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Global Trade & Economics: Page 133

Global Trade Volume Recovery Extends Into Third Quarter, WTO Says

The WTO’s goods barometer increased to 103 compared with a reading of 100.6 in March, the Geneva-based organization said in a new report.

The Port of Singapore on Monday, October 12, 2020. Photo: Lauryn Ishak/Bloomberg

Sourcing from the Americas Now the Focus of U.S. Importers, Survey Says

Nearly half of respondents (47%) believe the primary benefit to having a more diversified supply chain is reducing the risk of disruption from various events such as natural disasters.

Photo: iStock.com/buradaki

U.S.-Backed Angola Rail Plan Secures $200M From Key Bank

The project is part of a U.S. plan to secure access to critical minerals such as copper and cobalt in a region where China has been dominant.

Copper plates prepared to be loaded on trucks for export at Mopani Copper Mines in Mufulira, Zambia. Photo: Bloomberg

Mediterranean Nations Push for United Approach to Water Conservation

Cyprus agriculture minister Maria Panayiotou said that Europe experienced its worst drought conditions in 500 years in 2023.

Photo: iStock / branex

Container Carrier Profits Soar on Record Volumes, Higher Rates

Demand has been especially strong in the U.S., where retailers and other importers are stocking up at warehouses amid worries about new tariffs a possible dockworkers strike.

A container ship at the Port of Felixstowe. Photographer: Chris Ratcliffe/Bloomberg

Panama Canal Eases Limits That Caused Global Shipping Bottleneck

The Panama Canal Authority has increased the draft in the waterway to a maximum 50 feet and will allow 36 vessels a day to transit.

Several freighters, assisted by tugboats, entering the Panama Canal at Gatun Locks on the Atlantic side. Photo: iStock / searagen

IBM to Shut China R&D Team, Affecting Less Than 1,000 Staff

Hardware is a particularly sensitive arena given the U.S. and China are locked in a conflict over key technologies from semiconductors to artificial intelligence.

Impacts of Canada Rail Strike Would Be Felt Across Country's Supply Chains

The Railway Association of Canada says that more than half of the country's exports are moved by rail, in addition to 70% of its intercity surface freight.

Photo: iStock / JHVEPhoto

EU Looks at Cutting Tariffs on Teslas Made in China to 9%

The EU's draft says that the proposed tariffs are still subject to change, as it gathers feedback and comments from its member states.

Frankfurt, Germany. January 2022. Photo: iStock / Anski

Twin Strikes at U.S. Ports, Canada Railways Would 'Create Chaos in North America'

Ahead of looming deadlines, it's unclear whether either situation will resolve in time to avert these twin crises, or how long any potential work stoppages might last.

Photo: iStock / halbergman

Walmart Offers U.S. Inbound Shipping to China Sellers

Walmart Marketplace sellers can now use the retailer’s ocean shipping service to transport China-made goods to the company’s U.S. fulfillment center network.

East San Francisco Bay Area. November 2020. Photo: iStock.com/Sundry Photography

Maersk to Invest $2B in Pakistan Ports, Transport

The investment will contribute to the development of infrastructure, and play a vital role in boosting Pakistan's economy, said Pakistan’s Minister for Maritime Affairs, Qaiser Ahmed Sheikh.

Pakistan International Container Terminal-PICT. Photo: iStock/Wirestock

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