Yellen Emphasizes Stabilizing U.S.-China Relationship and Collaboration on Key Issues
U.S. Treasury Secretary Janet Yellen expressed the importance of stabilizing the U.S.-China relationship during a dinner hosted by the U.S.-China Business Council.
Strong Demand Amidst Capacity Oversupply are the Insights from FreightWaves State of Freight Webinar
The FreightWaves State of Freight webinar discussed the current state of the freight market, highlighting that while truckload rates remain relatively stable, demand for freight has been strong.
US Commerce Secretary Voices Alarm Over China's Chip Breakthrough Amid Huawei Concerns
Commerce Secretary Gina Raimondo's got her eyebrows raised about China's chip wizardry, and she's saying Uncle Sam won't sit back.
OPEC Expresses Concern Over Possible Fossil Fuel Phase-Out Discussion at Cop28
The OPEC oil cartel has expressed concerns in leaked letters about the potential for a "fossil fuels phase out" being discussed at Cop28, the UN climate summit.
Geopolitical Uncertainty Dominates Concerns for Air Freight Industry in 2024
Geopolitical risks are seen as the primary concern for forwarders and the air freight industry in 2024, according to delegates at the ACE air freight forwarding event in Abu Dhabi.
Norwegian Union Joins Nordic Movement in Blocking Tesla Shipments Amid Labor Dispute
Norwegian labor union Fellesforbundet will block Tesla car shipments to Sweden starting December 20, in support of striking Swedish mechanics' demand for collective bargaining agreements.
Lawmakers Ramp Up Scrutiny of Shein Over IPO and Forced Labor Allegations
Lawmakers are intensifying their scrutiny of Shein, a Chinese fashion retailer, following its confidential filing for an initial public offering (IPO) in the United States.
US Commerce Secretary Signals Expanding Tech Export Controls to Slow China's Tech Advancements
U.S. Commerce Secretary Gina Raimondo stated in an interview that more controls on tech exports to China will be implemented as needed, despite concerns from businesses.
Search for Missing Airmen Continues After Osprey Crash in Japan
The search continues for two missing individuals following the U.S. military Osprey aircraft crash.
Maersk Invests $500 Million in Southeast Asia's Supply Chain Expansion and Sustainability Initiatives
Maersk is investing over $500 million to expand its supply chain infrastructure in Southeast Asia to support the region's growth as a global production and consumption hub.
Biden Administration Implements Rules to Limit China's Role in U.S. Electric Vehicle Supply Chain
The Biden administration has introduced rules aimed at reducing China's influence in the U.S. electric vehicle (EV) supply chain.
Sandra Oudkirk Navigates the Complex U.S.-Taiwan Relationship
Sandra Oudkirk, the top U.S. representative in Taiwan, is navigating the complex relationship between the U.S. and Taiwan, which the U.S. does not formally recognize as a country but maintains close trade and political ties with.
Texas Passes Controversial Immigration Law Allowing Arrests for Illegal Border Crossings
Texas lawmakers recently approved Senate Bill 4, which would permit Texas police to arrest individuals for illegally crossing the border from Mexico.
Zurich Tops List of Most Expensive Cities in 2023, Bumping New York to Third Place
The Economist Intelligence Unit's Worldwide Cost of Living 2023 report reveals that New York, Los Angeles, and San Francisco are among the top 10 most expensive cities to live in.
OPEC+ Agrees to 2.2 Million BPD Output Cuts for Early 2024, Led by Saudi Arabia
OPEC+ oil producers have agreed to voluntary output cuts totaling approximately 2.2 million barrels per day (bpd) for early next year, with Saudi Arabia continuing its existing voluntary cut.
Russia Accused of Orchestrating Migrant Surge at EU's Eastern Frontier, Prompting Border Closure Threats
Estonia's foreign minister, Margus Tsahkna, has accused Moscow of orchestrating a "blatant hybrid attack" by facilitating a surge in migrants from Africa and the Middle East arriving at the EU's eastern frontier.
Senate Democrats Raise Concerns Over Bipartisan Border Negotiations and Asylum Policy Changes
Sen. Alex Padilla, along with nine other Senate Democrats, is expressing concern about the direction of bipartisan border security negotiations, which are crucial for passing an emergency foreign aid package.
Rapid Deforestation in Western Mexico Linked to Soaring US Avocado Demand
Deforestation is rapidly increasing in western Mexico, driven by the growing demand for avocados in the United States.
US Suggests Somali Pirates Behind Israel-Linked Cargo Ship Attack Amid Houthi Concerns
The United States suggests that the attackers who attempted to seize an Israel-linked cargo ship were likely Somali pirates rather than Houthi fighters from Yemen.
Final Phase of Rescue Mission Underway for Trapped Workers in Indian Tunnel Collapse
Indian authorities are embarking on the final phase of the rescue mission to save 41 construction workers trapped in a collapsed mountain tunnel for over two weeks.