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Global Trade & Economics: Page 205

Microsoft to Cut 10,000 Jobs in March as Tech Firms, Including Amazon, Thin Ranks

Sector reacts to post-pandemic shift in digital spending and gloomy economic outlook for 2023.

Microsoft Windows

Warehouse Demand Remains Strong in Slowing Economy Says Prologis

Broader industry measures show leasing has slipped and vacancy rates rose at the end of 2022, but the declines are coming from record levels.

Photo: iStock.com/1933bkk

With Days Until it Bans Russian Fuel Imports, Europe Forgoes Diesel Shipments

The movements suggest that, despite the impending collapse in Russian cargo deliveries to the EU, the U.S. may have an even more acute supply situation.

Photo: Bloomberg

Lower Consumer Prices Help Slow Inflation

Many companies raised their prices substantially last year to offset higher costs. Now, some of those costs are coming down.

Photo: iStock.com/Dan Dalton

Lunar New Year Without China’s COVID Zero Policy to Put Airlines to the Test

One factor working in China’s favor is that unlike Western carriers, airlines in China have largely continued to operate their fleets domestically throughout.

Travelers at Beijing airport on Jan. 14. Domestic travel is expected to rebound faster than international. Photo: Bloomberg

Huge Sanctions Are Looming for the Fuel That Powers the World

The European Union will have to replace about 600,000 barrels a day of diesel imports, and Russia will need to find new buyers for those supplies.

Photo: Bloomberg

Air Traffic Seen Back to Normal by June on China Rebound

China’s surprise decision to drop border curbs earlier in January has given the industry a boost following earlier projections for a reopening much later in 2023.

Travelers at Beijing airport on Jan. 14. Domestic travel is expected to rebound faster than international. Photo: Bloomberg

U.S. Prices Drop for First Time Since May 2020 as Inflation Rate Falls to 6.5%

The news is unlikely to deter to the Federal Reserve from continuing raising rates as it fights inflation.

Photo:iStock.com/Dilok Klaisataporn

Railway Talks With China Terminated as Uganda Turns to Turkey

Uganda’s decision to cancel the contract with China Harbour Engineering Company may help it consider an alternative route through its southern neighbor Tanzania.

Kampala, Uganda's capital. Photo: iStock.com/Jjumba Martin

Transnet Gives Up on Chinese Rail Deal, Plans New Tender

South Africa’s freight rail operator doesn’t have enough railway wagons and is often hit by sabotage and theft.

Photo: Bloomberg

Podcast | Are Global Manufacturers Saying Goodbye to China?

When it comes to manufacturing product for the world, China is now longer a low-cost country. So which countries stand to benefit from China’s loss?

Photo: iStock.com/hapabapa

Flexport to Lay off 20% of its Global Workforce

The supply chain software company's co-CEOs cited the global macroeconomic downturn and softening trade volumes.

Photo: Flexport

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