News Media
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Date : 2022-09-22
U.S. inflation has slightly eased for the second month in a row, reaching 8.3% in August. This is the lowest figure in four months, preceded by a 40-year high of 9.1% earlier this year.
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[GLOBAL & ECONOMY] UK Supply Chain Under Strain - September 7, 2022
Date : 2022-09-16
With the conclusion of the 8 day Felixstowe port strike on the evening of Sunday 28th August, and no agreement between the Port Operator Hutchinson Ports and their Felixstowe employees being made, we saw congestion at the port drastically increase. U...
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[LOGISTICS] 5 challenges facing global supply chains - Sep 7, 2022
Date : 2022-09-16
The pandemic highlighted how interconnected the world is right now. Multiple bottlenecks have disrupted global supply chains – the networks of people, companies and modes of transport that order and manufacture goods and deliver them to warehouses, s...
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[AIR] Air cargo tonnages stabilised - Sep 12, 2022
Date : 2022-09-16
Worldwide air cargo tonnages dropped again slightly in the final few days of August and into early September after rebounding in the last full week of last month, the latest figures from WorldACD Market Data reveal.
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Date : 2022-09-16
Ongoing rail congestion at West Coast ports has created an opportunity for East Coast ports, container shipping companies and rail operators to enter into new trade relationships.
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[OCEAN] Shipping rates plunge as experts say 'unprecedented' boom has peaked - September 11, 2022
Date : 2022-09-16
Ocean shipping rates on major trade routes have fallen by more than half since the beginning of this year, a potential sign of easing inflation pressures and alleviated supply chain logjams.
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Date : 2022-09-16
The Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence and chipmaking tools, several people familiar with the matter said.
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[GLOBAL & ECONOMY] Bailout Euphoria Signals Peak of Pessimism in Emerging Markets - 2022.09.12
Date : 2022-09-16
It may be too early to turn bullish on emerging markets -- but a raft of bailouts pledged by the IMF and China has some investors deciding it’s also too risky to stay bearish.
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Date : 2022-09-16
China’s economy is in trouble. The juggernaut that once looked bound for global domination is slowing down — and not only in the short run.
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[GLOBAL & ECONOMY] Russia’s cash reserves run dry as West shuns Putin’s energy - September 13, 2022
Date : 2022-09-16
Russia’s budget surplus has shrunk significantly in the latest sign that its public finances are feeling the strain from sanctions and the Kremlin shutting off gas supplies to Europe.
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Date : 2022-09-16
A potential railroad strike in the U.S. shouldn't be viewed as a black swan event, according to Goldman Sachs chief economist Jan Hatzius, but it could still have an impact on the economy.
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[LOGISTICS] Walnut Exporters Are Looking For Ways Around Clogged California Port - 30 AUGUST 2022
Date : 2022-09-07
fed up with delays at California’s Port of Oakland -- are in talks with top steamship and rail carriers for a new trade route to get their products overseas.
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[LOGISTICS] Dock workers say 'no' to port automation - 01.09.2022
Date : 2022-09-07
Labor negotiations for 22,000 dock workers on the West Coast are causing anxiety among US industries who fear disruptions to trade. The dock workers' union says automated ports are job killers and less productive.
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[AIR] Air cargo’s descent to normal - 05 / 09 / 2022
Date : 2022-09-07
Economic turmoil is emerging worldwide and both airfreight rates and demand are feeling the strain, writes Ian Putzger.
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Date : 2022-09-07
New York and New Jersey port officials tell CNBC they are not going live with the container fee they had planned for September 1. The Port of New Jersey has had a container imbalance of over 200,000 since January and the fee was to encourage the evac...
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[OCEAN] Spot rates comparison on major trade routes - 03/09/2022
Date : 2022-09-07
The recent trend of falling spot rates has left many shippers and the wider container shipping industry pondering how much it has fallen from last year until this summer. Despite the fall in spot rate over the summer, they are still much higher than ...
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[GLOBAL & ECONOMY] Euro hits 20-year low on Russian gas halt - September 5, 2022
Date : 2022-09-07
The euro fell below 99 cents for the first time in nearly two decades, while sterling was on the ropes on Monday as Russia’s halt on gas supply down its main pipeline to Europe sparked concerns over energy prices and growth.
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[GLOBAL & ECONOMY] A Deglobalising World Will Be An Inflationary One - Sep 5, 2022
Date : 2022-09-07
Globalization and disinflation have gone hand in hand in recent decades. As multinational companies grew well beyond the borders of individual nation states, they were able to use technology, outsourcing and economies of scale to drive prices down. C...
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Date : 2022-09-07
In the aluminum industry, closing a smelter is an agonizing decision. Once power is cut and the production “pots” settle back to room temperature, it can take many months and tens of millions of dollars to bring them back online.
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[GLOBAL & ECONOMY] Chinese E-Commerce Companies Suffer as Economy Sours - Sept. 3, 2022
Date : 2022-09-07
Chinese consumers are cutting back on discretionary purchases and becoming more thrifty as the country’s economic slowdown drags on, impeding the once-inexorable growth of the country’s e-commerce companies.