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Global Trade & Economics: Page 191

IPEF Talks Lead to Proposed 14-Country Supply Chain Agreement

The IPEF Supply Chain Agreement establishes a framework for long-lasting cooperation on issues like supply chain monitoring, investment promotion, workforce development and crisis response.

Photo: iStock.com/Seiya Tabuchi

Europe’s Unwanted Coal Heads to China and India as Heat Builds

The country has ramped up imports, but demand hasn’t kept up as China’s recovery has disappointed.

Photo: Bloomberg

Toyota, Daimler Truck Forging New Venture to Bolster Margins

The deal could also give Daimler Truck the ability to tackle their margin improvement targets more aggressively.

The head of the four companies, Hino’ Satoshi Ogiso, from left, Toyota’s Koji Sato, Mitsubishi Fuso’s Karl Deppen and Daimler Truck’s Martin Daum during a news conference on May 30. Photo: Bloomberg

Invasion of Ukraine ‘Has Fueled Funding Boom for Clean Energy’

For the first time in history the amount of investment going to solar is higher than the amount going to oil production

A close-up of solar panels can be seen in front of a sunset. Photo: iStock.com/JONGHO SHIN

U.K. Car Manufacturing Outputs Grew by Almost 10% in April

During April 2023, the U.K. manufactured 66,527 cars, marking a 9.9% year-on-year increase and the third straight month that vehicle outputs have grown in the country.

Photo: iStock.com/Traimak_Ivan

Biden Trade Curbs on China Risk Huge Damage to U.S. Tech Sector, Says Nvidia Chief

Jensen Huang said curbs introduced by the Biden administration had left the U.S. tech business with “our hands tied behind our back.”

Photo: iStock.com/Antonio Bordunovi

Higher Mexican Wages Spell Trouble for Near-Shoring

The trend comes in part from the U.S.-Mexico-Canada Agreement (USMCA), which took effect in July 2020 as a replacement for the North American Free Trade Agreement.

Photo: iStock / natatravel

Ocean Freight Rates Drop to 2019 Levels

With more capacity from shipbuilders on the way, shipping companies have limited leverage in what’s become a buyers’ container market.

Photo: iStock.com/SHansche

Adnoc Boosts Size of Logistics Unit IPO to $769 Million Amid Strong Demand

Lower oil prices and concerns about slower economic growth globally have weighed on the market, and the MSCI GCC Countries Index has fallen almost 13% in the past year.

Photo: Bloomberg

China Bans Micron from Domestic Infrastructure Projects

The ban was announced by the Cyberspace Administration of China after the organization said that Micron had failed to pass a cybersecurity review.

Photo: iStock.com/vzphotos

Brick-and-Mortar Chains Going Bankrupt at Fastest Pace Since 2020

Pearland, Texas. February 19, 2022. Photo: iStock.com/JHVEPhoto

U.S.-Led Pacific Trade Talks Close to Reaching Supply Chains Pact

Negotiators would reportedly like to announce an agreement regarding Indo-Pacific trade talks at a meeting of ministers taking place in Detroit on May 27.

Photo: Dimas Ardian/Bloomberg

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