US economic growth revised lower for first quarter; jobless claims edge up
The U.S. economy grew more slowly in the first quarter than previously estimated after downward revisions to consumer spending, the…
ECB has almost vanquished its final inflation foe
The main thing standing between Christine Lagarde and her 2% inflation target is the rising cost of hotels, transport and…
Jordan reveals US-backed strategy to boost its Red Sea coastline economy
Jordan revealed a US-backed strategy aimed at growing investment in its Red Sea coastal city of Aqaba on Wednesday, with…
Indian economy exhibiting strength and stability says RBI
According to the latest Annual Report of the Reserve Bank of India (RBI), the Indian economy is exhibiting strength and…
Experts: ‘Overcapacity’ narrative counter to fact
The false narratives about China’s “overcapacity” disregard fact and economic principles and could jeopardize the global green transition, experts said.…
Newbuilding Orders Slow Down, as S&P Deals Accelerate
Tanker ordering activity was the main trend in last week’s newbuilding orders, while bulkers keep dominating the S&P market. In…
BIMCO: Tanker Shipping Demand to Rise by 10.2% in 2024, Compared to 2022
Supply/demand balance Houthis continue to attack ships in the Red Sea and the Gulf of Aden, and there is no…
Ocean freight container shipping market set to surpass Red Sea crisis peak and hit levels not seen since Covid-19 pandemic
Ocean freight container shipping spot rates are set to exceed the level seen at the height of the Red Sea…
CBP curtails low-value shipment access for multiple customs brokers
Growth in the use of a low-value shipment rule has attracted critics, who say the de minimis program provides a…