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Global Trade & Economics: Page 161

U.S. Passes China as South Korea’s Top Export Market

South Korea sold $11.3 billion of goods to the U.S. in December 2023, beating out China by roughly $400 million.

Photo: iStock.com/ByoungJoo

India Truckers Strike Threatens Food, Fuel, Goods Supplies

The truckers launched the strike January 1 in protest against the newly enacted criminal law which extends the jail term for hit-and-run cases to a maximum of 10 years.

New Delhi, India. Photo: iStock.com/naveen0301

Tesla Beats Q4 Delivery Estimates

The American car company was able to deliver a record number of vehicles during Q4, helping the organization hit its 2023 target of 1.8 million automobiles.

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

Nickel Is 2023’s Biggest Metals Loser, Copper Manages Small Gain

The metal used in stainless steel and electric vehicle batteries posted an annual drop of 45% on the London Metal Exchange, the biggest decline since 2008.

Sorowako, Indonesia. Photo: Bloomberg

Physical Operations, Politics Will Be Suppliers’ Biggest Hurdles in 2024

Physical operations will present the biggest challenge to companies at the beginning of 2024 with the ongoing conflict in the Middle East coupled with climate issues disrupting shipping networks.

Photo: iStock.com/Chonlatee Sangsawang

Bangladeshi Garment Factory Workers Fired After Protests, Unions Say

Three labor organizations estimated that between 1,000 and 5,000 workers had either been fired in the last two months or forced to go into hiding.

Photo: iStock.com/triloks

Astra Boosts Push Into China Biotech Scene With $1.2B Buy

The acquisition builds on a run of deals in China for AstraZeneca, one of the most active western drug-makers in that country.

Cargo Ship Damaged by Russian Mine in Black Sea, Ukraine Says

Russia says it regards all cargo ships in the Black Sea bound for Ukraine as potential military targets, and mines remain a constant threat.

Photo: iStock.com/IherPhoto

U.S. Lifts Ban on Imports of Latest Apple Watch

The U.S.'s trade body had barred imports and sales of Apple watches with technology for reading blood-oxygen levels, because of a patent row.

Photo: iStock / fazon1

China Names a New Naval Chief as Maritime Tensions Climb

The Chinese military has held major military drills around Taiwan twice since August 2022 because President Tsai Ing-wen met senior U.S. lawmakers.

Kaohsiung Harbor, Taiwan. Photo: iStock.com/JavenLin

Philippines Attracts Four Bidders for $3 Billion Manila Airport Upgrade

The project involves upgrading of terminals, increasing of capacity to up to 62 million passengers annually, and improving technology infrastructure.

Photo: Bloomberg

Hapag-Lloyd Says Red Sea Route Still Too Dangerous

By contrast, both Maersk and CMA CGM said they were devising plans to gradually increase the number of ships they send through the Suez Canal.

Hamburg, Germany. Photo: iStock.com/n_prause

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