The Bank of Korea cut its base rate for the first time in three years. (WSJ)
The Federal Reserve found U.S. businesses expect modest growth despite trade concerns. (WSJ)
New U.S. residential building permits slid 6.1% in June, the biggest monthly drop since March 2016. (WSJ)
European Union competition authorities imposed a $272 million fine on chip maker Qualcomm Inc. (WSJ)
U.S.-China trade negotiations are at a standstill over restrictions on Chinese telecommunications giant Huawei Technologies Co. (WSJ)
Coal miner Blackhawk Mining LLC is planning a prepackaged bankruptcy. (WSJ)
Chinese ride-hailing company Didi Chuxing Technology Co. wants to raise $2 billion in new funding. (WSJ)
Australian regulators ruled that Uber Technologies Inc. can’t charge restaurants for delivery problems outside their control. (WSJ)
A credit-management industry group suspended 18 U.K. companies from its voluntary Prompt Payment code over late payments to suppliers. (WSJ)
Zara owner Inditex SA plans to use only responsibly sourced fibers by 2025. (Sourcing Journal)
Target Corp. hired former Facebook Inc. executive Hari Govind as senior vice president of infrastructure and operations. (Minneapolis Star-Tribune)
Air freight volumes declined significantly in June at several Asia-based carriers. (Air Cargo World)
Germany is the 13th country to ratify the IMO’s Hong Kong convention on ship recycling. (Lloyd’s List)
Iran’s domestic vehicle production is wilting as U.S. sanctions disrupt automotive supply chains. (Automotive Logistics)
Railroads are using technology to cut excessive engine idling. (Progressive Railroading)
Truck-trailer orders plunged 70% in June from the prior year. (Commercial Carrier Journal).
Deutsche Post AG’s DHL Supply Chain opened a “smart warehouse” in Singapore for food packaging company Tetra Pak International SA. (Parcel and Postal Technology International).
Kohl’s Corp. has started hiring for the holiday season. (CNBC)
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