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Global Trade & Economics: Page 179

Rio Tinto Strikes Rail Deal for Huge Iron Ore Mine in Guinea

Rio said it had struck a deal with Guinea and the Winning Consortium Simandou to develop the 600 kilometers of rail lines needed to transport the iron ore.

Boron, California. Photo: iStock.com/Angel Di Bilio

China Slams Biden for Tech Investment Executive Order

The Chinese Foreign Affairs Ministry said it was dissatisfied with the order and strongly opposed the U.S.’s new investment strategy in an August 10 statement.

Photo: iStock.com/cybrain

Geopolitical Tensions Forcing 35% of Importers to Reexamine Supply Chains

One in five importers from outside the U.K. have had to change their supply chains due to geopolitical tensions while another 15% are considering supply chain alterations.

Photo: iStock.com/SHansche

Podcast | ‘The Death of Globalization’: What Will Take Its Place?

Is the age of globalization coming to an end? If so, what will the future of trade look like?

Photo: iStock.com/vitacopS

U.S. Cargo Volumes in August Likely to Be Highest in Almost a Year

U.S. ports are expected to handle 2.03 million TEU during August, marking the first time American ports have handled over 2 million TEU since October 2022.

Photo: iStock.com/waleed ahmed

Watch: Nearshoring in Mexico: The New North American Model

It’s no wonder that companies from all over the world are establishing operations in Mexico.

Alberto Villarreal

Zara’s Billionaire Owner Becomes California Landlord to Walmart

Ortega’s family office has paid $109 million to acquire the center in Inland Empire, a logistics hub some 60 miles east of Los Angeles.

Amancio Ortega. Photo: Bloomberg

Unemployment in Transportation Sector Rises, Topping National Average

The unemployment rate in the U.S. transportation sector rose 0.7 percentage points to 4.9% in July 2022, above the pre-pandemic July 2019 level of 4.2%.

Photo: iStock.com/Wannachai Phonnuan

Biden Narrows China Investment Order as U.S. Seeks Better Ties

The order, announced August 9, would regulate U.S. investments in some Chinese semiconductor, quantum computing and artificial intelligence firms.

Photo: iStock.com/Dilok Klaisataporn

German Supermarket Raises Prices to Reflect True Climate, Health Cost of Foods

The “wahre Kosten” or “real costs” campaign was triggered by the belief that prices in supermarkets do not reflect the true environmental or long-term health costs of food.

Photo: iStock.com/yul38885 yul38885

Delivery Slowdown Drives UPS Earnings Down

The package carrier took an extra hit last quarter from its contract talks with the Teamsters union, which UPS says resulted in $1 billion in lost revenue.

Cargo Airline Western Global Goes Bankrupt After Facing Cash Crunch

The filing comes nearly three years after the airline tapped the junk bond market for the first time in summer 2020 amid the pandemic-era boom and cheap credit.

Photo: iStock.com/Gam1983

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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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