Trade
Global trade at risk as tensions escalate in South China Sea
A vessel identified by the Philippine Coast Guard as “Chinese maritime militia” (back R) and a China Coast Guard vessel (front R) sailing near the Philippine military chartered Unaizah May 4 (L) during its supply mission to Second Thomas Shoal in the disputed South China Sea on March 5, 2024. Jam Sta Rosa | Afp […]
Read More
Thai headline inflation quickens in September, still below central bank target
People on the Mahanakorn skywalk overlooking Bangkok, shot on March 17, 2023. Lillian Suwanrumpha | Afp | Getty Images Thailand’s annual headline inflation quickened in September due mainly to higher prices of diesel and some vegetables, the commerce ministry said on Monday, and was still below the central bank’s target range of 1% to 3%. The headline consumer price index rose 0.61% in September from a year earlier, […]
Read More
European Union votes to impose tariffs on Chinese electric vehicles
Employees work on an electric vehicle (EV) production line at the Leapmotor factory in Jinhua, China’s eastern Zhejiang province on September 18, 2024. Adek Berry | Afp | Getty Images The European Union on Friday voted to adopt definitive tariffs on China-made battery electric vehicles (BEVs). “Today, the European Commission’s proposal to impose definitive countervailing […]
Read More
Satellite imagery shows Iranian oil tankers at country’s major terminal disappearing amid fears of Israeli counterattack
A general view of the Port of Kharg Island Oil Terminal in Iran on March 12, 2017. Fatemeh Bahrami | Anadolu Agency | Getty Images Satellite imagery revealed a number of oil tankers vacating the waters around Iran’s key Kharg Island oil loading terminal, amid fears of an Israeli counterattack on Tehran’s energy infrastructure. “The […]
Read More
U.S. bans Chinese firms in Uyghur region as Beijing fights forced labor claims
U.S. Department of Homeland Security emblem. Gwengoat | Istock | Getty Images The U.S. has added two new Chinese companies to a Xinjiang trade blacklist over forced labor accusations. The move comes just one week after Beijing retaliated against claims of human rights violations in the region and related “discriminatory measures” from American companies. The […]
Read More
The East and Gulf coast ports strike could be a no-win situation for the Biden administration
Mario Tama | Getty Images News | Getty Images President Joe Biden and his administration are sticking to their position of not invoking the Taft-Hartley Act to force International Longshoremen’s Association dock workers back on the job at East and Gulf coast ports where a strike is hitting day two on Wednesday, a political decision […]
Read More
The East and Gulf coast ports strike could be a no-win situation for the Biden administration
Mario Tama | Getty Images News | Getty Images President Joe Biden and his administration are sticking to their position of not invoking the Taft-Hartley Act to force International Longshoremen’s Association dock workers back on the job at East and Gulf coast ports where a strike is hitting day two on Wednesday, a political decision […]
Read More
Port strike fallout: Blockbuster weight-loss drug supply from Wegovy to Ozempic, Mounjaro, Zepbound, caught up in East Coast trade shutdown
An Eli Lilly & Co. Zepbound injection pen, March 28, 2024. Bloomberg | Bloomberg | Getty Images As a port strike stretching from New England to Texas halted nearly half of all trade coming into the U.S., customs data shows that critical medical devices and drug components for the booming, expensive weight-loss and diabetes drugs […]
Read More
A historic strike is underway at U.S. ports — and the impact on global supply chains could be huge
A container ship departs the Port of Newark for the Atlantic Ocean on September 30, 2024 seen from New York City. Spencer Platt | Getty Images News | Getty Images A massive dockworker strike at seaports on the U.S. East and Gulf coasts is expected to wreak havoc on global supply chains and the economy, […]
Read More
East and Gulf Coast ports strike, with ILA longshoremen walking off job from New England to Texas, stranding billions in trade
Shipping containers sit stacked in the Port of Newark on September 30, 2024 seen from New York City. A massive strike shutting down ports across the East and Gulf coasts began at midnight as members of the International Longshoremen’s Association continue to make salary and other demands to the United States Maritime Alliance, which controls […]
Read More