The U.S. ordered all its nonemergency staff to leave Iraq amid heightened tensions with Iran over attacks against oil tankers and facilities in the Persian Gulf. (WSJ)
China’s economic activity cooled in April as factory production, retail sales and investment in fixed assets slowed. (WSJ)
The German economy grew 0.4% in the first quarter. (WSJ)
Prices of goods imported to the U.S. rose in April at their slowest pace in three months. (WSJ)
Escalating trade tensions have sent China’s yuan to its weakest level since late December. (WSJ)
China’s auto sales fell 15% in April from a year ago, the 10th consecutive month of decline. (WSJ)
Credit-card delinquency rates in the U.S. are rising, particularly among young people. (WSJ)
Volkswagen AG will pursue an initial public offering for its Traton truck-manufacturing division. (WSJ)
Foxconn Technology Group’s first-quarter profit fell 17.7% as sales of Apple Inc. iPhones declined at an accelerating pace. (WSJ)
North Korea wants the U.S. to return the cargo ship it seized for allegedly violating sanctions. (WSJ)
Nissan Motor Co.'s new chief executive is trimming production in the U.S. as the troubled auto maker retrenches. (WSJ)
Ralph Lauren Corp.’s quarterly profit fell 21% on declining North American sales and a higher tax expense. (WSJ)
The National Labor Relations Board concluded Uber Technologies Inc. drivers are contractors, not employees. (New York Times)
MacBook maker Quanta Computer says the logistics costs of shifting production out of China could prove as expensive as the tariffs themselves. (Nikkei Asian Review)
Truck traffic through the Eurotunnel fell 14% in April as companies destocked in the wake of a Brexit delay. (Logistics Manager)
Five more container lines joined an association seeking to set industry-wide digital standards. (Journal of Commerce)
The German lender Portfoliomanagement created as a “bad bank” for non-performing shipping loans reported positive results. (TradeWinds)
Port of Oakland commissioners voted to continue talks with the Oakland A’s about building a baseball stadium at the port’s Howard Terminal. (American Shipper)
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