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Global Trade & Economics: Page 164

Maersk Stops All Red Sea Container Ship Traffic

Maersk said December 14 that its vessel, Maersk Gibraltar, was targeted by a missile when traveling from Salalah, Oman to Jeddah, Saudi Arabia.

Photo: iStock / Marina113

Two Cargo Ships Attacked by Houthis in Red Sea

Both December 15 attacks, one missile-based and the other drone-based, came from a part of Yemen controlled by the Houthi rebel movement.

Photo: iStock.com/SHansche

France Rejigs Rules for EV Aid, Leaving Out Most China-Made Cars

From December 15, France is offering a variable rebate based on household income on cars costing less than €47,000.

Thurrock, U.K. Photo: Chris Ratcliffe/Bloomberg

Global Manufacturing Slump Could Continue into 2024

The current level of spare capacity indicates that the end of a global manufacturing recession “is still some way off,” said GEP’s vice president of consulting, Todd Bremer.

Munich, Germany. Photo: iStock.com/Wirestock

Star Bulk and Eagle Bulk Shipping Agree to $2.1B Merger

Star Bulk Carriers' shareholders will own 71% of the company while the remaining 29% will be owned by Eagle Bulk shareholders.

Photo: iStock.com/liorpt

Swedish Transport Workers to Stop Collection of Tesla Waste

Tesla has faced a backlash in the Nordic region from pension funds and labor unions over the company’s refusal to accept a collective bargaining agreement covering wages and other benefits.

Upland, California. Photo: iStock.com/baileystock

As Chile Prepares to Open Lithium Assets, This Canadian Miner is Ready to Pounce

Financing probably will take the form of a convertible bond in the coming weeks with the participation of German chemicals giant BASF SE, said CEO Henk van Alphen.

Photo: iStock.com/HT Ganzo

Global EV Sales Experienced a Record-Breaking November

BEV and PHEV sales hit a monthly record of 1.4 million units during November 2023, up from 1.1 million the year prior.

Photo: iStock.com/SouthWorks

Manufacturing Execs Feel Worse About Future Business Prospects

The average optimism score of executives fell to 6.76 out of ten during August 2023 after coming in at 6.88 during March 2023.

Photo: iStock.com/DedMityay

AstraZeneca Buys Vaccine Company Icosavax for $1.1B

The U.K.’s biggest pharmaceutical firm has agreed to take over the Seattle-based company, which is developing a potential vaccine for two common respiratory diseases

Photo: iStock.com/hapabapa

Houthi Rebels Strike Norwegian Tanker with Missile

Houthi spokesperson Yahya Saree said that the ship was targeted December 11 after its crew failed to respond to warnings.

Photo: iStock.com/Dikuch

Merck Navigates Chip Geopolitics With ‘China For China’ Strategy

The German company adopted the “China for China” strategy in 2018 to meet surging demand for its LCD panels there.

Kai Beckmann, chief executive officer of Merck’s electronics business. Photo: Bloomberg

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

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