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Global Trade & Economics: Page 88

Report: Newark Air Traffic Controllers Warned of 'Unreliable' Systems in 2023

Workers in the airport's air traffic country facility in Philadelphia encountered more than 300 unscheduled equipment outages or malfunctions between January 1 and June 1 of this year.

Newark Liberty Airport in New Jersey. Photo: iStock/johnemac72

Tariff Turmoil Threatens to Bring 'Summer of Discontent'

Until businesses gain a clearer picture of the administration's trade strategy and timeline, the cycle of uncertainty is likely to persist, keeping supply chains fragile, costs unpredictable, and decisions on hold.

Photo: iStock / franckreporter

Watch: Tariffs & Other Supply Chain Challenges

Tariffs are disruptive, but Volker Albrecht, chief executive officer of Siemens Digital Logistics, is confident that supply chain managers will deal with them as successfully as they have so many other disruptions in recent years.

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Imports Slow at Port of Los Angeles as Trade Tensions Mount

Although May is typically a stronger month for cargo leading into the summer's peak shipping season, imports fell 19% from April, as well as 9% year-over-year.

Los Angeles, California. Photo: iStock / KKStock

Starmer, Carney Reboot U.K.-Canada Trade Talks Ahead of G-7

Starmer and Carney agreed to establish a new working group to deal with market access questions, and explore ways to cooperate on critical minerals and artificial intelligence.

British Prime Minister, Keir Starmer. Photo: Bloomberg

Ships’ Electronics Increasingly Jammed Since Israel Struck Iran

False location signals and jamming of vessels’ navigational equipment have become a growing feature of the commercial shipping industry in the past few years.

Photo: iStock / sandsun

A Competitive Advantage Playbook for SMBs Facing Tariffs

Tariffs imposed by the Trump Administration present major challenges for small American manufacturers and e-commerce brands.

Photo: iStock/monkeybusinessimages

Thai Exporters Face $600 Million in Added Costs as Port Congestion Worsens

The port congestion stems from a reduced number of vessels, overcapacity, inadequate rail and road infrastructure, lengthy regulatory procedures and poor truck queue management.

A motorcyclist rides past shipping containers stacked at the Bangkok Port. Photograph: Taylor Weidman/Bloomberg

IMF Sees Unwinding of Global Trade Surge Ahead of Trump Tariffs

“We are in an environment of very high uncertainty, and uncertainty in general tends to dampen economic activity,” said IMF spokeswoman Julie Kozack.

Loaded container ships at Felixstowe port in Felixstowe, U.K. Photographer: Chris Ratcliffe/Bloomberg

U.K. Issues Food Alert on Jolly Ranchers Candy

The U.K. Food Standards Agency (FSA) says the Jolly Ranchers products contain chemical compounds that are "not compliant with U.K. laws.

Photo: iStock/AniphaeS

Arm CEO Sides With Nvidia Against U.S. Export Limits on China

Semiconductor companies such as Arm and Nvidia Corp. are increasingly warning that export bans will compel China to develop its own industry and could ultimately backfire on the U.S.

Arm Holdings Plc chief executive officer Rene Haas. Photographer: Chris Ratcliffe/Bloomberg

Appeals Court Expedites Trump Tariff Challenge

In a June 10 order, the appeals court opted to expedite the case, noting that it addresses "issues of exceptional importance."

Photo: iStock/aprott

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