Oregon governor proposes $40 million to keep Portland container service alive
The apparent lifeline comes after port officials announced in April that container service at Portland would end in October due…
South Korea’s KOMIPO seeks LNG for July delivery
South Korea’s Korea Midland Power Co (KOMIPO) is seeking 3-3.6 trillion British thermal units (TBtu) of liquefied natural gas (LNG),…
Some Urals flows to Asia diverted via Africa, India remains top destination
At least three tankers with Russian Urals oil on board chose a longer route to Asia around the Africa’s Cape…