The U.K. launched a new national lockdown amid spiraling coronavirus infection rates. (WSJ)
A large share of trading volume in European stocks shifted from London to Europe’s financial centers as Brexit took full effect. (WSJ)
Iranian forces seized a South Korea-flagged tanker, heightening tensions with a U.S. ally. (WSJ)
Fiat Chrysler Automobiles and PSA Group are accelerating plans to complete their trans-Atlantic merger by mid-January. (WSJ)
Snack-food supplier Mondelez International is nearing a deal to buy paleo chocolate-bar maker Hu Master Holdings. (WSJ)
Singapore’s economy shrank 3.8% in the fourth quarter and 5.8% for all of 2020. (Straits Times)
The cost of moving freight from France to the U.K. by truck has more than quadrupled from typical levels. (Bloomberg)
Container ships are waiting for berths at Southern California’s congested ports for up to two weeks. (Lloyd’s List)
South Korea’s Daewoo Shipbuilding & Marine Engineering canceled a $770 million order for containerships after the unnamed buyer failed to meet contract terms. (TradeWinds)
Offshore driller Pacific Drilling emerged from bankruptcy protection with about $100 million in cash and $1 billion in debts erased. (Splash 247)
Contract electronics manufacturer Foxconn Technologies will work with struggling Chinese electric-vehicle startup Byton. (Nikkei Asian Review)
Rolls-Royce will suspend investment in its UltraFan jet engine program while it awaits a partner to develop a compatible aircraft. (Financial Times)
Argentina suspended corn exports through Feb. 28 to ensure domestic food supplies. (Hellenic Shipping News)
Some 4,000 Canadian companies have signed onto an e-commerce directory dubbed “Not Amazon.” (New York Times)
Canadian healthcare companies are struggling to transport cancer-treatment materials because the pandemic-triggered cut in passenger flights has reduced airfreight capacity. (Reuters)
Santa Clara, Calif.-based robotics startup Flexiv raised $100 million in a Series B funding round. (DC Velocity)
The death of a young worker at a Chinese e-commerce company is renewing debates over the work culture in the country’s tech sector. (South China Morning Post)
Construction started on a 450-acre multimodal logistics hub with 5 million square feet of industrial space in the U.K.’s East Midlands region. (Motor Transport)
Worcester, Mass., officials approved Amazon’s plan to demolish a retail mall and build a distribution center. (Associated Press)
Amazon plans to build a 1 million-square-foot distribution center in Amarillo, Texas. (KVII)
Scammers are targeting businesses in Canada with bogus sales offers for sea containers. (CBC)
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