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Maersk Sees Weaker Demand for Shipping Containers This Year
Date: August 3, 2022
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Shipping group Maersk said it expects weaker 2022 global container demand growth on Wednesday, after moving fewer containers by sea in the second quarter due to worsening consumer confidence and bottlenecks at ports. “Volumes in ocean (shipping) were softer as congestion continued and the war in Ukraine weighed on...
G7 Commits $5 Billion to Tackling Global Food Insecurity – U.S. Official
Date: June 28, 2022
By Thomas Escritt and Sarah Marsh GARMISCH-PARTENKIRCHEN, Germany (Reuters) -The Group of Seven rich democracies will commit up to $5 billion to improve global food security, a senior U.S. official said, as the group responds to worries in developing nations about the threat of hunger triggered by war in Ukraine. On the final day of...
Covid Vaccine Rights Waiver Within Reach, WTO Chief Says Ahead of Meeting
Date: June 8, 2022
By Emma Farge GENEVA (Reuters) -An international agreement on waiving intellectual property rights for COVID-19 vaccines is within reach ahead of a global trade meeting next week, the head of the World Trade Organization said on Wednesday. In a telephone interview, Director-General Ngozi Okonjo-Iweala also said an agreement could be reached on fishing subsidies in...
Tesla Stutters Under Tighter Shanghai Lockdown; Beijing Keeps Hunting Covid
Date: May 10, 2022
By David Stanway and Martin Quin Pollard SHANGHAI/BEIJING (Reuters) -Tesla operated its Shanghai plant well below capacity on Tuesday, showing the problems factories face trying to ramp up output under a tightening COVID-19 lockdown, while China’s capital kept up its fight with a small but stubborn outbreak. Many of the hundreds of companies reopening factories...
Maersk in Talks With Buyers for Stake as Quits Russia
Date: May 4, 2022
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Maersk has found possible buyers for its stake in Global Ports Investments, which operates ports in Russia as it withdraws from the country following a final cargo shipment this week, the Danish shipping group said on Wednesday. Maersk put its 30.75% share of Global Ports up for sale as it...
Switzerland Faces Steady if Slowing Growth Amidst Currency and Real Estate Risks
Date: September 21, 2018
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