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Global Trade & Economics: Page 199

Japan Plans to Restrict Some Equipment Exports

Japanese trade minister Yasutoshi Nishimura told reporters that the move was not coordinated with U.S. restrictions.

Image: iStock.com/estherpoon

Report: Global 3PL Market Has Almost Doubled Since 2016

The global third-party logistics (3PL) market reached $1.47 trillion in 2022, according to Armstrong & Associates, Inc. (A&A), an increase of 14.5% over 2021 revenues.

Photo: iStock.com/sorn340

Tesla Pursues Building a New U.S. Plant With China’s Dominant Battery Maker

The auto industry has been lobbying to influence how the U.S. Treasury Department will interpret requirements in President Joe Biden’s signature climate package.

Photo: Bloomberg

Russia and India Discuss Northern Sea Shipping Route

Russia wants the route to become a major shipping lane and has invested heavily in infrastructure there.

A Russian Icebreaker on the water in Arctic Ocean toward to the North Pole. Photo: iStock.com/Sergey Zemnuhov

China Spent $240bn on Belt and Road Bailouts From 2008 To 2021, Study Finds

The share of Beijing’s overseas lending directed to borrowers in financial distress increased from 5% in 2010 to 60% in 2022, according to the study.

Image: iStock.com/MicrovOne

Alibaba to Split Into Six Groups and Explore IPOs

The reorganization marks a dramatic overhaul of one of China’s largest private companies, one that was once valued at over $800 billion.

Photo: iStock.com/Robert Way

Aging Shadow Fleet Carrying Russian Oil Poses Disaster Risk

The aftermath of European Union sanctions on Russia mean that some older vessels may not be properly inspected and maintained, leading to a catastrophic accident at sea.

The oil tanker Prestige sinks off the northwest coast of Spain in November 2002. Photographer: Douanes Francaises/Getty Images

Watch: How Corporate Boards Should Prepare for a Recession

Stephanie Resnick, partner and co-chair of the Directors’ and Officers’ Liability and Corporate Governance Practice Group at Fox Rothschild LLP, offers advice to corporate boards and leaders on how they can avoid being faulted for failing to prepare for an economic downturn.

How Corporate Boards Should Prepare For A Recession

Bombardier CEO Sees Blue Skies and Less Debt After Major Overhaul

Ending production of the small cabin Learjet and betting instead on mid- and large-size private jets, the Challenger and the Global, turned out to be a wise move.

Bombardier developed the C Series aircraft, but was unable to make it a financial success and had to offload it to Airbus, which renamed it the A220. Photo: Bloomberg

U.S. Due Diligence Firm Says China Detained Its Employees

The move highlighted the potential risks that firms involved in due diligence face in China as Xi Jinping has tightened the ruling Communist Party’s grip on information.

Photo: iStock.com/adrian825

The Race is on to Lure Manufacturers From China

Governments are pulling out the stops to welcome the businesses, as they seek to turbocharge economic development and create millions of new jobs.

Brick Factory at Kampong Chhnang, Cambodia. Photo: iStock.com/Goddard_Photography

Oil Tankers Divert Away From Strike-Ridden French Ports

France released strategic stockpiles of oil products in March to avoid fuel shortages as the strikes blocked fuel movements from many local refineries.

Photo: Bloomberg

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