A measure of U.S. consumer confidence rose sharply this month on a brighter outlook for 2021. (WSJ)
U.S. wholesale prices rose in November by the smallest amount in seven months. (MarketWatch)
The U.K. and European Union agreed to keep negotiating over a new economic and security relationship. (WSJ)
Elliott Management has built a significant stake in Public Storage and privately nominated six directors to the self-storage giant’s board, according to people familiar with the matter. (WSJ)
SoftBank is selling an 80% stake in Boston Dynamics to Hyundai Motor in a deal valuing the robotics company at $1.1 million. (WSJ)
Angry Indian workers attacked the office of a factory near Bangalore that does contract manufacturing for Apple. (WSJ)
A court approved Ascena Retail’s bid to sell its Ann Taylor, Lane Bryant and other brands to Sycamore Partners in a deal valued at about $1 billion. (WSJ)
Propane supplier Ferrellgas will place its holding company into bankruptcy under a deal with bondholders that will keep its operations out of chapter 11. (WSJ)
Brazilian prosecutors are suing Maersk Line over alleged corruption involving shipping contracts with state-run oil firm Petrobras. (Reuters)
Walmart plans to expand its annual exports from India from $3 billion currently to $10 billion by 2027. (LiveMint)
Japanese retailer Uniqlo is closing its Seoul flagship store amid deteriorating trade relations between Japan and South Korea. (Nikkei Asian Review)
IKEA apologized to British customers after stock shortages due to congestion at U.K. ports. (BBC)
Asia-to-Europe spot freight rates reached record levels nearing $3,000 per container, triple the level of a year ago. (Lloyd’s Loading List)
The steep imbalance in China’s trade has left the country’s exporters facing a shortage of containers. (South China Morning Post)
India’s containerized trade contracted about 8% in third quarter but rose sharply from the second quarter. (The Hindu)
U.S. ports are seeking a total of $3.5 billion in relief aid to make up for lost cargo volumes this year. (Port Technology)
Maersk Line and Ocean Network Express joined CMA CGM in declining some new bookings out of Asia through the end of the year. (ShippingWatch)
Trading group Noble exited the shipowning business with the sale of its last bulk vessel. (Splash 247)
Australia’s Port Kembla handled its first grain exports in more than two years following a prolonged drought. (Lloyd’s List)
Union Pacific and Canadian National Railway were among investors in a $350 million funding round backing autonomous truck company TuSimple. (Trains)
Cardiff-based trucker Rhys Davies entered administration, the U.K. version of bankruptcy protection. (Motor Transport)
Startup battery maker Britishvolt will build a “gigafactory” car-battery plant in Northumberland in the U.K. (Auto Express)
Agriculture suppliers in some countries are exploring avocado production as demand for the delicious fruit soars in the U.S. and Europe. (Bloomberg)
UPS is recycling its discarded uniforms into dog leashes. (DC Velocity)
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