The philosopher Jose Ortega y Gasset once said, “We do not know what is happening to us, and that is precisely the thing that is happening to us.” This quote is apt for the current state of the Americas, where technological transformation, massive migration, rampant crime, and sluggish economies are remaking politics and weakening democratic […]
Read MoreDespite declining exports to its main market, the United States, container activity remains high at China’s major ports. This is because the country has found new buyers elsewhere, such as Europe, India, the Middle East, and South America. Deflation has also become an asset for Chinese exports, as it lowers importers’ prices. Figures from the […]
Read MoreThe Brics bloc is expanding to include six new members: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates (UAE). This move is a sign of the growing economic and political power of the Global South, and it raises important questions about the future of multilateralism in a world where geopolitics is increasingly […]
Read MoreAir cargo demand has continued to decline in recent months, with no signs of a peak season despite some expressing hopes of a recovery in the final months of the year. The latest data from Xeneta-owned CLIVE Data Services shows that in August demand in chargeable weight terms declined by 1% year on year […]
Read MoreRecent Inflation Developments The Federal Reserve’s Strategy to Tame Inflation The Federal Reserve is making progress in its efforts to tame inflation. Headline inflation has slowed from its peak of 8.9% in June 2022 to 3.3% in July 2023. This deceleration has been driven by lower food and energy prices. Core inflation, which excludes […]
Read MoreThe BRICS (Brazil, Russia, India, China and South Africa), trade bloc is expanding its market reach beyond the West in response to slowing demand. At a summit in Johannesburg this week, the five member nations voted to bring six more countries into the fold: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates. […]
Read MoreChina has expressed strong opposition to “official interaction of any form” between the US and Taiwan and called on Washington to revoke a bilateral trade agreement with Taipei. “The US move violates the one-China principle and the three China-US joint communiques, contravenes the US’s own commitment of maintaining only unofficial relations with Taiwan,” China’s Foreign […]
Read MoreAs experts analyze the potential for economic downturns in major global economies, a plethora of recent data underscores the existing downturn in global trade. China, the world’s largest exporter, recently reported the most significant contraction in overseas shipments since the onset of the Covid-19 pandemic in February 2020. Germany, the third-largest global exporter, experienced a […]
Read MoreUPS and union representatives are scheduled to resume talks in the coming week as the threat of an impending strike looms, with less than two weeks remaining before the current deal with the Teamsters union expires on July 31. Express delivery company UPS is urging swift action to reach a resolution with the Teamsters union, […]
Read MoreFreight forwarders in the United States have been warned to prepare for potential strike action at UPS and the looming insolvency of major trucking firm Yellow Freight. The situation has raised concerns over the impact it may have on supply chains and the flow of goods across the country. Brandon Fried, the executive director of […]
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