A key measure of underlying US inflation favored by the Federal Reserve cooled last month, and consumer spending rebounded sharply. Earlier in the week, the collapse of a major bridge in Baltimore will cause weeks or months of transportation disruptions in the Mid-Atlantic region and accelerate a shift of cargo to the US West Coast. … Read more
Sign up for our Middle East newsletter and follow us @middleeast for news on the region. The Yemen-based Houthis have told China and Russia their ships can sail through the Red Sea and Gulf of Aden without being attacked, according to several people with knowledge of the militant group’s discussions. Source link
The food travelled 200 kilometers by sea from Larnaca to a makeshift jetty off Gaza, arriving Friday. A convoy of eight trucks from the World Food Programme brought the aid to its final destination. The Cyprus government said a second vessel, Jennifer, loaded with some 500 metric tons of aid is ready to leave Cyprus … Read more
US Navy ships fired on a Houthi anti-ship missile in Yemen hours after a tanker operated on behalf of trading giant Trafigura Group carrying a cargo of Russian fuel was hit in the most significant attack yet by the rebel group on an oil-carrying vessel. The US Central Command said the Houthi missile was prepared … Read more
A fuel tanker operated on behalf of trading giant Trafigura Group. was struck by a missile as it transited the Red Sea, in the most significant attack yet by Yemen’s Houthi rebels on an oil-carrying vessel. “Firefighting equipment on board is being deployed to suppress and control the fire caused in one cargo tank on … Read more
The Federal Reserve received some holiday cheer as inflation continued to soften while consumer demand firmed, and the Bank of Japan stuck with the world’s last negative interest rate. Meantime, maritime attacks carried out by Houthi rebels in Yemen have disrupted shipping in the Red Sea, prompting a rerouting of cargoes that’s raised costs. Source … Read more
Argentina’s Black Market Peso Rate Tops 1000 Per Dollar Bloomberg Source link
Visitors check out a salmon imported from Norway during the second China International Import Expo in Shanghai in November 2019. [MA JIAN/FOR CHINA DAILY] Lin Ling is the freight manager of China Southern Airlines” cargo business in Amsterdam, the Netherlands, and the transport of salmon from Europe to China is one of the projects that … Read more