Trade
Boeing delivers 35 planes in May as it grapples with supply chain problems
A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Washington, June 29, 2020. Karen Ducey | Reuters Boeing said Tuesday it delivered 35 planes in May, on par with the previous month as it grappled with supply chain issues affecting its bestselling 737 Max jetliner. The manufacturer booked gross […]
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Latest Shanghai quarantines add more pressure to global supply chain
Staff members of China Post unload parcels of daily necessities for residents quarantined at home from a minivan on May 14, 2022 in Shanghai, China. Tian Yuhao | China News Service | Getty Images The mass quarantine measures imposed this past weekend in Shanghai, including highway closures, severely affected trucks carrying exports bound for the […]
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Union announces daytime work stoppage at congested Port of Oakland
In an aerial view, a container ship sits docked at the Port of Oakland on May 20, 2022 in Oakland, California. Justin Sullivan | Getty Images A crucial port workers union is shifting a planned work stoppage to daytime hours June 20 at the already-congested Port of Oakland in California, just days before the expiration […]
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HSBC shutters Hong Kong-based trade start-up Serai
An HSBC Holdings bank branch in Hong Kong on May 24, 2022. A Hong Kong-based trade platform launched by HSBC Holdings three years ago with much fanfare has shut down after failing to build a commercially viable business. Bertha Wang | Bloomberg | Getty Images A Hong Kong-based trade platform launched by HSBC Holdings three […]
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To boost solar, Biden looks the other way on potential Chinese trade violations
U.S. President Joe Biden’s move to prohibit new tariffs on the solar panels also took the teeth out of an investigation by the Commerce Department that was required by law. Logan Cyrus | The Washington Post | Getty Images Facing paralysis of the U.S. solar industry, President Joe Biden has ordered that potential trade violations by Chinese solar panel […]
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These charts show the state of the global supply chain as China eases Covid lockdowns
Zoom In IconArrows pointing outwards The CNBC Supply Chain Heat Map for China, which is gradually easing Covid lockdowns, is showing several hot spots slowing down trade flow in recent days. China’s “zero Covid” measures on trucking and cross-city transport limitations continue to slow down manufacturing and logistics. The decrease in completed manufactured goods is […]
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Left out of the Indo-Pacific deal, China pushes toward the world’s largest trade deal
U.S. President Joe Biden, India’s Prime Minister Narendra Modi and Japan’s Prime Minister Fumio Kishida attend the Indo-Pacific Economic Framework for Prosperity (IPEF) launch event at Izumi Garden Gallery in Tokyo, Japan, May 23, 2022. Jonathan Ernst | Reuters Amid the fanfare of U.S. President Joe Biden’s new Indo-Pacific strategy, China flew under the radar and […]
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Food price inflation rocks the Middle East’s economies, pushing up risk of social unrest
Local government officials and a Ukrainian soldier inspect a grain warehouse earlier shelled by Russian forces on May 06, 2022 near the frontlines of Kherson Oblast in Novovorontsovka, Ukraine. John Moore | Getty Images Rising prices of food and energy are reverberating through Middle Eastern and North African economies, a new S&P Global Ratings report […]
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Russia’s war on Ukraine could shake up global trade blocs. Here are the winners and losers
Aerial view of shipping containers and cranes at Qingdao Port on May 30, 2022 in Qingdao, Shandong Province of China. Han Jiajun | Visual China Group | Getty Images First, it was the pandemic. Then came the Russia-Ukraine war. With two major global crises back-to-back, there could be some lasting changes in supply chains and […]
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Taiwan to hold trade talks with EU as Europe focuses on chips: Reuters, citing source
Images of semiconductor wafers at the TSMC Museum of Innovation in Hsinchu on Jan. 11, 2022. I-Hwa Cheng | Bloomberg | Getty Images Semiconductor-powerhouse Taiwan will on Thursday hold high-level trade talks with the European Union, a source familiar with the matter told Reuters, amid a concerted push by the bloc to boost its chip […]
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