AAL shipping launches Europe-Asia express liner service
The EAX service will offer regular sailings between Northern Europe and key Asian ports, including China, South Korea, and Japan.
Global Trade
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Shipping lines expand services to Indian ports amid growing trade demand
Industry insiders have pointed to India’s growing economic clout and its strategic location as factors driving this expansion. With the Indian economy rebounding strongly and global trade patterns evolving, shipping lines are increasingly recognizing the need to bolster their presence in the region.
Nike halts online sales in Turkey amid new customs tax regulations
The new Turkish customs regulations lower the tax-free threshold for online purchases to 30 euros and raise tax rates to 30% for EU goods and 60% for other international goods.
KOSPI plunges 8%, trading halted amid global market turmoil
The Bank of Japan’s decision to raise interest rates, a move aimed at curbing inflation, has sent shockwaves through global financial markets.
Philippines and Japan strengthen ties with first joint military drills in South China sea
The joint exercises involved naval maneuvers, maritime patrols, and search and rescue operations, reflecting the growing strategic partnership between Manila and Tokyo.
Indonesia eyes Africa as key market for EV batteries amid strategic economic shift
The Indonesian government has announced plans to actively promote and expand its export of EV batteries to African countries, capitalizing on the continent’s increasing demand for clean energy technologies and automotive innovations. This initiative is part of a broader strategy to enhance Indonesia’s position in the global EV supply chain and stimulate economic growth through the export of high-value products.
Commerce Secretary attends 14th BRICS Trade Ministers’ meeting
India’s Commerce Secretary, Anil Kapoor, represented the nation, advocating for deeper trade integration and shared economic growth. Kapoor emphasized the importance of a coordinated response to global economic uncertainties and trade barriers.
Industry experts warn against protectionism amid push for green trade
Industry experts caution against protectionism in the clean energy trade as global efforts for a greener future intensify. Washington's tariffs on Chinese clean energy products raise concerns, hindering international cooperation and sustainable development.
Red Sea crisis puts strain on China’s exporters as shipping delays and costs mount
The vulnerability of China's export-dependent economy to supply chain disruptions is evident, highlighting the need for resilience against external shocks.
China’s exports show resilience with a 2.3% rise in december despite lingering economic challenges
This marks the second consecutive month of expansion, suggesting a potential uptick in demand. However, the data also underscores the uneven nature of China's economic recovery from the impact of the pandemic.