Christian Lindner (FDP), Federal Minister of Finance, is on his way to a bilateral meeting with US Treasury Secretary Yellen at the headquarters of the World Bank. Bernd von Jutrczenka | Picture Alliance | Getty Images German carmakers do not have to fear competition from China and are still considered the best in the world, … Read more
New Delhi: The global trade growth is expected to pick up gradually this year after a contraction in 2023 but regional conflicts, geopolitical tensions and economic policy uncertainty pose substantial downside risks, according to a WTO forecast released on Wednesday. The World Trade Organisation (WTO), however, lowered the trade growth projection for 2024 to 2.6 … Read more
Even before an enormous container ship rammed a bridge in Baltimore in the early hours of Tuesday, sending the span hurtling into the Patapsco River, and halting cargo traffic at a major U.S. port, there was ample reason to worry about the troubles dogging the global supply chain. Between swirling geopolitical winds, the variables of … Read more
The shipping container is a logistics marvel that can affordably move thousands of items from hundreds of different companies all around the globe. If there is a slowdown in shipping-container circulation, there could be massive supply chain bottlenecks. “The skill involved in containerization is moving that container from point A to point B and getting … Read more
A China-Europe freight train returning from Russia arrives at a railway container freight center on September 20, 2023 in Manzhouli, China. Liu Wenhua | China News Service | Getty Images Shippers are scrambling to find alternative ways to transport goods from China to Europe in light of the disruption caused by attacks on the Red … Read more
The attacks on commercial ships in the Red Sea by Yemen’s Iran-backed Houthi rebels have rerouted most of the trade normally flowing through the crucial maritime artery for consumer goods and energy supplies, a shift that’s delaying shipments and raising transport costs. The impact struck home Friday when electric car maker Tesla said it had … Read more
The World Bank warned on Tuesday that global growth in 2024 is set to slow for a third year in a row, prolonging poverty and debilitating debt levels in many developing countries. Hamstrung by the COVID-19 pandemic, then the war in Ukraine and ensuing spikes in inflation and interest rates around the world, the first … Read more
