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EU-China trade war is brewing + Maersk earnings take a big hit
The EU is preparing to launch a trade war with China over the import of cheap electric cars and cheap…
Amazon’s 1Q earnings beat expectations + South Korea’s exports boomed in April
Amazon tripled its quarterly bottomline y-o-y to USD 10.4 bn in Q1 2024 rising above Wall Street’s expectations, Reuters reports.…
Trump’s tariff proposal might result in a "free for all" in the global trading system,
US presidential candidate Donald Trump's plan to raise tariffs on imports could trigger a "free for all" in the global…
Maersk plugs USD 600 mn into Nigeria’s ports + trade updates from the EU and Japan
Danish shipping giant AP Moller-Maersk will invest USD 600 mn into improving Nigeria’s seaport infrastructure, according to an agreement reached…
Russia hits at Ukrainian power facilities, American Airlines reshuffles schedules amid Boeing delivery delays
Russian missiles have struck power facilities in central and western Ukraine, Reuters reported on Sunday. The aerial assault, the fourth…
Boeing’s 1Q 2024 earnings were better than anticipated
Boeing reported a narrower-than-expected loss during 1Q 2024, as well as less cashflow burn than analysts anticipated, CNBC reports. The results…
Boeing 787 Dreamliner production rate increase dips
Boeing is expecting slower growth in production and deliveries of 787 Dreamliners, on the back of shortages of key components,…
LNG shippers unimpressed by boost to Panama Canal transit slots
LNG shippers are not tempted by extra slots at the Panama Canal, and remain set on transiting the Cape of…
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