The Federal Reserve will cut interest rates by a quarter-percentage point for the second time in as many months. (WSJ)
The global economy is set to grow at the slowest pace since the financial crisis, according to a OECD report. (WSJ)
California Gov. Gavin Newsom signed legislation intended to classify some independent contractors as employees. (WSJ)
President Trump said he would substantially raise sanctions on Iran. (WSJ)
Saudi Arabia is reaching out to foreign producers for crude and other petroleum products, upending its usual trade flows. (WSJ)
U.S. lawmakers want to bar federal agencies from buying drones from China or any country deemed a national-security risk. (WSJ)
General Mills Inc. sales fell 1% but its profit margin improved in part on higher pricing. (WSJ)
General Motors Co. halted production line at a Canada plant because a strike by auto workers in the U.S. limited parts shipped to the factory. (CBC)
Honda Motor Co. is undertaking an efficiency plan for a North American supply chain that now includes 20 factories and 607 U.S. parts suppliers. (Automotive Logistics)
China’s CATL will supply batteries for Daimler AG’s electric trucks. (Truck News)
Amazon.com Inc. is building a 1 million-square-foot distribution center in upstate New York despite opposition from local residents. (Syracuse Post-Standard)
Lineage Logistics LLC acquired temperature controlled warehouses in Belgium and the Netherlands. (Journal of Commerce)
Maersk Tankers is in talks to acquire seven chemical tankers. (Shipping Watch)
China state-run Shandong Shipping is buying eight tankers for charter to Royal Dutch Shell and four bulk carriers for Bunge Ltd. (Splash 247)
The global container fleet surpassed 23 million 20-foot equivalent units in capacity. (Seatrade Maritime)
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