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Global Trade & Economics: Page 20

U.S. Exports Rose in April, Swelled by Energy Demand

Commerce Department data showed exports rose in April, shrinking the monthly trade deficit.

Photo: iStock / peshkov

Giant Oil Supertanker Orders Eclipse Record Set in 2008

The tankers boom, and the potential for it to seed the next downturn, was a constant talking point at the industry’s biennial Posidonia gathering in Athens, June 1-5.

A ship under construction in a ship-building yard in Dalian, China. Photographer: Qilai Shen/Bloomberg

Houthis to Impose ‘Complete Ban’ on Israeli Ships in Red Sea

While the Houthis’ statement doesn’t amount to a ban on commercial shipping in the Red Sea, maritime intelligence agency Vanguard Tech advised caution.

A ship transits the Suez Canal towards the Red Sea in 2024. Photographer: Sayed Hassan/Getty Images

Xeneta: Massive Freight Rate Increases Driven by War and Energy Crisis Fears

If shippers look to frontload imports, then carriers will look to push rates higher and higher, so the market may yet be far from its peak, warns the analyst.

Container ships and bulk carriers offshore from Singapore. Photographer: SeongJoon Cho/Bloomberg

Kuwait Bears Brunt of Iranian Response to U.S. Ship Attacks

Residents in Kuwait said they are increasingly concerned there will be more attacks.

Kuwait International Airport. Photo: iStock/mtcurado

NY Fed: War-Stricken Supply Chain Woes Mean More Inflation

The supply chain disruptions and the hit to inflation caused by the war have created a challenging outlook for the regional Fed.

The New York Federal Reserve Building (left) in lower Manhattan. Photo: iStock/JayLazarin

First Oil Supertanker Moors at Kharg Island in Almost a Month

The blockade is depriving Tehran of petroleum revenue and the market of millions of barrels of supply.

Image: iStock/PeterHermesFurian

Nissan in Talks to Make Cars by China’s Chery at UK Plant

Chery’s brands, which include Jaecoo and Omoda, have proved popular with British buyers, taking customers from the likes of Nissan.

Automobile body shells on the vehicle production line at the Nissan Motor Co. manufacturing plant in Sunderland, UK. Photographer: Ian Forsyth/Bloomberg

Trump Attempts to Halt Tariff Refunds

The DoJ has filed a notice that it intends to challenge the Court of International Trade’s original refund order.

Image: iStock/LPETTET

OECD Warns of Long-Lasting Global Economic Damage from Iran War

The OECD also pointed to inflationary pressures are rising in both advanced and emerging market economies.

Photo: iStock / stnazkul

Trump Begins Rebuilding His Tariff Wall Citing Forced Labor

Section 301 tariffs are seen as more legally sound and flexible than other powers Trump has eyed, but also more time-consuming.

Photo: iStock / Douglas Rissing

Taiwan President Says 'Status Quo' of Island Essential for Supply Chain Stability

Lai was implicitly referring to the threat of invasion from China, which views democratically governed Taiwan as its own territory.

A ceremony at Taiwan's TSMC’s Tainan campus on December 29. Photo: Bloomberg

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