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Global Trade & Economics: Page 173

India to Cut Floor Price for Basmati Exports to Stay Competitive
The nation, which has curbed overseas sales of all grades of rice to control domestic food inflation, will reduce the minimum export price to $850 a ton from $1,200.
Ambala, India. October 2022. Photo: T. Narayan/Bloomberg
ILWU Files for Bankruptcy Because of Port Lawsuit
The case involves work slowdowns and stoppages at the Pacific Northwest during labor confrontations more than a decade ago.
Portland, Oregon. Photo: iStock.com/Vesivus
Indonesia Opens Whoosh High-Speed Railway
The new service connects the capital Jakarta to Bandung, a top economic hub, and is designed to ease the country's severe traffic jams.
Photo: iStock.com/Algi Febri Sugita
Retail Crime Led to Over $112B in Losses in 2022
The average shrink rate for the 2022 fiscal year grew to 1.6% from 1.4% in 2021, aligning with shrinkage rates seen in 2020 and 2019.
Photo: iStock.com/AndreyPopov
Russia Expects 2023 Trade Volumes with China to Exceed $200B
Trade between China and Russia grew substantially during the first seven months of 2023 to $134.1 billion, a 26.5% increase compared to 2022.
Photo: iStock.com/btgbtg
GE Says It Can Be the U.S.’s Top Dishwasher Manufacturer
GE Appliances claims the dishwasher expansion project that it started two years ago makes the plant the biggest of its kind in the U.S.
Bradenton, Florida. Photo: iStock.com/Roman Tiraspolsky
Podcast | Will an Investment ‘Supercycle’ Spark the Revival of American Manufacturing?
Will three big recent funding measures entice manufacturers to shift production from China back to the U.S.?
Photo: iStock.com/Traimak_Ivan
EU Threatens Sales Ban of Western Parts Used in Russian Drones
Photo: iStock.com/vadimrysev
Kazakhstan Planning to Increase Oil Supplies to Germany
Tokayev said that Kazakhstan has shipped roughly 500,000 metric tons of crude oil to Germany’s Schwedt refinery through 2023.
Photo: iStock.com/Guven Polat
QatarEnergy, HHI Sign $3.9B Deal for 17 LNG Vessels
This order marks the next phase in QatarEnergy’s ship acquisition program, which supports the expansion of its Golden Pass LNG export and North Field LNG projects.
Klaipeda, Lithuania. Photo: iStock.com/Natallia Pershaj
Trafigura Gets $500M to Buy Saudi’s Non-Crude Commodities
The three-year deal gives Trafigura a big new chunk of credit for trading at a time when energy prices are rising again.
Photo: iStock.com/TexBr
Indian Bodies Call for Temporary Pause on Rough Diamond Imports
The appeal only focuses on the voluntary suspension of importing rough diamonds, meaning Indian diamond manufacturers will be allowed to continue their operations without interruption.
Photo: iStock.com/joebelanger
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