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Global Trade & Economics: Page 151

EU Corporate Due Diligence Law Adopted

Foreign companies will be required to designate their authorized representative based in the member state in which they operate.

Photo: iStock.com/Alexandros Michailidis

Dubai Firm Loses Bid to Escape Sanctions on ‘Shadow Fleet’

Lawyers for Fractal Marine DMCC, argued that the company, which was set up in early 2022, would be forced into liquidation unless the measures were lifted.

Fractal was one of several firms that sprouted in early 2022 shortly after a Group of Seven price cap and wider western sanctions on Russian oil. Photographer: Ali Mohammadi/Bloomberg

Top Russia Grain Trader Says Exports Blocked by Agricultural Watchdog

The comments are the latest sign of upheaval among traders in Russia, the world’s top wheat exporter.

Torun, Poland. Photo: Bartek Sadowski/Bloomberg

U.S. Imposes Sanctions Against Shipping Company Allegedly Linked to Houthi Financier

The U.S. Department of the Treasury claims that a vessel owned by Vishnu Inc. has been involved in "illicit shipments" to China, in support of Iran-backed Houthis.

Photo: iStock.com/brunette

Drought Threatens to Snarl Mississippi River Traffic for a Third Year

Low flows on the Mississippi could have potential impacts on those navigation and commercial interests that depend on water from the river, NOAA said.

Low water levels on the Mississippi River in Memphis, Tennessee, U.S., in late 2022. Photographer: Houston Cofield/Bloomberg

France Cracks Down on Temu, Shein Amid Concerns Over Alleged Forced Labor

Both Temu and Shein have faced frequent allegations over forced labor at their production and manufacturing facilities.

A SHEIN e-commerce distribution center in Whitestown, Indiana, November 2022. Photo: iStock.com/jetcityimage

Intel Receives $8.5B in Grants to Build Chip Plants

The effort is at the center of the president’s goal to reduce America’s reliance on foreign countries.

Santa Clara, California. March 2018. Photo: iStock.com/JHVEPhoto

Unlocking Track and Trace for FSMA 204 Compliance

While two years may seem like ample time to prepare, the reality is that it takes careful planning and multiple steps to implement advanced track and trace technology.

Photo: Sojo Industries

AliExpress Expands 5-Day Delivery to U.S. Amid Ongoing E-Commerce Battle With Temu

AliExpress and Temu have frequently been neck-and-neck as two of the most valuable Chinese firms on the U.S. stock exchange.

Photo: iStock.com/BongkarnThanyakij

Ukraine Regains Dominance of Black Sea, Enabling Resumption of Grain Exports

Ukrainian farmers have sharply increased sales since Russian warships were pushed back by attacks with Ukrainian naval drones.

Photo: iStock.com/Istimages

Silk Way West Airlines Buys an Extra Boeing 777 Freighter

The Azerbaijani airline says it further demonstrates Silk Way West Airlines' commitment to sustainability in the air cargo industry.

Photo: Silk Way West Airlines

China's Container Market Stays Stable Because of Supply-Demand Imbalance

The market for containers is witnessing a significant mismatch between buyer and seller price expectations, because of continued strong demand.

Photo: iStock.com/MikeMareen

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How a Leading U.S. Floral Distribution Company Reduced Warehouse Labor Costs by 45% with RFID

Recycled Tagging Fasteners: Small Changes Make a Big Impact

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Enhancing High-Value Electronics Shipment Security with Tive's Real-Time Tracking

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