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Global Trade & Economics: Page 202

Wheat Import From Russia Initiated Through Gwadar Port

The Port Authority chairman said the agreement to import such a large volume of wheat was a remarkable development towards improving the natural capacity of Gwadar Port as a logistics hub in the area.

Photo: iStock.com/Aleem_khan

Chinese Cars Rise in Russia After Fury Drove Western Brands Out

The rewards Chinese companies are reaping in Russia are small compared to the geopolitical risks they’re taking.

Workers install engine blocks into a Haval F7 crossover SUV inside the Haval automobile plant, operated by Great Wall Motor Co. in Russia in 2019. Photo: Bloomberg

Chinese Factories Boom While Japan's are in Reverse

Japan faces a global slowdown, the soaring cost of raw materials and calls for firms to raise wages for their workers to help ease a cost-of-living crisis.

Photo: iStock.com/Koji_Ishii

Credit Suisse ‘Seriously Breached’ Rules in Greensill Case

The Swiss bank was ordered to take remedial measures by Finma, which include a periodic executive board level-review of the most important business relationships for counter-party risks.

Photo: Bloomberg

EU and U.K. Strike New Deal over Trade Rules in Northern Ireland

European Commission President Ursula von der Leyen said that in order for the EU and the U.K. to “make the most of our partnership” new solutions were needed.

Photo: iStock.com/Tanaonte

Tehran Ready to Boost Customs Cooperation with Islamabad

According to a mutual agreement, Pakistan is to purchase 100 megawatts of electricity from Iran to fulfill Gwadar’s power needs.

Photo: iStock.com/Aleem_khan

BASF to Cut 2,600 Jobs as Energy Crisis Puts Germany on Track for Recession

Germany’s economy has faltered because of the energy crisis. German GDP fell by 0.4% in the final three months of 2022, according to data published February 24 by the country’s Federal Statistics Office.

Photo: iStock.com/Kannan D

The Tough Road to Responsible Sourcing for EV Automakers

Jamie Wallisch wants companies to recognize that they truly have leverage. “Manufacturers do have an important part to play, even though it seems so high up and far removed,” she says.

Workers enter a mine in the Democratic Republic of the Congo. Safety for miners, a risky job, is a priority for local advocacy groups. Photo: Jamie Wallisch, Assent.

AI Blunders Like Google Chatbot’s Will Cause Trouble for More Firms, Say Experts

Shareholders were rattled after it emerged that a video demo of Google’s rival to the Microsoft-backed ChatGPT chatbot contained a flawed response to a question.

Photo: iStock.com/angkhan

The Road Ahead: Logistics Industry Predictions for 2023

Will 2023 herald a return to more “normal” operations in the logistics sector?

Photo: iStock.com/asbe

Zoom Cuts Workforce by 15% as Pandemic-Driven Demand Wanes

Zoom had bumped up hiring during the pandemic to meet surging demand, but now joins U.S. companies in reining in costs to brace for a potential recession.

Photo: iStock.com/fizkes

Volvo May Move Investments to U.S. If Europe’s Green-Tech Push Falls Short

The European Union proposed its own green-tech road map in early February, but some are concerned that the subsidies will only help richer countries, and others warn of a transatlantic trade war.

Photo: Bloomberg

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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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