The global economy contracted for a second straight quarter in the three months through June. (WSJ)
U.S. consumer prices rose 0.4% in August in the third straight monthly increase. (WSJ)
Lumber futures prices reached record levels on strong home-building demand. (WSJ)
United Parcel Service and the U.S. Postal Service are among large employers that won’t implement President Trump’s payroll-tax deferral plan. (WSJ)
SoftBank is nearing a deal to sell British chip designer Arm Holdings to semiconductor supplier Nvidia for more than $40 billion. (WSJ)
Same-store sales excluding fuel at grocery chain Kroger rose 14.6% last quarter. (WSJ)
A bankruptcy judge rejected a $2.45 billion bankruptcy loan for Latam Airlines Group. (WSJ)
J.Jill struck a restructuring agreement that keeps the apparel retailer out of bankruptcy court. (WSJ)
Peloton Interactive has increased production of its exercise equipment but doesn’t expect delivery times to return to normal for several months. (WSJ)
Healthcare providers say production of N95 medical masks remains strained because of raw materials shortages. (Associated Press)
Cambodia raised garment workers’ minimum wage 1.1% despite industry calls for a pay cut. (Sourcing Journal)
German truck and bus maker MAN plans to cut up to 9,500 jobs in a business overhaul. (Financial Times)
The International Energy Agency says the maritime industry needs $6 trillion over the next 50 years to meet decarbonization goals. (Lloyd’s List)
Chinese authorities are looking to intercede to halt the rise in container shipping rates and to address capacity constraints. (The Loadstar)
Consulting group Mercator says in a report that expansion of Western Canada ports could divert significant intermodal shipments from U.S. gateways. (Journal of Commerce)
A group of 27 people saved by a tanker were transferred to a rescue ship and the Maersk Etienne sailed to another port after a five-week standoff. (Times of Malta)
A third crew member from the MSC Gayane pleaded guilty to conspiring to smuggle cocaine on the container ship in 2019. (Philadelphia Inquirer)
British parcel carrier Yodel plans to build a large hub in northern England to handle “turbo-charged” delivery demand. (Motor Transport)
Japan’s bullet-train operator hopes to start shipping freight on its under-used shinkansen network. (Nikkei Asian Review)
Singapore Airlines is considering passenger 'flights to nowhere’ that would fly people around for three hours. (Straits Times)
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