Global oil prices surged to the highest levels in nearly four years. (WSJ)
The Trump administration is turning to allies in Asia and Europe for trade deals as U.S. relations with China deteriorate. (WSJ)
U.S. lawmakers are set to vote on must-pass legislation that would bolster American funding of global infrastructure and development projects. (WSJ)
Sears Holdings Corp. chief Edward Lampert is pushing to restructure the retailer to avoid bankruptcy. (WSJ)
Porsche AG became the first German auto maker to drop diesel engines in the wake of the emissions-cheating scandal. (WSJ)
French retail giants Carrefour SA and Casino Guichard-Perrachon SA held preliminary talks to explore deals between the companies. (WSJ)
Michael Kors Holdings Ltd. is close to a deal to buy Italian fashion house Gianni Versace SpA for about $2.35 billion. (WSJ)
Amazon.com Inc. has given U.S. warehouse workers raises of 25 to 55 cents an hour in what one employee said “feels like damage control.” (Washington Post)
Asia-based logistics developer GLP will work with Indian real-estate firm IndoSpace to invest in warehousing in India. (LiveMint)
Harley-Davidson is investing more in Europe as it expands foreign sales at a rapid pace. (Bloomberg)
A study shows Iowa farmers could lose $2.2 billion under growing trade restrictions. (Des Moines Register)
The Georgia Ports Authority will spend $2.5 billion to dramatically expand capacity at the Port of Savannah over the next 10 years. (Port Strategy)
Del Monte Fresh Produce is buying six container ships to be built at CSSC Huangpu Wenchong Shipbuilding Co. shipyard. (Produce News)
CMA CGM SA says compliance with impending sulfur emissions restrictions will cost the shipping line $160 per container. (Lloyd’s List)
South Korean container ship operator SM Line is in talks to buy a stake in Vietnam’s state-owned Vinalines. (Splash 247)
Canada’s two big railroads are stepping up hiring to meet surging demand to ship crude oil by rail. (JWN Energy)
U.K. freight operator Xpediator is still looking for acquisitions after its first-half revenue jumped 60.7%. (The Loadstar)
Airport cargo handler Swissport is buying German handler Apron. (Air Cargo News)
Missouri prosecutors won’t press conflict-of-interest charges in an investigation of state highway officials serving on the board of a truck technology company with state contracts. (Herald-Whig)
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