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Global Trade & Economics: Page 180

Ukrainian Naval Drones Attack Russian Black Sea Port
The strike on August 4 came after Russia hit numerous port and grain-terminal targets, disrupting Ukraine’s ability to export grain.
Photo: iStock.com/IherPhoto
OPEC+ Reaffirms Strategy as Saudis Extend Unilateral Oil Cut
A monitoring committee composed of the kingdom and other key OPEC+ nations recommended no changes to the coalition’s supply policy during an August 4 online meeting.
Photo: Bloomberg
Tech Giants Pause Indian Laptop Imports Under New Licensing Rule
Shipments that have already been ordered will be allowed into the country without licenses until August 31, 2023, an unnamed government source said.
Saigon, Vietnam. Photo: iStock.com/NguyenDucQuang
Saudi Arabia Extends 1M-Barrel Oil Cut, Says It Can Be Deepened
The leader of the Organization of Petroleum Exporting Countries (OPEC) will continue the cutback of 1 million barrels a day into September.
Photo: iStock.com/Guven Polat
Global Grain Prices Soar Following Russian Attack on Ukrainian Port
The EU warned developing countries that Russia would begin offering cheap grain as a way to create new dependencies stemming from economic vulnerabilities and global food insecurity.

Photo: iStock.com/Iryna Mylinska
American Airlines in Talks with Airbus, Boeing for 100-Jet Deal
The U.S. airline is considering Boeing’s 737 Max and Airbus’s A321neo to replace aging 737-800, A319 and A320 single-aisle models later this decade.
Photo: Bruce Bennett/Getty Images/Bloomberg
U.S. Bans Goods from Two Chinese Companies Under Forced Labor Law
The Department of Homeland Security enforced the restrictions because both organizations utilized business practices that targeted members of persecuted groups in China.
Photo: iStock.com/Andrii Koval
The Global Factory Activity Slump Continued in July
The J.P. Morgan Global Manufacturing Purchasing Managers’ Index registered a score of 48.7 during July, matching the index’s lowest level since June 2020.
Munich, Germany. Photo: iStock.com/Wirestock
Copper Hits Three-Month High Amid Demand Hopes, Supply Risks
Copper rose as much as 1.8% to $8,821 a ton on the London Metal Exchange, the highest level since April 21.
Copper pipes. Photo: iStock.com/SimoneN
Sunak Defends U.K.'s Decision to Grant 100 North Sea Oil and Gas Licenses
Sunak said the decision to grant the licenses was the right thing to do, arguing that the choice aligns with the country’s net-zero emissions goals.
Photo: iStock.com/tifonimages
ONE Announces Service Further Connecting North and South America
The service, which will be launched in September 2023, will connect South Florida to Honduras, Colombia, Peru and Ecuador.
Photo: iStock.com/Tryaging
Port Operators Agree to Tentative Labor Deal with Canadian Dockworkers
The two sides were able to reach a new deal with the help of the Canada Industrial Relations Board.
Port of Vancouver, Vancouver, Canada. Photo: iStock.com/limpers
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